Doral mayor’s son buys Buena Vista church near Design District

Investors are looking north as Design District expands

TRD MIAMI /
Apr.April 30, 2015 03:00 PM

Doral investors — linked to the city’s mayor — picked up a 5,483-square-foot site of a neighborhood church in west Buena Vista, continuing a trend of properties trading in the area northwest of Miami’s Design District.

The property, at 4314 Northwest Second Avenue,  sold for $515,000, The Real Deal has learned.

BD 4314 NW 2nd Avenue LLC was the buyer. Alexander Boria and Julio Delgado are listed on its corporate records with an address tied to a construction company in Doral. Alexander is the son of Doral mayor Luigi Boria, who was involved in an ethics investigation over a Doral development in 2007, Florida Watchdog reported last year. The Boria family owns real estate in South Florida. The Venezuelan family also owns TWC The Wise Computer, a firm that distributes electronics in Latin America.

Jon Gerszberg and Andy Charry of Marcus & Millichap represented the buyer, who they said has plans to reposition the property.

“I don’t think anything major is going to happen for years,” Gerszberg told TRD. “They’re buying to maybe sell in five to seven years.”

Next door, Miami Beach-based Wynwood Commercial Properties paid $665,000 for the 10,428-square-foot lot in February, Miami-Dade County property records show. Two blocks north, a grocery store at 4501 Northwest Second Avenue sold this week for $800,000.

The Design District spans roughly 10 square blocks, and when completed, will have 1.2 million square feet of mixed-use space. Developer Craig Robins, president and CEO of Dacra, is transforming the area into a luxury shopping destination, which will eventually include a hotel, office and residential.


Related Articles

arrow_forward_ios
Michael Betancourt, Tyler Kuhlman & Dustin Ozga

Movers & Shakers: Colliers hires new brokerage director & more

Movers & Shakers: Colliers hires new brokerage director & more
Mihaela Coprean and Alfonso Costa Jr.

Movers & Shakers: Falcone Group hires HUD’s former deputy chief of staff, Metropica taps biz development director & more

Movers & Shakers: Falcone Group hires HUD’s former deputy chief of staff, Metropica taps biz development director & more
Michael S. Sheitelman and Josh Bank

Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more

Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more
Remy Jacobson, Jean-Marc Jacobson, 4141 North Miami Avenue (Credit: Google Maps and REALTOKEN)

Remy Jacobson allegedly in default on Design District loan: lawsuit

Remy Jacobson allegedly in default on Design District loan: lawsuit
Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings
Vlad Doronin, Len Blavatnik, and 3425 Collins Avenue (Credit: Google Maps, Gesi Schilling, and Mark Neyman / GPO)

Developer of Aman-branded towers in Miami Beach scores $35M loan

Developer of Aman-branded towers in Miami Beach scores $35M loan
Clockwise from top left: 3995 North Miami Ave., 5 Northeast 39th St., 1 Northeast 40th St. through 35 Northeast 40th St. (Credit: Google Maps, iStock)

Lender lists troubled RedSky’s Miami Design District portfolio

Lender lists troubled RedSky’s Miami Design District portfolio
Renderings of Miami Plaza and Carlos and Martin Melo

Melo Group launches preleasing for latest A&E rental tower

Melo Group launches preleasing for latest A&E rental tower
arrow_forward_ios

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

Loading...