An aerial of the 2.3-acre site in Miami’s Wynwood Arts District acquired by The Related Group for $18.5 million. Courtesy photo
The eight-parcel site was bought from a medical diagnostics equipment maker forfover $8 million per acre.
May 13, 2020 at 01:54 PM
1 minute read
South Florida real estate reporter
The Related Group, perhaps Miami’s biggest developer, added to its holdings in the city’s trendy Wynwood Arts District by paying $18.5 million for a development site.
Related, led by billionaire Jorge Pérez, on Friday acquired several adjoining lots at Miami Avenue and south of Northwest 22nd Street from medical diagnostics equipment maker Diamedix Corp. for more than $8 million an acre.
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