Joseph Thomas, Adam Duncan and Brett McMahon of Marcus & Millichap.
Buyer Blue Road wants to turn the property into a boutique hotel after pursuing similar plans with other buildings near the Miami Beach Convention Center.
March 13, 2018 at 11:53 AM
1 minute read
South Florida real estate reporter
A Marcus & Millichap team based in Fort Lauderdale closed the $14.2 million sale of a Miami Beach apartment building that is to be turned into a hotel.
Blue Road, which owns boutique hotels in Miami Beach, bought Park Terrace apartments at 355 19th St. from the Milton and Seymour Binkov Family Trusts and lessor Jobrotam Development Corp.
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