A major New York developer has acquired a Miami River property for more than $27.5 million and plans to build a high-end condominium tower.
Miami River Project LLC, managed by New York-based KAR Properties LLC, purchased the 1.8-acre parcel Tuesday at 24 SW Fourth St., according to Miami-Dade County records. The land once was the proposed site of the second phase of the Wind by Neo condominium project before the housing crash. A condo project called Cima also was planned for the property but also fell through.
