A developer has purchased an empty lot across from 3 MiamiCentral in Overtown (adjacent to the Logik/Krystal Tower/Miami Station Tower property). Plans call for a 150-unit high rise rental:
Meyers Group Closes $4.7 Million Land Transaction in Downtown Miami
The property is located across from the future-home of All Aboard Florida’s MiamiCentral.
MIAMI – (September 7, 2016) – The Meyers Group is excited to announce that it has closed a $4.7 million land deal for the 22,500-square-foot property at 533 NW 2nd Ave. in Downtown Miami.
Led by Stuart I. Meyers, the Meyer’s Group plans to construct a 150-unit high-rise rental property slated for completion in 2019. The prospective development will be located one block from All Aboard Florida’s mixed-use MiamiCentral project, which will include two acres of retail, commercial and parking as well as a Brightline train service connecting Miami to Fort Lauderdale and West Palm Beach beginning in 2017 with full-service between Miami and Orlando to follow.
“Downtown Miami was the obvious choice for our next development,” said Meyers, Chairman and CEO of Meyers Group. “The area is growing at an incredible rate, and with the upcoming opening of MiamiCentral, there’s going to be a remarkable amount of opportunity for future Downtown Miami residents.”
The announcement comes just weeks after the developer closed a deal on a $5 million parcel of land in Pompano Beach with plans for a 145-unit luxury rental development expected to open in 2018.
For more information about Meyers Group, please visit MeyersGroup.net.
About Meyers Group:
Founded by respected real estate developer, Stuart I. Meyers, the Meyers Group, headquartered in Coral Gables, Florida, is distinctively positioned to become a leader in multi- family and mixed-use developments. Built on a solid foundation of strength, integrity and skill, coupled with the firm’s robust financial backing, the real estate firm is energized and actively expanding its investment portfolio.