Related Group & Two Roads Development Acquires Development Site In Bal Harbour For $130M

An development site located at 10245 Collins Avenue in Bal Harbour was recently sold for a total of $130,000,000. The property has a total of 88 units and a building square footage (BSF) of 325,360. The price per building square footage (PPBSF) was approximately $340. The transaction took place on August 26, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $130,000,000
• Address: 10245 Collins Avenue
• Market: Bal Harbour
• Units: 88
• BSF: 325,360
• PPBSF: $340

The buyers of the development site were Related Group and Two Roads Development. The sale was facilitated by brokers Jaret Turkell, Scott Wadler, Omar Morales, and Jon Sultan of Berkadia.