The Real Deal Miami

Citisquare delays Herald land closing

June 30, 2009 06:02PM

Citisquare Group has pushed back the closing date for its purchase of 10 acres next to the Miami Herald building until the end of the year. The deal was supposed to close today after a previous extension in January. Developer Pedro Martin’s Terra Group had originally contracted to buy land for $190 million in 2005. Martin then made a deal to flip the contract to Citisquare for $230 million. The proposal for the site included two residential towers and a retail complex. [SFBJ] and [Miami Herald]