An investment group led by Uruguay’s Enrique Manhard has purchased 1900 Biscayne Boulevard.
Manhard’s Biscayne and 19th Street LLC paid $18.4 million for the property.
The buyer plans to “land bank” the property “until the next cycle,” a broker told The Real Deal.
In 2015, a 36-story tower with 429 units designed by Kobi Karp was approved for the site.
