NY MG Properties will Co-develop Villa Magna In Brickell Bay
New York-based MG Properties has joined forces with Tibor Hollo's Florida East Coast Realty in this new Brickell project. Frank McCourt’s MG Properties, in partnership with Tibor and New York-based Corgin Real Estate Group, is embarking on its first Miami venture, The Real Deal has learned. McCourt is joining a development team for a 1.8 million-square-foot high-end condominium project on the last remaining development site on the Brickell waterfront. The 2.5-acre site at 1201 Brickell Bay Drive on Biscayne Bay can hold as many as two 60-story towers. The properties would offer views from South Beach to Key Biscayne. “1201 Brickell Bay Drive, with its enviable waterside location and other attributes, is a great strategic fit for us,” Drew McCourt, president of MG Properties, said in a statement. * The Real Deal
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