Koshiro Komoto Of Kasumigaseki Capital Acquires Development Site From Marc Roberts For $88.75M

A development site located at 155 Northwest 10th Street in Miami has been sold for $88,750,000. The asset spans 1.4 acres and is part of the Miami Worldcenter district. The approved site is designated for a planned 53-story mixed-use tower featuring 351 condos, 280 hotel rooms, and retail space. The deal includes $45 million in seller financing.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $88,750,000
• Buyer: Koshiro Komoto - Kasumigaseki Capital
• Seller: Marc Roberts - E11EVEN Miami
• Location: 155 Northwest 10th Street, Miami
• Site Area: 1.4 acres
• Approved Plans: 53-story mixed-use tower with 351 condos and 280 hotel rooms
• Market: Miami
• Seller Financing: $45 million

Koshiro Komoto represents Kasumigaseki Capital in the acquisition from Marc Roberts, who represents E11EVEN Miami. This transaction marks progress in the development efforts within the expansive 27-acre Miami Worldcenter district, guided by the Falcone Group.