Carlos Mattos and developer Ytech International have partnered to buy a 2.23-acre site across from the FPL station in downtown Miami. FPL was the seller.
Ytech International, led by Yamal Yidios Char, has developed projects in Colombia, Florida and Texas. Mattos is a Colombian investor.
Over 1,100 units could be built on the property, which is located at 201 Southwest Second Avenue. The lot is sandwiched between the power station and I-95 off-ramps.