Bizzi & Partners pays $10.27M for site on Northeast 163 Street in North Miami Beach

TRD MIAMI /
Feb.February 24, 2019 03:00 PM

2101 NE 163 Street, North Miami Beach (Credit: City Feet)

New York-based Bizzi & Partners Development bought a 1.1-acre site in North Miami Beach for $10.27 million.

An affiliate of Bizzi & Partners, 2101 Aventura Property Owner LLC, acquired a storage building at 2101 Northeast 163 Street and an adjacent vacant lot.

The seller was 2101 NE 163 LLC, which is managed by Matias Larsen in Miami.

Bizzi & Partners also got an $8.5 million mortgage loan from Alcova Capital Management in connection with the property purchase.

The property last sold in 2016 for $4.9 million, less than half the price Bizzi & Partners paid.

The city government of North Miami Beach has rezoned Northeast 163 Street to allow taller and denser real estate developments.

Bizzi & Partners also is one of the developers of a Miami Beach condominium development called Eighty Seven Park. [South Florida Business Journal]Mike Seemuth


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Daily Digest Miami

Ken Griffin pays nearly $100M for Palm Beach estate, new renders of 830 Brickell office tower: Daily digest

From left: Jacob Serure, Elliot Shainberg, Deme Mekras, and Aaron Kurlansky with California Club Apartments

Coral Springs investor buys apartment complex near Aventura

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Brett David and a rendering of the auto spa

Prestige Imports plans $2M “auto spa” in North Miami Beach

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

arrow_forward_ios
Loading...