Rubell family buys Allapattah warehouse for $8.4M

Miami /
Mar.March 10, 2016 12:00 PM

A company tied to the Rubell family has purchased a warehouse west of Wynwood in Miami’s Allapattah neighborhood.

Miami-Dade County records show Fresh 1101 LLC, an entity managed by Jason and Mera Rubell, paid $8.35 million for the 50,225-square-foot building at 1101 Northwest 23rd Street in Miami. The Rubells own Rubell Hotels, which owns the Albion Hotel in Miami Beach, as well as the Rubell Family Collection and Contemporary Arts Collection in Wynwood.

Financing was not recorded as part of the sale.

The warehouse sits on a 2.1-acre lot and was built in 2001, according to property records. Nero Partners LLC, managed by Robert L. Netkin, sold the building. The company paid $3.125 million for the Allapattah site, which is zoned for industrial development, in 2012.

The Rubells listed the retail space at 311 Lincoln Road, next to the Albion, for sale last year. The family isn’t the only Wynwood investor to head west across I-95. Moishe Mana acquired the former MacArthur Dairy site at 2451 Northwest Seventh Avenue in July for $8.5 million. That site is zoned T6-8-0, which allows for 150 units per acre.


Related Articles

arrow_forward_ios
1396 Northwest 36th Street with Integra's Paulo Tavares de Melo and EHDOC's Melanie Ribeiro (Photos via Getty; LinkedIn)

Integra, partner move forward with $58M senior housing project in Allapattah

Integra, partner move forward with $58M senior housing project in Allapattah
1930 Northwest 23rd Street with (from left) Shane Neman, Richard Kilstock and David Aaron (Getty, Arkadia, Neman Ventures)

Arkadia buys cold storage warehouse in Allapattah for $5M

Arkadia buys cold storage warehouse in Allapattah for $5M
Rendering of the project, Richard Paul Richman, Deme Mekras and Elliot Shainberg

Richman plans senior housing on Allapattah Opportunity Zone property

Richman plans senior housing on Allapattah Opportunity Zone property
Lissette Calderon and a rendering of the site

Lissette Calderon buys land for third rental project in Allapattah

Lissette Calderon buys land for third rental project in Allapattah
Daniel Odess and Matthew Sengsourinh with the properties

GlobalPro Ventures plans projects in Allapattah, Coconut Grove

GlobalPro Ventures plans projects in Allapattah, Coconut Grove
1400 Northwest 20 Street and CFH Group's Tom Cabrerizo (Credit: Google Maps)

CFH Group picks up Allapattah bank branch

CFH Group picks up Allapattah bank branch
From top left, clockwise: Wynwood 28, the Allapattah apartment building, Miami Riverside Center, and the Target-anchored mixed-use project in Miami’s Overtown

Miami board approves 5 major mixed-use, multifamily projects

Miami board approves 5 major mixed-use, multifamily projects
From top left, clockwise: Wynwood 28, the Allapattah apartment building, Miami Riverside Center, and the Target-anchored mixed-use project in Miami’s Overtown

Mixed-use projects from Swerdlow, Kushner, TSG Group proposed in Miami

Mixed-use projects from Swerdlow, Kushner, TSG Group proposed in Miami
arrow_forward_ios

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

Loading...