Moishe Mana expands Allapattah portfolio

He now controls two blocks west of I-95

Aug.August 22, 2018 12:30 PM

2301 Northwest Seventh Avenue and Moishe Mana (Credit: Getty Images)

UPDATED Aug. 22, 4:45 p.m.: Moishe Mana is expanding his holdings in Allapattah.

The Wynwood and downtown Miami investor paid $5 million for a 1.46-acre assemblage at 2301 Northwest Seventh Avenue, broker Ari Dispenza told The Real Deal. The sellers are Jose Holdings, Seventh Avenue Holdings and R & R Real Investments, all companies led by Jorge Salazar.

The deal included the lots at 675 and 685 Northwest 23rd Street; 664 and 680 Northwest 24th Street; 2315, 2319, 2335 and 2343 Northwest Seventh Avenue. Jay Ziv of Avison Young and Mark Brooks of CREC represented the seller, and Dispenza of Central Commercial Real Estate represented Mana. It closed on Tuesday and includes about 16,000 square feet of building space.

Mana already owns the rest of that block and the entire block immediately north at 2451 Northwest Seventh Avenue, which he acquired in 2015 for $8.5 million from an affiliate of Pinnacle Housing Group.

That means he now controls 6.64 contiguous acres on the west side of I-95, in addition to his Wynwood assemblage on the east side of the highway. Mana has yet to reveal his plans for Allapattah and could not immediately be reached for comment.

Allapattah, an industrial neighborhood west of Wynwood and east of Miami International Airport, has attracted investors like Robert Wennett, the Rubell family, Michael Simkins and Lyle Stern.

Mana’s Allapattah holdings are east of Wennett’s Miami Produce Center assemblage. Wennett, known for developing the Miami Beach mixed-use parking garage 1111 Lincoln Road and selling it for $283 million, submitted a special area plan to the city of Miami that calls for an eight-building complex with residential, office, retail, hotel and school components on the Miami Produce Center land. That project is being designed by Danish starchitect Bjarke Ingels. 

An earlier version of this story misidentified the seller’s broker. 

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