Related Group has partnered with another developer buy a 1.2-acre property in Wynwood.
An announcement about the property is expected within weeks, according to a source familiar with the developer’s plans.
Related paid $5.25 million for a 50 percent share in the property. According to The Real Deal, the partner in the transaction is Block Capital Group, a partnership between the Miculitzki family and Cabi Developers. Records show that they have been assembling the land through the beginning of this year.
