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Midtown 6 site in Midtown Miami sells for $28M

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Is official, Midtown 6 site in Midtown Miami sells for $27.9 million. Real estate investor Alex Vadia just sold the 2.14 acre site to a partnership between his company Midtown Development and Chicago based Magellan Development Group.

Midtown 6 Rendering

Midtown Miami Real Estate

The companies announced the closing in a press release. Midtown 6 will be a 32 story luxury mixed-use building with 447 residential units and ground floor retail at 3101 NE 1st Ave.

Earlier this year, Magellan and Midtown Development opened Midtown 5, a 24 story tower with 400 units, 52,000 Sq. Ft. of amenity space, along with ground floor retail.

Midtown Miami is home to 4 luxury condominium buildings, including Hyde Midtown which is set for completion by the end of 2017. Midtown Miami is also home to the Shops at Midtown, which is located just a few steps from the Miami Design District and Wynwood Art District.

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About The Author
Luis Gomez

My name is Luis Gomez, Broker at LG Realty Group Inc. in Miami, Florida. LG Realty Group Inc. is a full-service, luxury real estate brokerage and lifestyle company in Miami, Florida representing clients worldwide in a broad spectrum of classes, including single-family residential, new development, residential leasing, commercial real estate and luxury vacation rental.

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