Moishe Mana buys downtown Miami office penthouse

Mana will use the unit as office space for his team

TRD MIAMI /
Oct.October 21, 2016 12:15 PM
100 East Flagler Street and Moishe Mana

100 East Flagler Street and Moishe Mana

Investor Moishe Mana paid $1.7 million for the penthouse office condo at a Wells Fargo building in downtown Miami.

Mana bought the two-story penthouse at 100 East Flagler Street, a 7,609-square-foot condo with 10 offices on the top floor, three on the second floor and two conference rooms, according to broker Fabio Faerman.

Faerman and Eduardo Citcioglu of Fortune International Realty/FA Commercial Advisors represented the seller, while Mika Mattingly of Colliers International South Florida represented Mana.

The price breaks down to about $223 per square foot.

Mana will use the unit as office space for his team in addition to Mana Wynwood. The New Jersey and Miami-based developer is amassing a portfolio of properties on and near Flagler Street in downtown Miami, spending more than $300 million in the process in recent years.

His last big ticket purchase was the Biscayne Building at 19 West Flagler Street. Mana paid $24.5 million to acquire the 14-story tower. He plans to eventually redevelop his portfolio into retail, office and residential projects.

In July, Mana received approval for a 49-story, micro-unit apartment tower at 200 North Miami Avenue. – Katherine Kallergis


Related Articles

arrow_forward_ios
Ross Dress for Less

Ross Dress for Less signs lease at historic former Burdines building in downtown Miami

From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

Hotusa Hotels buys the redeveloped Langford for $37M

235 Southeast 1st Street, Mika Mattingly and Cecilia Estevez

Downtown Miami office building hits market, brokers expect sale price to top $30M

From left: Santiago Vanegas, Harvey Hernandez, David Arditi, and Russel Galbut

In a sluggish condo market, these Miami developers find a sweet spot

Jon Paul Pérez, Jorge Pérez and the downtown Miami skyline (Credit: iStock)

Miami’s biggest condo developer is going micro

Renderings of 400 Biscayne and Kevin Maloney 

Developers land $162M loan for downtown Miami co-living tower

Brickell office skyline (Credit: iStock)

Office construction in Miami hits a new record

275 Northeast First Street and Sergio Rok (Credit: Google Maps)

Sergio Rok adds to downtown Miami portfolio

arrow_forward_ios