The Omni CRA has voted to purchase the historic Citizens Bank Building at 1367 N. Miami Ave.
A redevelopment with mixed-use commercial space is planned.
Previously, a residential developer had been in contract to buy the property with a concept for a residential tower overbuild above the historic structure. The deal fell through.
The owner had listed the property for $7 million, and the sales price is $4.5 million.
