Avison Young Sells Development Site On Alton Road In Miami Beach For $39.3M

A development site located at 1656-1680 Alton Road & 1677 West Ave in Miami Beach has been sold for a total price of $39,300,000. This property asset spans a total of 60,000 square feet and has a price per square foot of $655. The transaction, which took place on 06/03/2022, involved the Koniver Stern Group representing the buyer and Avison Young representing the seller.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $39,300,000
• Address: 1656-1680 Alton Road & 1677 West Ave, Miami Beach
• Market: Miami Beach
• Buyer's Rep: Noah Fox & Lyle Stern - Koniver Stern Group
• Seller's Rep: Michael T. Fay, John K. Crotty, David Duckworth & Brian C. de la Fe - Avison Young
• Total Square Footage: 60,000 SF
• Price Per Square Foot: $655

The deal was led by Noah Fox and Lyle Stern from Koniver Stern Group, representing the buyer, and Michael T. Fay, John K. Crotty, David Duckworth, and Brian C. de la Fe from Avison Young, representing the seller. This transaction marks a significant sale in the Miami Beach market, showcasing the demand for development sites in the area.