Moishe Mana expands downtown Miami assemblage with $12M purchase
Miami Beach investor Andrew Mirmelli sold the land to Mana
Downtown Miami’s largest private property owner is still adding to his assemblage.
Mana, who has envisioned transforming his real estate into the Mana Common tech and cultural hub, bought the half-acre parking lot at 49 Northwest First Street for $12.4 million, according to a news release.
Miami Beach investor Andrew Mirmelli, manager of M&M Parking, sold the property. Mirmelli, through an affiliate of his parking lot company, bought the land for $3.9 million in 2013, property records show.
Mika Mattingly of Colliers brokered the deal.
Mana’s latest purchase comes as he has been making some progress on his long-hyped but slowly executed plan to create a mixed-use development for global startups with offices, residences, a hotel, and a food and spice market.
Mana has started construction, including the renovation of the 13-story office building at 155 South Miami Avenue, which Mana will name the Nikola Tesla Innovation Hub. He bought this and the adjacent four-story parking garage at 26 Southeast First Street for $32 million in 2015.
The more recent parking lot purchase comes on the heels of Mana scooping up the two buildings at 62 Northeast First Street and 41 East Flagler Street for $27.2 million in June.
In total, Mana has spent over $400 million on more than 60 properties spanning over 1.3 million square feet.