The former site of the Max Miami development was sold Tuesday in a bankruptcy auction for $7.3 million to a group that plans to develop a mixed-use project with residences north of downtown Miami.

NR MaxMiami LLC, led by longtime real estate investor and developer Nir Shoshani, on Tuesday emerged as the winning bidder for the 1.09-acre site at 1622 NE First Ave., three blocks west of Biscayne Boulevard. The company reached an agreement before the auction to assume the stalking horse bid position from Charleville Development Corp.