Moishe Mana’s not done yet, picks up downtown Miami lot

He paid $618 psf for a vacant lot on Northeast First Street

TRD MIAMI /
Nov.November 16, 2017 11:30 AM

Moishe Mana and the lot at 151 Northeast First Street in downtown Miami (Credit: Google Maps)

Moishe Mana is still in buying mode.

The investor and developer just paid $9.27 million, or $618 per square foot, for a 15,000-square-foot lot at 151 Northeast First Street in downtown Miami, according to Mika Mattingly of Colliers International South Florida. It brings his grand total in downtown Miami to more than $267 million spent on 42 properties.

Mattingly represented Mana, and Jay Chung of Elijah Venture Corp. represented the seller, Erie Corporation. The sale has not yet been recorded online.

Records show Mana owns the narrow building to the immediate west at 145 Northeast First Street, which he acquired in 2014 for $2.13 million. That building is next to the Dade-Commonwealth building, which sold in 2015 to a joint venture between a sister fund of Paris-based Beekman REIM and Immocorp Capital, with plans to convert the property into a hotel. And around the corner from that is where WeWork will open its flagship Security Building location next month.

In June, a company controlled by Mana paid $4 million, or $667 per square foot, for the 6,000-square-foot lot at 30 East Flagler Street, giving him control of about half of that city block anchored by Macy’s.

He now owns 1 million square feet of building space and 8 acres of land in the Flagler area of downtown Miami. Mattingly, who’s handled most of those acquisitions, said he’ll unveil his plans for the area “in the months to come.” That includes converting the properties into retail, office and residential. Zyscovich Architects is designing the project.

In Wynwood, Mana has amassed 40 acres where he plans to build the Mana Wynwood Americas-Asia Trade Center & International Financial Center, a trade hub and cultural campus set to break ground next year.


Related Articles

arrow_forward_ios
Renderings of the project with Yair Levy

Diamond in the rough? Downtown Miami Metro Mall to get $35M makeover

Moishe Mana and 201 Southwest First Street (Credit: Google Maps)

Mana buys more land in downtown Miami for master plan

One Thousand Museum and Ravichandra Saligram 

Consumer conglomerate CEO buys condo at One Thousand Museum

Zaha Hadid and One Thousand Museum (Credit: Getty Images)

PHOTOS: Inside Zaha Hadid’s Miami tower

Olympia Theater (Credit: Getty Images)

Maurice Gusman heirs sue city of Miami to regain ownership of Olympia Theater

Rendering of downtown Miami courthouse to be built by Plenary Group and Miami-Dade County

All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project

Moishe Mana and 25 West Flagler Street

Moishe Mana buys City National Bank building in downtown Miami

One Thousand Museum and Krinos owner Eric Moscahlaidis

Krinos Foods owner revealed as buyer of One Thousand Museum condos

arrow_forward_ios
Loading...