Edie Laquer flips South-of-Fifth site for $8.25M

Miami /
Mar.March 09, 2015 11:15 AM

A top commercial broker in Miami sold a prime piece of Miami Beach real estate after buying the South-of-Fifth lots out of foreclosure about a year ago.

Edie Laquer sold the 13,000-square-foot site at 245 to 251 Washington Avenue for $635 per square foot, according to Miami-Dade County records.

Laquer was represented by Peter Andolina and Karen Brady of Metro 1, which had the listing.

Laquer’s Sobe Second Street bought the vacant site in March 2014 for $3.95 million, according to property records. She sold it for $8.25 million last week, a South-of-Fifth record price, according to listing agents Peter Andolina and Karen Brady of Metro 1.

“The site is zoned for median-high density development and would be ideal for a luxury condominium or exclusive hotel,” Andolina said in a statement. “Approximately 22,750 square feet of development can be achieved on this site.”

Laquer, who was part of a partnership that bought the site in 2004, bought it out of foreclosure last year.

Green Card Fund Manager bought the site last week. Adam Hyatt is listed as a company manager, according to corporate records.


Related Articles

arrow_forward_ios
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Louis Puig and 333 Jefferson Avenue in South-of-Fifth (Google Maps)
Former Club Space owner buys South Beach apartments for short-term rentals
Former Club Space owner buys South Beach apartments for short-term rentals
Joseph Beard and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps)
Westdale CEO sells Miami Beach condo for $16M
Westdale CEO sells Miami Beach condo for $16M
From left: Howard Frank Auman and Patrick J. Peyton with Apogee at 800 South Pointe Drive, Miami Beach (Photos via Signature Property Group, PAMM, Sieger Suarez Architects)
Multifamily developer spends nearly $8M on Apogee unit
Multifamily developer spends nearly $8M on Apogee unit
JLL's Gregory and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps, iStock)
JLL vice chairman buys Apogee condo in South Beach for $6M
JLL vice chairman buys Apogee condo in South Beach for $6M
Jeffrey L. Gates and Apogee at 800 South Pointe Drive in Miami Beach (LinkedIn, Google Maps)
Hedge fund founder spends $14M on Apogee condo in South Beach
Hedge fund founder spends $14M on Apogee condo in South Beach
Ronald Dickerman and Wendy Wilshin with Michael Caine and Apogee at 800 South Pointe Drive (Getty, Patrick McMullan/Getty)
Private equity head buys Michael Caine’s former South Beach condo
Private equity head buys Michael Caine’s former South Beach condo
Greg Mirmelli and Murano at Portofino (Getty)
Greg Mirmelli buys Murano at Portofino condo for $6M
Greg Mirmelli buys Murano at Portofino condo for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...