Another downtown Miami property has been sold to Moishe Mana, according to the Herald.
Mana’s latest acquisition is a 15,478-square-foot surface parking lot at 201 SW First Street. He paid $6.9 million for the property.
The reason for the purchase: it is an assemblage needed for a development that Mana is planning. Mana said that owning the newly acquired property is “the only way to build something.”
Mana also said he is now in negotiations to buy three additional downtown Miami properties, but did not disclose where they are.
The developer is planning to build a downtown Miami project called Mana Common, and has spent $400 million buying property in the area.