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Moishe Mana Buys More Downtown Property, Set To Unveil 'Grand Vision'

Moishe Mana Buys More Downtown Property, Set To Unveil ‘Grand Vision’

Moishe Mana is “near completion on his downtown assemblage” after purchasing another property for $4 million, according to a press release.

Mana now controls nearly 9 acres, the threshold for a SAP under Miami 21.

He is set to unveil his “grand vision” for the area “very soon,” the release stated. The plan is to “eventually redevelop his portfolio into retail, office and residential projects that will better serve the shifting dynamic of the urban core.”

Colliers’ Urban Core Division Represents Buyer Moishe Mana in the
Acquisition of 30 East Flagler Street
Vacant parcel becomes 41st property in his downtown Miami investment portfolio

Miami, June 23, 2017 – As Downtown Miami prepares for a wave of new development, investor Moishe Mana acquired one of the few remaining vacant land parcels on Flagler Street, the latest in a series of strategic acquisitions represented by Mika Mattingly of the Urban Core Division at Colliers International. Through 30 East Flagler Realty, LLC, Mana purchased the 6,000 square foot vacant lot for $4 million from seller 26 East Realty Corporation, represented by Kerry Newman of Koniver Stern Group.

The sale price breaks down to $666 per square foot and strategically positions Mana with a sizeable block ownership – amassing a new total of 70,500 square feet owned on the block that runs along Flagler between S. Miami Avenue and SE 1st Avenue. Additionally, the purchase of this parcel brings Mana to owning more than one million square feet of building and 8 acres of land in the urban core.

“Mana is near completion on his dowtown assembelage, wrapping up loose strings readying for the next phase of development,” Mattingly said. “Very soon, he will unveil his grand vision for a downtown that is strategically positioned to become the center of it all.”

The New Jersey and Miami-based developer has strategically partnered with Colliers’ broker Mika Mattingly in recent years to amass a portfolio of properties in the urban core of Downtown Miami. As one of the change-makers leading the renaissance on and around Flager Street, he plans to eventually redevelop his portfolio into retail, office and residential projects that will better serve the shifting dynamic of the urban core, which is quickly becoming a 24-7 community.

The concept of the evolving urban core is one that the Colliers’ Urban Core Division knows well. The specialized division, co-led by Mika Mattingly, was launched with the purpose of better serving the dense, urban markets of South Florida, with a myriad of property types and ever-changing zoning and landscape.

“Each neighborhood is really its own eco-system and our team has a block-by-block approach to brokerage, rather than limiting to a single property type,” Mattingly added. “This extends a more whollistic view to servicing our clients’ real estate needs, especially with the rise of mixed-use properties.”

 

 

(photo:facebook)

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Anonymous
Anonymous

IS he wearing pajamas in that photo ? lol

Anonymous
Anonymous

lol. that’s the reflection of the glass table. But at first glimpse, it does seem like he is.

Oscar
Oscar

Can’t unsee his PJs now lol

Oscar
Oscar

“Put on some pants and build something, dammit!”

Anonymous
Anonymous

LOL…he’s wearing Israeli Pajamas and he’s telling the guy on the computer to make the images as pretty as he can….saying a picture is woth a thousand words and that he needs really pretty pictures so he can sell the land and not waste a thousand words to do so…Very craft guy!

Oscar
Oscar

Sneak peak on the “Grand Vision”: Flip the land.

Marc305
Marc305

Being in Real Estate for so many years, I have gotten used to different types of Developers. There are those who deliver high end buildings like Ugo Colombo, those who continue to deliver decade after decade like George Perez and Tibor Hollo, those who take care of the working class like the Melos and then there are those chicken littles always talking about things they will build but who in reality are only in the game to flip properties and nothing else. Until Mana begins to put brick and mortar together that is all he will ever be.

Mana is Scum
Mana is Scum

Get ready for Mana to come with his hand out to the city when he releases his “grand plan.” The Herald has written enough fluff pieces on him so they can be easily duped into thinking he’s a respected “developer”

Anonymous
Anonymous

“He is set to unveil his “grand vision” for the area “very soon,””

I’m beginning to believe this guy is schizophrenic.

Mana is Scum
Mana is Scum

The sooner we can drive speculator scum like Mana out, the better we will be. He’s done nothing with any of the properties he owns. He doesn’t even maintain them. I’m sure he’s gonna have some nice pictures pretty soon for some “vision.” There’s some great stuff going on in the CBD in terms of revitalizing older buildings and making it feel like a true downtown. What’s holding it back? ScuManas derelict properties.

Anonymous
Anonymous

Moishe Mana is a disgrace to Miami. Only cares about fattening his pockets.

Anonymous
Anonymous

riiiight, as opposed to all those altruistic developers doing it for the public good? he just has a different way of scamming money, but they are all in it for the exact same thing.

Anonymous
Anonymous

Slumlord supreme.

Anonymous
Anonymous

Moishe Mana more like Mucho Nada!!!

Marc306
Marc306

Thank god he doesn’t build anything. What is on that TV is horrendous

City Commissioner
City Commissioner

I don’t think anyone understands what the code allows for once you own a minimum of 8 acres of land…Maybe he is not bluffing after all, I’m sure it took sometime to assemble all these properties. Well have to wait and see.

Anonymous
Anonymous

When he eventually flips his 9 acres with all the permitting for double or triple what he paid on the properties to someone who will develop them, he would have made a ridiculous amount of money with absolutely ZERO development risk or skin in the game.

That’s smart.

Anonymous
Anonymous

It is ok if he wants to buy and hold , so many people do it and you don’t even notice or know , but this guy is always looking for free publicity as he were the golden visionary of real estate of this city……. bs

David R.
David R.

It took the Miami Worldcenter developers about a decade to buy the land needed for their project, unveil their plan and get started on it, and in the meantime many of those properties sat neglected, so I’ll give this guy the benefit of the doubt for now. Mana’s biggest problem is he talks too much to early instead of when he’s actually ready to deliver.

Dude
Dude

True, however talking attracts investors..

Dude
Dude

Wow, that’s a lot of hate. Flagler has been neglected for 50 years. Maybe some of the emotions should be redirected to the previous and remaining current owners?right.. Let’s hope he can finally deliver a meaningful change after evidently spending a lot of cash on architectural and brokerage fees.

Anonymous
Anonymous

I would’ve loved it if the Melo Group owned these lots, we would’ve seen something built on them years ago.

Pioneer
Pioneer

OMG…it would be crap

District Worker
District Worker

Why does everyone hat Mana so much? All I know of him is what I’ve read in the news. It appears that he is investing a lot in the development of downtown and Wynwood. Is there something else we should know?

suomynona
suomynona

He’s been talking about Wynwood and Flagler Street for years. And…well…we’re all still waiting.

Pioneer
Pioneer

For how many years??? So far he hasn’t flipped anything…why is everyone thinking is not a doer. I am not saying he is but why is everybody so sure…is there anything i don’t know??

Mana is Scum
Mana is Scum

He’s been down here collecting properties I in this area for over a decade and makes no effort maintain them. He’s had this “vision” plan for Flagler for almost ten years. He’s always “just around the corner” from releasing what this plan is. The same goes for his Wynwood properties. Yet the most he seems to have done with any of his holdings is throwing a new coat of paint on his warehouse in wynwood. Nothing he’s done shows a willingness or ability to build anything. The company behind the Langford hotel has done more for Flagler than this clown ever has. The frustration here is a reflection of his constant portrayal in the media down here. You said yourself you thought he was investing in developing downtown from media reports. The media likes him because he gives them a nice quote here and there and pretty pictures and he’s probably more accessible than Tibor Hollo or Jorge Perez. Because of that The media essentially runs PR pieces for him and goes to him for comments. They asked him how Trumps policies were affecting Latin American investment in Miami condos. How would he know anything about that? He’s built nothing.… Read more »

Pioneer
Pioneer

I don’t get it either. So far the guy hasn’t done anything, good, or bad….just nothing. But we have no indication that he is going to flip it…especially if he is after a SAP.