DWNTWN Realty Advisors Managing Partners Tony Arellano and Devlin Marinoff closed a high-profile transaction on Friday, Aug. 20 in Miami’s Design District. The transaction involved the sale of a development site located at 170 NE 38th Street. The buyer, Harbour Outdoor, a prominent Australian furniture designer, purchased the site for $6.5 million. The site will soon be transformed into a flagship showroom for Harbour Outdoor.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,500,000
• Address: 170 NE 38th Street - Design District, Miami

The buyer's representatives, Aaron Labovitz and Brandon Lumish of ABL Real Estate Partners, along with Joyce Gato from Douglas Elliman Real Estate, facilitated the transaction on behalf of Harbour Outdoor. Tony Arellano, P.A., and Devlin Marinoff, from DWNTWN Realty Advisors, acted as the seller's representatives. The parties involved in the deal have successfully closed this transaction, marking a significant milestone for the Design District in Miami.