Family foundation pays $5M for land in Miami Shores, plans private Jewish school

Construction should start next year

Miami /
Oct.October 19, 2020 03:30 PM
Jamie Rose Maniscalco and Daniel Ades with the property

Jamie Rose Maniscalco and Daniel Ades with the property

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.


Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty)
Mansions on hold: Deals delayed because Palm Beach private schools at capacity
Mansions on hold: Deals delayed because Palm Beach private schools at capacity
From left: Integra Investments' Nelson Stabile, Victor Ballestas, and Paulo Melo with 11295 Biscayne Boulevard
Integra JV lands $101M construction loan for Biscayne Shores project
Integra JV lands $101M construction loan for Biscayne Shores project
Steven Swanson II with the Walgreens at 9020 Biscayne Boulevard (LinkedIn, JLL)
Chicago investor flips Miami Shores Walgreens for $8M
Chicago investor flips Miami Shores Walgreens for $8M
9455 Northwest 40th Street Road in Doral (Google Maps)
Cold-storage to classrooms: School pays $13M for Doral warehouse, retrofitting as campus
Cold-storage to classrooms: School pays $13M for Doral warehouse, retrofitting as campus
A Biscayne Boulevard development site between Miami Shores and North Miami hit the market for $11M. (Jio Realtor)
Biscayne Boulevard dev site hits market for $11M
Biscayne Boulevard dev site hits market for $11M
Íntegra Investments CEO Paulo Tavares de Melo, 11295 Biscayne Boulevard
Integra, partners pick up waterfront dev site next to Jockey Club for $16M
Integra, partners pick up waterfront dev site next to Jockey Club for $16M
From left: TPG's David Bonderman, Value Store It's Carlos Diaz, and TPG's Jim Coulter with 2400 Glades Circle
TPG, Value Store It pay $19M for Weston self-storage facility
TPG, Value Store It pay $19M for Weston self-storage facility
Dion De Cesare with 900 North Congress Avenue (Google Maps, Broward County, Getty)
Criminally charged ex-West Palm club owner’s properties face forfeiture
Criminally charged ex-West Palm club owner’s properties face forfeiture
arrow_forward_ios

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

Loading...