Taubco sells 5.8-acre site on Biscayne for $16M

Zoning for the commercial property includes a 186,201 sf hotel

TRD MIAMI /
Jul.July 28, 2015 10:30 AM

Bay Harbor Islands developer Taubco has flipped a development site on Biscayne Boulevard for $16.16 million, according to Miami-Dade County records. 

A Taubco affiliate sold the vacant land at 11150 Biscayne Boulevard in Miami. Companies tied to Hamden, Connecticut-based Belfonti Companies and Uniondale, New York-based Arbor Realty Trust are the buyers, records show. AMAC Holdings, a separate entity of Arbor, is the partial owner, a spokesperson told The Real Deal. AMAC would not comment on the sale.

The 5.8-acre property is zoned for commercial development, including a 186,201-square-foot hotel. It last sold for $3.28 million in 2012, according to Miami-Dade property records.

The 3.22-acre site directly north is also vacant and being marketed as a development opportunity. It’s listed for $8.95 million, according to Loopnet. And across the street, the 8-acre, vacant waterfront property at 11295 Biscayne Boulevard, was also marketed for sale as a development opportunity.

In May, an investment group led by Nancy Karp paid $2.7 million for the commercial building at 11601 Biscayne Boulevard, a few blocks north of 11150 Biscayne.


Related Articles

arrow_forward_ios
Rendering of Crescent Heights’ project with Russell Galbut

Crescent Heights to begin construction of massive Edgewater project

Crescent Heights to begin construction of massive Edgewater project
Developer completes Edgewater assemblage for Urbanica Hotel

Developer completes Edgewater assemblage for Urbanica Hotel

Developer completes Edgewater assemblage for Urbanica Hotel
Crescent Heights plans major mixed-use project in Edgewater

Crescent Heights plans major mixed-use project in Edgewater

Crescent Heights plans major mixed-use project in Edgewater
Verzasca sells Edgewater site where it planned rental tower

Verzasca sells Edgewater site where it planned rental tower

Verzasca sells Edgewater site where it planned rental tower
Urbanica buys Edgewater site for mixed-use hotel

Urbanica buys Edgewater site for mixed-use hotel

Urbanica buys Edgewater site for mixed-use hotel
Edgewater investor sells development site on Biscayne Boulevard

Edgewater investor sells development site on Biscayne Boulevard

Edgewater investor sells development site on Biscayne Boulevard
Retail rents are rising in Miami-Dade: Q1 report

Retail rents are rising in Miami-Dade: Q1 report

Retail rents are rising in Miami-Dade: Q1 report
Israeli investor buys Miami apartment building

Israeli investor buys Miami apartment building

Israeli investor buys Miami apartment building
arrow_forward_ios

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

Loading...