Another Chicago company has purchased property in Miami, with plans to build hundreds of apartments.
Chicago-based Focus paid $28 million for the Starlite Motel property.
Focus is planning to build 300 apartments on the property, but hasn’t yet filed plans, according to media reports.
The lot size 43,500 square feet.
A total demolition permit for the old motel was issued on November 10.
Next door, a 22-story hotel tower was recently completed, with 264 hotel units split between the AC Hotel by Marriott and Element by Westin brands.
(photos: Phillip Pessar)