Retail space at the recently completed 1100 Millecento has been sold:
FA Commercial is proud to announce the recent sale of Millecento retail spaces located at 1100 South Miami Avenue in Miami, FL. The retail spaces were sold for $10.5 million totaling 17,500 square feet of ground floor retail and mezzanine on April of 2015. Bringing the price to $650 per square foot, this property was purchased back in 2013 at pre-construction prices. We now estimate the prices to have doubled since 2013.
Fabio Faerman of FA Commercial brokered the deal as a representative of the buyer, a group of South American investors. Millecento is a 42-story mixed-use building with 382 apartments on South Miami Avenue, just steps from Mary Brickell Village and the upcoming 5 million square foot Brickell City Centre. Fabio has since leased the spaces to international tenants: Freddo Gelateria, Pizza Tonda, Prime Cigar and Level 1 Restaurant & Lounge.