Property Across From Resorts World Miami Sold To Hotel Developer

A site across from Resorts World has been sold.

Mandala Holdings, a hotel developer, purchased the Sun Electronics building at 511 Northeast 15th Street for $8 million. The lot size is 11,700 square feet.

The developer told The Real Deal that he is considering a “number of design options” to build a hotel on the small lot. Both of the adjacent properties are churches.