1-Acre Starlite Motel Property In Brickell Sells For $24.8 Million

Optimum USA Brickell 2 LLC has closed on the purchase of Brickell’s Starlite Motel for $24.8 million.

The 1-acre site at 128 Southwest Seventh Street last sold in 1993 for $700,00. The motel was built in 1995.

The buyer is a company managed by Ricardo Tabet and Rodolfo Misitano. The two are also listed as managers for a company that recently purchased the Park Central hotel on Ocean Drive for $39 million.

 

 

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Anonymous
6 years ago

Great that eyesore and the junkies and hookers that hang around are going to be replace by something like a condo or an office building!!!

Ed
6 years ago

Second that. Only a matter of time before the motel next to this and in front of it are also bought.

Marc305
6 years ago

I go by that street on my way to and from work and I am always surprised to see the kind of cars that come out of there. I have seen Ferraris, Porches, BMW’s, Benzs, etc. It’s just crazy! I am personally glad to see it go!

Martim
6 years ago

They came to check out the “unique” entry from the garage opening and the “quaint” architecture.

Marc305
6 years ago

LOL – I had never noticed that, but I drove by it yesterday and you are right. That is very unique.

Martim
6 years ago

It is so no one see’s who comes in, or who comes out…perfect for the hourly rate!

Anonymous
6 years ago

I’m surprised to find out that crappy motel was built as recently as 1995! I would have thought 1955 maybe but not 1995.

It’s hard to believe that anyone wasted investment dollars on a structure such as that just 20 years ago because it should have been obvious what was happening and due to happen in the Brickell area by that time.

Yet Another Anonymous
6 years ago

Actually it’s a good clue that Brickell with the possible exception of very recently is not “southern Manhattan” or new Manhattan. Look at what Miami looked like in the 90s, watch Bad Boys the scene they film at this intersection of 1st Ave and 8th Street. I mean a couple of blocks away you have all single family houses in the roads and millionaire’s row which is even technically in Brickell to the south along Miami Ave, and even along “Miami’s Wall Street” Brickell Ave. I was surprised as well but I think it provides good insight contrary to any “hype.”

Really???
6 years ago

Why would you say Miami isn’t “southern Manhattan” because it was so 20 years ago. The hype is based off of what is happening now. I don’t think anyone is saying that Miami is the Manhattan of the south TODAY, just that were moving in that direction rapidly.