Edgewater condo tower’s retail space sells for $15M

The commercial space is occupied by a Chase bank branch and restaurants 3 Chefs, Pizza Pazza, Natural Chicken Grill and Sake Room

Miami /
Mar.March 24, 2020 04:30 PM
295 18th Street (Credit: Google Maps)

295 18th Street (Credit: Google Maps)

The commercial space in an Edgewater condo tower sold for $15.45 million.

Biscayne Plaza II LLC, led by Javier Cevera, sold the 11 commercial condos at 1800 Biscayne Plaza to Delorean Holdings LLC, led by Daniel Serber, a lawyer in Aventura, records show. The commercial space totals 20,036 square feet, equating to a price of $771 per square foot, according to records.

The space at 295 18th Street is occupied by a Chase bank branch and restaurants 3 Chefs, Pizza Pazza, Natural Chicken Grill and Sake Room.

Delorean Holdings LLC scored a $10 million loan from City National Bank of Florida to acquire the property, records show.

The 22-story, 195-unit 1800 Biscayne Plaza condo tower was developed by Melo Group in 2005, according to Melo Group’s website. It is in front of Publix and close to Margaret Pace Park.

Miami’s Edgewater is seeing an influx of new luxury apartment and condo developments. OKO Group, led by Russian billionaire Vlad Doronin, is building the 57-story, 249-unit  Missoni Baia condo tower at 777 Northeast 26th Terrace. Meanwhile, Two Roads Development recently topped off its 57-story waterfront Elysee luxury condominium at 788 Northeast 23rd Street in Edgewater.


Related Articles

arrow_forward_ios
Aimco's Wes Powell with Edgewater (Aimco) Miami, High Rise
Aimco plans 60-story apartment tower on waterfront site in Miami’s Edgewater
Aimco plans 60-story apartment tower on waterfront site in Miami’s Edgewater
A rendering of the planned project with the Two Roads principals Reid Boren and Taylor Collins (Two Roads Dev)
Two Roads closes on $150M bulk condo purchase in Edgewater, plans three towers
Two Roads closes on $150M bulk condo purchase in Edgewater, plans three towers
PR Group Florida's Christophe Petit and Julien Ridon and Octavio Maza with 423 Northeast 27th Street (Vendôme Capital, Porosoff Group, Google Mpas, iStock)
Vive la Miami: French developer acquires Edgewater site for $15M for first U.S. project
Vive la Miami: French developer acquires Edgewater site for $15M for first U.S. project
Rendering of Two Roads Development’s planned 3-tower redevelopment of the Biscayne 21 condo property in Miami with Taylor Collins of Two Roads Development (Two Roads Development)
Two Roads plans bulk purchase of bayfront Miami condo building, to replace with luxury towers
Two Roads plans bulk purchase of bayfront Miami condo building, to replace with luxury towers
Madison Realty Capital’s Brian Shatz, Josh Zegen and Diana Group's Jaime Murra with 430 Northeast 31st Street (Concordia, Google Maps)
Colombian developers score $55M construction loan for Edgewater apartment project
Colombian developers score $55M construction loan for Edgewater apartment project
Broker Miguel Pinto with developers Toby Moskovits, and Harvey Hernandez, who all have projects planned in Greater Downtown Miami (APEX Capital Realty, Moskovits via Sasha Maslov, iStock)
As dev site prices soar in Miami, buyers play a “dangerous game”
As dev site prices soar in Miami, buyers play a “dangerous game”
 Rendering of Nema Miami with Russell Galbut and Bruce Menin (Crescent Heights)
Russell Galbut’s Crescent Heights scores $224M loan for Whole Foods-anchored Edgewater project
Russell Galbut’s Crescent Heights scores $224M loan for Whole Foods-anchored Edgewater project
From left: Trilogy Real Estate Group's CIO Jesse Karasik and CEO Neil Gehani in front of the property at 2201 Northeast Second Avenue (LinkedIn/Neil Gehani, LinkedIn/Jesse Karasik, Apex Capital Realty)
Chicago firm pays $31M for Opportunity Zone dev site for apartments in Edgewater
Chicago firm pays $31M for Opportunity Zone dev site for apartments in Edgewater
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...