(Crystal Proenza is associate editor of Real Estate Florida.)

AVENTURA-Biscayne Medical Properties LLC has sold a vacant 43,000-square-foot commercial development site to a Mexico City-based group for $5.5 million. The seller bought the vacant land with the intention of finding a developer to buy it, says Michael Stein, managing director of Miami-based Aztec Group, the exclusive representative for the property.

“The new owner plans to construct an office building, and with the proximity to Aventura Hospital [within 1,000 feet] will probably market some of the space to doctors,” Stein tells GlobeSt.com. The site, located on Biscayne Boulevard along the county line between Miami-Dade and Broward across from Gulfstream Park Racing & Casino, has been approved for a 70,000-square-foot medical office building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.