 |
| High-Rise Development Site, 2701 SW 27th Court, Miami, |
 |
| Larry Stockton |
MIAMI, FL, November 5, 2013 - Colliers International South
Florida is pleased to announce that Larry Stockton, Senior Vice President
and Alex Morcate, Vice President Investment Analysis, represented G.P.
Tower 27, LLP in the all-cash sale of a high-rise infill multifamily
development site.
The Purchaser paid $6.8 million for the approved site,
located at 2701 SW 27th Court, Miami, 33133. The site is situated just
north of US 1 and Coconut Grove's boundary line, next to the Coconut Grove
Metro Rail Station.
 |
| Alex Morcate |
"The price reflects the value attributable to the fully
designed and approved 192-unit residential tower that will be built on the
site" said Stockton.
"The purchaser should have great success
developing the well-conceived and designed project, as it is steps from the
Coconut Grove Metro Rail Station and is situated between The Grove, The Gables
and Brickell."
For a complete copy of the company’s news release, please
contact:
Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138
Email: crystal.proenza@colliers.com
No comments:
Post a Comment