MIAMI | Moishe Mana Assemblage (9+ acres) | 1 mil sq-ft+

[chris08876]

This sounds like a Miami World Center light in the making. Might be something to keep tabs on. It's quite a big assemblage. The idea of retail, residential, and office might yield something nice. A mixed used essentially spread out over 9 to 10 acres. As the acquisitions are not finished, it'll grow in size.


= = = = = = = = = = = = = =

= = = = = = = = = = = = = =



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.”

Moishe Mana picks up another puzzle piece in downtown Miami for $4M

Mana now owns about half of the block between Northeast First Avenue and Miami Avenue.

Developer and investor Moishe Mana just closed on a narrow piece of land on Flagler Street for $4 million, bringing his total spent in the area to more than $258.2 million, The Real Deal has learned.

Mana’s 30 East Flagler Realty LLC picked up the 6,000-square-foot lot at 30 East Flagler Street for $667 per square foot, which means he now owns 70,500 square feet of land, about half of the block. The rest, where Macy’s is located, belongs to Aetna Realty Corp. Mika Mattingly of Colliers International South Florida represented Mana in the deal, she said.

Kerry Newman of Koniver Stern Group represented the seller, 26 East Realty Corp. Records show Jagdish Shah of New York is the seller. Previous sales information was not available online. Mana plans to eventually redevelop his portfolio, which he’s been assembling since 2010, into retail, office and residential projects. In August, Mana paid $24.5 million for the Biscayne Building at 19 West Flagler Street.

Mattingly said Mana’s 42 Flagler-area properties total 9.2 acres of land and more than 1 million square feet. He’ll soon “unveil his grand vision” for downtown Miami, Mattingly said. Bernard Zyscovich of Zyscovich Architects is designing the project.

===================
===================
1) http://www.thenextmiami.com/moishe-m...-grand-vision/
2) https://therealdeal.com/miami/2017/0...-miami-for-4m/

[BrandonJXN]

There's a lot of land in the downtown Miami area. We're going to see a few more of these megaprojects I bet.

[UrbanImpact]

Originally Posted by BrandonJXN

There's a lot of land in the downtown Miami area. We're going to see a few more of these megaprojects I bet.

Yes, but unfortunately only a small portion of downtown can build higher than 1,000 ft due to height limits from flight paths. This assemblage is in that small portion so here's to hoping for something truly grand.

[N830MH]

Originally Posted by UrbanImpact

Yes, but unfortunately only a small portion of downtown can build higher than 1,000 ft due to height limits from flight paths. This assemblage is in that small portion so here's to hoping for something truly grand.

Yeah, they cannot go up 1,000 feet high. Because FAA says no. They cannot allowed more than 1,000 feet high. They have to be lower. Due to height restrictions.