Israeli businessman Moishe Mana picked up another Flagler Street building, adding to an assemblage. Mana has now acquired some 200,000 square feet of retail space in the area.
The 1938-built structure was the former W.T. Grant Store — at one time the highest-grossing store in the chain. Now dubbed the Flagler Jewelry Center, the 21,000-square-foot building features an arcade layout. The transaction has not been recorded by Miami-Dade County.
“Mana envisions Flagler Street returning to its former grandeur. It just takes one person with a vision to ignite the process, and Moishe Mana is that person“ broker Mika Mattingly said in a press release. Mattingly and Shai Ben-Ami of Sterling Equity Commercial represented Mana’s company in the deal.
Miami-Dade commissioners recently approved a $13 million improvement plan for Flagler Street. – Christopher Cameron