Miami Worldcenter Sells Parcel To LA Real Estate Firm For $16.8M

A Los Angeles-based real estate investment firm has purchased a parcel from Miami Worldcenter, according to a source.

The transaction took place on Friday but isn’t yet showing in county records.

90 Northeast 11th Street, along with an alley behind the property, sold for $16.8 million. The sale includes 21,000 square feet of land, and equals exactly $800 per square foot.

An 11,250 square foot building, known for an “Adios” mural, will be demolished. A demolition permit had already been filed in October 2017, but was never pulled.

 

 

 

(photo: phillip pessar)

27 Comments
most voted
newest oldest
Anonymous
2 years ago

Adios!!

Polo
2 years ago

Before we know it, Eleven and Space will be gone.

Anonymous
2 years ago

Hope not!!

Anonymous
2 years ago

I hope they try to stick around the entertainment district. Missing Heart:(

Gene
2 years ago

Bye-bye.

Gene
2 years ago

Who-ho – so eager to see that happen.

Anonymous
2 years ago

It is just a matter of time before Club Space shuts down. Judging by the photo, this sale and eventual development, is right on the same block. This whole area is about to change dramatically.

A. Nonymous
2 years ago

Please don’t evict All Day.

Gene
2 years ago

Yes, great eggs!

Anonymous
2 years ago

RIP

Anonymous
2 years ago

RIP to a building thats been vacant for 5 years?

Anonymous
2 years ago

Had the planned to build on this and now backing out??

Anonymous
2 years ago

Selling off some parcels to developers to build different sections of Master Plan.

Anonymous
2 years ago

I guess they’ve built enough parking.

Anonymous
2 years ago

Yeah, now you’ll have a place to park your car when you go there.

Anonymous
2 years ago

As far as I can tell, this site was never shown on any of the plans, maps or renderings that I saw

marc
2 years ago

No, this wasn’t part of the revealed MWC renders.

Anonymous
2 years ago

Price reflects the “club” premium.

Anonymous
2 years ago

Rat droppings

Anonymous
2 years ago

Honestly, I don’t weep the loss of these clubs when they’ll move to appropriate locations like Wynwood.

TRzameen
1 year ago

TRzameen is Providing Safe & Secure Investment Opportunities to those people who are looking for investment in
Real Estate business .
Gwadar is a port city on the southwestern coast of Baluchistan, Pakistan.
Gwadar is located on the shores of the Arabian sea opposite of Oman.
Gwadar is becoming the heart of the Real Estate industry in Pakistan.
There are several Reasons Behind this successful in Real Estate in Gwadar.

TRzameen
1 year ago

TRzameen provides oppertunities of safe and secure investment in real estate business to investor class.
Gwadar is a port city on the southwestern coast of Baluchistan, Pakistan.
Gwadar is located on the shores of the Arabian sea opposite of Oman.
Gwadar is becoming the heart of the Real Estate industry in Pakistan.
There are several Reasons Behind this successful in Real Estate in Gwadar.
in Pakistan. There are several Reasons Behind this successful in Real Estate in Gwadar.

Anonymous
2 years ago

MWC is a huge disappointment so far.

They’ve built one condo tower, a bunch of parking garages and destroyed the city grid.

Anonymous
2 years ago

They built 2 towers and how can something be a when it’s not even finished?

marc
2 years ago

MWC has barely begun. There’s like another 4-5 towers that we know of that are yet to even break ground with two of those scheduled for Q4 this year. The city grid destruction you speak of is just the 7th street closure which will give Downtown an auto free Giralda/Lincoln Road type environment.

Anonymous
2 years ago

Its a very dissapointing construction site for sure…

Anonymous
2 years ago

How was the City grid destroyed? Two roads were closed (only to cars) to provide for pedestrian-only access along the existing street grid. Or you think car traffic is what makes ‘the grid’?