MIAMI-The Related Group is reportedly under contract to acquire 444 Brickell Ave. for approximately $100 million.
The four-acre-site, home to the Capital Grille, is one of the most sought after parcels in Miami, according to the South Florida Business Journal. The deal, which is expected to close soon, would be the second major purchase along Brickell Avenue in recent months. Earlier, Swire paid $64 million for 700 Brickell and is planning to build a high-rise development at the site.
The Related Group, led by its chairman and CEO Jorge Perez, built an 1,800-unit development nearby and is one of busiest developers in the Brickell area market. See story in the South Florida Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
