Miami’s Filling Station project sells for $9.2M

The long-stalled Filling Station project in downtown Miami has sold for $9.2 million, The Real Deal has learned. The deal for the site closed Wednesday; it is the last unfinished condo project in the greater downtown Miami area. Metro 1 Commercial President Tony Cho, along with commercial associates Fabian Graff and Mika Mattingly represented the buyer, FLS Development, in the deal. The seller, PAC Capital, was represented by Robert Kaplan of Ackman-Ziff. FLS Development is planning to invest $11 million to complete the project by the first quarter of 2014, which includes 81 loft apartments and ground-floor retail. —Alexander Britell