A family foundation paid $5.3 million for 3.9 acres of land near Miami Shores to build a private, non-profit Jewish day school, The Real Deal has learned.
The Ades Family Foundation, the philanthropic arm of Aventura-based Kawa Capital Management’s managing partner and chief investment officer Daniel Ades, bought the assemblage at 855, 975 and 995 Northwest 95th Street and at 900, 910 and 920 Northwest 96th Street.
Jamie Rose Maniscalco with Apex Capital Realty brokered both sides of the deal. The entire assemblage is in an Opportunity Zone.
Ades told TRD that he hopes to build a 60,000-square-foot, as-yet-unnamed school that would open in 2023. Construction will likely start a year from now on the middle and high school, he said.
His family’s foundation bought the 95th Street land, totaling 3.44 acres and $4.7 million, from the Peroni Family Trust, records show. George Peroni was an electrical engineer and inventor who died in February at age 93, according to his obituary.
The foundation bought the 96th Street land from Sunshine Realty Enterprise for $620,000, according to records. Sunshine, led by Giancarlo Gutierrez, Enrique M. Socias and Pieor Pezzia, had bought the land as part of a 2018 deal for $415,000, records show. The land features some buildings constructed in the 1950s.
Past Kawa real estate deals include $42.5 million to acquire a development site in downtown Miami in 2016.
In August, Kawa became the first to sign a lease for office space at Onyx Tower, which is under construction at 1010 South Federal Highway in Aventur. It is part of the Optima office complex.
Among other recent South Florida land deals, a company tied to the Easton Group bought an 8.4-acre property in Hialeah Gardens for $8.2 million, and the Melo Group picked up another site in Miami’s Arts & Entertainment District near Edgewater.