The 1.37 acres in Miami's booming Brickell neighborhood was acquired for $9 million three years ago and $18.1 million during the condo boom in 2005.
June 28, 2013 at 01:00 AM
1 minute read
Underscoring a frenetic comeback of land values in Miami's Brickell neighborhood, the Related Group paid $32 million for a 1.37-acre site that sold for half that during the condo boom.
The 60,000-square-foot parcel sold for $18.1 million in 2005 and $9 million at the height of the recession.
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