Wal-Mart acquires Midtown Miami site for $8M

3055 North Miami Avenue in Miami
3055 North Miami Avenue in Miami

Two months after Miami officials approved Wal-Mart’s plans for a Midtown store, the Arkansas-based corporation paid $8.2 million for the site.

Ohio-based DDR Miami Avenue, run by James Farrell, opted to unload the 4.6-acre site at 3055 North Miami Avenue.

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Residents of Midtown, a new, master-planned community near the artsy Design District, have been appealing Wal-Mart’s Class 2 permit, arguing that the store will clash with its neighbors, as previously reported.

The city approved an architectural design permit in August. [South Florida Business Journal]Mark Maurer