Alta acquires assemblage near Dadeland Mall for $14.4M
Miami-based Alta Developers this month paid $14.4 million for an assemblage of land on South Dixie Highway near Dadeland Mall for a mixed-use development with 400-plus apartments.
Alta, led by principal Henry Pino, paid $11 million for a 1.45-acre industrial site at 9600 South Dixie Highway. The seller was WLPW2 LLC, managed by Wendy L. Whitmire.
Alta bought two other parcels for the assemblage. The company paid $2 million for a site measuring 6,250 square feet at 9514 South Dixie Highway. The seller of the site, which has a retail building on it, was W.B.H. Corp., managed by Ben Joannou Sr.
Alta also paid $1.4 million to Dean R. Sena and Cheryl Sena for a 3,125-square-foot parcel with an office building at 9516 South Dixie Highway.
Pino told the South Florida Business Journal that Alta Developers plans to develop a mixed-use building on the three-parcel assemblage with 420 apartments, a pool and a fitness center, plus approximately 20,000 square feet of retail space on the ground floor.