Related Group And Two Roads Development Acquire Bal Harbour Condo For $130M

The sale of a condominium unit located at 10245 Collins Avenue in Bal Harbour has been completed. The property, consisting of 88 units, was sold for a total price of $130,000,000. The sale price translates to an average price per unit of $1,477,272. The condo spans across 3 acres, resulting in a price per acre of $43,333,333. The buyers of the property were Related Group and Two Roads Development, represented by Reid Boren and Taylor Collins.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $130,000,000
• Address: 10245 Collins Avenue
• Market: Bal Harbour
• Units: 88
• Price per Unit: $1,477,272
• Acres: 3
• Price per Acre: $43,333,333

The successful sale was facilitated by the representatives of Related Group and Two Roads Development - Reid Boren and Taylor Collins. This transaction signifies the significant investment made by both companies in the Bal Harbour market.