Whole Foods in downtown Miami sells for $20M

Miami /
Apr.April 21, 2015 04:45 PM

Edens Investment Trust reportedly paid $19.6 million for the new Whole Foods Market in downtown Miami.

P&G Development was the seller, the South Florida Business Journal reported. The Miami-based company sold the retail space and underground parking to an Edens affiliate. The 41,000-square-foot space is in the 462-unit Met 3 development, which recently topped off construction.

Koniver Stern’s Lyle Stern represented P&G, according to the publication.

“What Whole Foods means to downtown Miami at this point in time is really important,” he said to the South Florida Business Journal. “It validates the strength of the market. Just look at how busy it is. It’s another piece of what makes a community livable.”

Met 3 was designed by Miami-based Nichols Brosch Wurst Wolfe & Associates and developed by MDM Group. MDM’s next downtown Miami project, Met Square, will begin development soon. [South Florida Business Journal]Katherine Kallergis


Related Articles

arrow_forward_ios
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
Alina Residences in Boca Raton (Alina Residences)
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
Nathan Reiber was the developer for Champlain Towers South in Surfside (Getty, Levitt-Weinstein Obituary)
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Rendering of Boca Ice and Fine Arts Center courtesy of Peninsula Ice LLC 
Ice skating gliding into Boca: Arena developers score $14M construction loan
Ice skating gliding into Boca: Arena developers score $14M construction loan
Steven Witkoff and 700 North Miami Avenue (Google Maps)
Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter
Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter
Asher Abehsera and Jonathon Yormak with 2400-2500 North Miami Avenue (Google Maps)
LIVWRK in contract to buy Wynwood assemblage from East End Capital
LIVWRK in contract to buy Wynwood assemblage from East End Capital
The Estate Companies Principal Jeff Ardizon and Managing Principal Robert Suris with a rendering of the project. (Estate)
Estate Companies scores $76M construction loan for North Miami Beach apartments
Estate Companies scores $76M construction loan for North Miami Beach apartments
The site and renderings of Premium Development’s nearby project. (Premium Development)
Multifamily developer buys piece of Little Havana assemblage
Multifamily developer buys piece of Little Havana assemblage
arrow_forward_ios

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

Loading...