Moishe Mana Buys Another $60M Worth Of Properties In Downtown Miami

Multiple properties in downtown Miami have been sold to Moishe Mana in the past few weeks, according to a press release and other reports.

The following properties were sold to Mana during December:

  • 100 N Miami Avenue
  • 173 NE 1st Street
  • 124 NE 2nd Avenue

Those properties were purchased by Mana for a combined $25,375,000.

They include a combined 50,197 square feet of building space, and 28,750 square feet of land.

Colliers Urban Core Division Executive Managing Director Mika Mattingly and Senior Associate Cecilia Estevez represented both the buyer and the sellers in the off-market transactions.

Separately, Mana acquired the following buildings, according to Traded Miami and The Real Deal:

  • 120 NE 1st street (known as the Shoreland Arcade, formerly the Dade Federal Savings building)
  • 1 West Flagler

Those properties were purchased by Mana for a combined $34,300,000, bringing Mana’s total purchases in downtown Miami last month to $59.68 million.

They include a combined 97,974 square feet of building and 42,994 square feet of land.

Mana now controls at least 60 properties spanning more than 1.3 million square feet in the Flagler Street area.

“The Flagler District is on its way to becoming the best neighborhood in America,” said Moishe Mana. “We are turning the downtown core into Miami’s economic engine. What the people of Miami really need are jobs– high-paying, long-term, wealth-creating jobs, so those that built Miami into a global destination can benefit from its prosperity.”

According to the press release, Mana intends to transform the neighborhood into a global hub for tech and innovation, connecting North and Latin American markets. “The vision comes from a thoughtful intent to support commercial development in the downtown core as the demand for office and retail spaces in Miami increases,” the release added.

The press release also said that Mana has begun construction on several sites in downtown Miami including at the Nikola Tesla Innovation Hub.

 

The historic Shoreland Arcade (built 1925), newly acquired by Mana:

(photos: Phillip Pessar)

 

 

 

 

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Anonymous
16 days ago

Sometimes, when walking in downtown I wonder what could have been if Mana never came to Miami.

Melo is sigma and chad
16 days ago

Properly someone would of added more apartments above the existing retail buildings. And Flagler would be more lively at after 7pm other than for two bars.

Anonymous
16 days ago

You would see melo shitboxes

Anonymous
16 days ago

Versus the old shit boxes currently taking up space with their grimy facades? I’ll take 60 Melo shit boxes over the Mana shit.

Anonymous
16 days ago

Shoreland Arcade is a shitbox? The facade could use some restoration, but for a 100-year-old building, it’s not bad. Melo won’t even make it past fifty.

Anonymous
16 days ago

Awful. Another historic, landmarked property bought by someone with zero intention to build or renovate. Downtown will continue to be held back solely because of this man.

Melo is sigma and chad
16 days ago

Yeah the original facade will be degraded more

Anonymous
16 days ago

He should be fined daily and per property for fostering dilapidation and blight.

Bandit
16 days ago

Do nothing, property hoarder. Literally, the only work that is being done is the “innovation center” and it’s more PR than any actual commitment to developing our downtown. Shame on you Mana

Anonymous
16 days ago

Moshe Mana is the worst thing to happen to Miami.

Anonymous
16 days ago

He is awful, but hardly the worst thing to happen to Miami but maybe on the top ten worst for downtown.

Anonymous
15 days ago

their PR firm team sucks if they’re putting out this drivel to the media

Anonymous
16 days ago

Some parts of Dowtown really need to be revitilized.

Anonymous
16 days ago

Most parts

Anonymous
16 days ago

If only he were a man to his word. The amount of property that he possesses is really holding back the revitalization of downtown.

Anonymous
16 days ago

Is there nothing the city/county can do to prevent the hoarding of land in the city proper? Get the city commission to propose a bill that prevents this, and triple the annual taxes on excessive ownership, unless construction begins within a year of ownership. We have weak laws, and weaker commissioners.

Anonymous
16 days ago

I was thinking the same thing. is there anything that could be done to stop him or make him actually do something?
is really concerning, that just one man owns so much right in the core of a city.

Azarius
15 days ago

We want less government control on private property not more. I don’t like what Manas doing but I wouldn’t want to place those type of restrictions on private property. Something’s take time time

Anonymous
16 days ago

Mana is going to ruin downtown Miami by continuing to be the worst slum landlord there is.

He’s only torn down buildings. He hasn’t built anything new and it doesn’t appear he knows what what he is doing beyond snatching up property.

Stephen Ross
16 days ago

Someone tell this guy to call me. Thanks

Anonymous
16 days ago

Lmao there we go

Anonymous
16 days ago

Landlord… not a developer.

Anonymous
15 days ago

noteven, he evicts people after he buys.

Anonymous
16 days ago

MANA NOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!

Anonymous
16 days ago

comment image

Anonymous
16 days ago

Lying mother f*cker!

Anonymous
16 days ago

NO NO NO!!! Soya e’ Pomodoro I hope is somehow off limits.

Anonymous
10 days ago

Damn just realized this! He must not touch Soya e Pomodoro!

Anonymous
16 days ago

Miami is running out of properties with this weirdo buying them, we need to create a coalition and hunt this guy down

Anonymous
16 days ago

yes mana is not only buying a lot of properties in downtown but is also starting to buy properties in allapatah, that is his next goal , owning allapatah

Anonymous
16 days ago

I’m really over this. This city has sat asleep for too long. Time to do something. #manathemenace

Anonymous
10 days ago

#ManaTheMenace

Azarius
16 days ago

Mana playing real deal Monopoly with downtown Miami. Only thing though, I feel if he lets everyone develop around his current holdings it makes his property worth more when he does start to develop it. Making more profit as well he’ll be able to get a SAP to build whatever. Do I like it No but business is business. And he OWNS the most real estate in the area.

Anonymous
16 days ago

Yep. Downtown will basically be developed after Wynwood and Brickell are much further along in their development. Then the well-situated vacant lots in Downtown will be sold to actual developers. It’s an investment strategy, just not very public spirited. If the city can harass the Ball and Chain, they can do something about derelict property in Downtown.

Anonymous
16 days ago

mana is hurting everybody in downtown miami. his tenants are being evicted because he does n’t do any maintenance on his buildings and they are crumbling, the poor tenants are displaced and have no place to store their merchandise, city officials are very frustrated because they’ve taken steps to reduce homelessnes but mana’s abandoned buildings are a magnet for these vagrants and they continue to move to downtown miami to live in these buildings. business owners are very upset because they are losing revenue since their potential customers do not visit their businesses because they are afraid of these vagrants and are turned off by the smell of urine and feces

Anonymous
16 days ago

It’s crazy that he continues to hoard all these properties with so much potential to serve the people of Miami. The city needs to meet the demand of the influx of people here with more affordable apartments, offices, retail, parks, transportation, entertainment, everything. How is this profitable for him? How has there been no legal intervention for stifling development and basically encouraging urban decay? I’m not too familar with the details but on the surface level it just seems really stupid.

Anonymous
16 days ago

Guy this guy out of my city

Anonymous
16 days ago

I have the money to buy anything, including where you live! I’m the real estate God of Miami!

Azarius
16 days ago

Buy and Hold Mana, not like you go do anything else with it

Anonymous
16 days ago

Banish Mana from Miami please!!! This dude is a fraud. How much other development has happened and all this guy does is sit on his properties.

Anonymous
16 days ago

Slumlord

DJL Cyber
16 days ago

All the talk and zero actions done on the sites he purchased so far. It’s not surprising since it’s in the name: MANA.

Moishe Mana
16 days ago

I’ll admit it.. I’m a hoarder!

Anonymous
16 days ago

😭 wah mana buys everything and doesn’t do anything yet no one else is buying those properties to do shit with

Anonymous
16 days ago

Please release us from this MADMAN !!!!!!

Anonymous
15 days ago

This building should be renovated and turned into the base of the Florida Exchange Center – a massive 1,200′ mixed use building with Office and Hotel, designed by RAMSA. (in my dreams)

Melo is sigma and chad
16 days ago

He has his hands on that beautiful building that needs repairs.

Anonymous
16 days ago

Would be cool if they could find the original 18 story addition and could be implemented

Anonymous
16 days ago

Slum lords