West Pine & Alta Development Acquire 0.47-Acre Brickell Development Site For $15M

The sale of Ninth Street West Brickell, a 0.47-acre development site located at 160 and 180 SW 9th Street in Brickell, Miami, has been completed. The site, zoned T6-24-0, offers the potential to build up to 200 units per acre. The seller, Progesti Corp. and Corporation, represented by Jose Nunez Key and Jaime Brugos, respectively, successfully marketed the property with the assistance of brokers Virgilio Fernandez, Gerard Yetming, and Mitash Kripalani from Colliers. The sale price for the property was $15,000,000, equivalent to $714 per square foot.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 160 & 180 SW 9th St, Brickell, Miami
• Market: Brickell, Miami
• Buyer: West Pine - Timothy Haskin & Alta Development - Henry Pino
• Seller: Progesti Corp. - Jose Nunez Key & Corporation - Jaime Brugos
• Broker: Virgilio Fernandez, Gerard Yetming & Mitash Kripalani - Colliers

Colliers is proud to have facilitated this transaction, achieving a record price and demonstrating their ability to assist owners and buyers in reaching their investment goals. For further inquiries or to discuss the value of your own property, you may contact Virgilio at (305) 613-4507.