The Real Deal Miami

Finnegan’s Bar property sold for $11.5M

New York-based developer looking to build 60-story towers
July 09, 2014 04:30PM

From left: Meyer Chetrit and Finnegan's Miami River

From left: Meyer Chetrit and Finnegan’s Miami River

The Finnegan’s bar property at 401 S.W. Third Avenue has traded hands.

New York developer Meyer Chetrit’s CG Miami River bought the Finnegan’s bar property on the Miami River for $11.5 million and is planning to build a condo building at the site.

The 39,495-square-foot property was sold to Chetrit’s firm by Ocean Drive Clevelander, which is led by Anthony Karpawich.

The 10,871-square-foot bar currently includes a pool along the river.

According to Miami Today, Chetrit Group submitted plans to the Miami River Commission to build a 60-story condo development that will include 1,449 units, a marina and a hotel. [Bizjournals] — Claire Moses