MIAMI—As developers continue eyeing Miami for new projects, two multi-parcel sites in have traded hands. Metro 1 Commercial sold the sites for nearly $8.5 million.
The first site is a multi-parcel site located at 346 NE 26 Terrace. This prime development site is on Biscayne Boulevard in the Edgewater submarket.
Mecca LlC sold that 47,415-square-foot parcel sold for $7.6 million, or about $160 per square foot to an undisclosed buyer planning to develop an office building on the site. Metro 1 Commercial's Peter Andolina and Tony Cho represented the buyer in this transaction.
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