A big-time New York developer puffed up the price on a head shop in Miami’s Wynwood neighborhood, plunking down $4 million for a building that houses the smoke shop as well as a gallery building next door. That’s more than twice the $1.55 million those properties sold for in May 2012.
The deal for 2701 NW Second Ave. and 187 NW 27th St. in the heart of Miami’s rapidly growing arts district gives real estate entrepreneur David Edelstein an 11,815-square-foot toehold on the northeastern corner of Northwest Second Avenue and 27th Street.
