The buyer of the apartment complex at 4041 Collins Ave. obtained a $125 million loan, which could signal expansion of the 172-unit complex.
December 14, 2012 at 12:00 AM
1 minute read
The former Lord Tarleton Hotel in Miami Beach could be going back to its roots.
A San Francisco company has paid $85 million for the former hotel property, which has operated as a luxury rental apartment community called The Crown Miami Beach for five years. Crown Miami Hotel Owner LLC bought the three-property site at 4041 Collins Ave., according to Miami-Dade County records. The county electronically recorded the Nov. 27 transaction Monday.
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