New York Developer Buys Miami World Towers Site, Up To 2,500 Units Can Be Built

Miami World Towers LLC has purchased a key portion of the Miami Worldcenter site.

Lalezarian Properties of New York controls the LLC. The company develops office and residential towers in New York, according to New York Yimby.

The sale includes Block E, totaling 2.17 acres.  The sale price was $43 million, and closed earlier this month.

Also included in the sale was density rights for up to 2,500 residential units, the SFBJ reported.

A time limited restriction on some office and hotel development was recorded.

Lalezarian also recently purchased the Downtown Miami Fedex property next to the I-95 ramps, where up to 80 stories can be built.

 

 

A 2015 plan to develop the property created by Arquitectonica: