MIAMI-An affiliate of Hyperion Group, Hyperion Onyx Partners, has bought the unsold 40 Onyx units on the Bay condominium in Miami for $7 million, the price assigned by the bankruptcy court.
An affiliate of Miami-based BAP Development Group, Biscayne Bay Lofts, made a settlement in court so that the unsold units can be purchased. The Onyx condo, a 28-story tower, contains 118 residences. The 40 units acquired by Hyperion include a 60,152-square-foot living area and terraces. For the full story, go to South Florida Business Journal.
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