Biscayne Development Partners bought the land from Florida East Coast Railway LLC, a subsidiary of publicly-traded Florida East Coast Industries Inc., for $34.5 million.

The property is located between Northeast 29th St. and 36th St. in the city's historic Florida East Coast Corridor, which goes along the Florida East Coast rail line south of the city's Design District and north of its Performing Arts Center.

Buena Vista Yards will have "a significant number of residential units as well as diversified retail space including restaurants and entertainment venues," says Edie Laquer of Laquer Corporate Realty Group, which brokered the sale.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.