Related Group buys $57.25 million land near downtown Miami
One of our most respected clients, The Related Group, just purchased 2.8 acres of land at 1400 Biscayne Blvd for a whopping total of $57.25 million. At $20.45 million per acre, the site sits right in front of the notable Adrienne Arsht Center for the Performing Arts. The location lies between Brickell, the Design District, and next to Museum Park, some of the few most cultural and trendy areas of Miami.
The projected residential development will consist of 2 million feet of luxury right in Biscayne Bay. The Related Group also just closed another prosperous project, Doral View, which offers 360 apartment units from $1,700- $2,300. M2E sincerely congratulates the Related for such an admirable accomplishment.