The Real Deal Miami

Miami River lot sells for $28.2 million to affiliate of Mexico’s Cabi

June 22, 2012 01:30PM

An affiliate of the Mexico-based Cababie family, which works as Cabi Development, has paid $28.2 million for a lot on the Miami River, the South Florida Business Journal reported. Cabi developed the former Everglades on the Bay condominium complex that is now downtown Miami’s Vizcayne. The company sold the site to an affiliate of Millennium Partners, which developed Miami’s Four Seasons tower. [SFBJ]