Charles Kushner's Kushner Companies Acquires Development Site In Edgewater Miami For $37.6M

Located in Edgewater, Miami, the development site at 1900 Biscayne Blvd has been sold in a closed transaction. The property offers great potential, with approximately 1,300 buildable units. The sale took place on January 18, 2022, with the buyer being Charles Kushner, representing Kushner Companies. The seller in this deal was Enrique Manhard & Partners. The transaction was facilitated by Estrella Perez from EP Realty Group. The sale price for the property was $37,635,000, and the building square footage (BSF) is 66,287, resulting in a price per building square foot (PPBSF) of $568.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $37,635,000
• Address: 1900 Biscayne Blvd
• Market: Edgewater, Miami
• Buildable Units: Approximately 1,300

Charles Kushner, representing Kushner Companies, acquired the development site at 1900 Biscayne Blvd in Edgewater, Miami. The seller, Enrique Manhard & Partners, facilitated the transaction. Estrella Perez from EP Realty Group served as the broker for the deal. The property offers significant potential for development, with its large number of buildable units. The sale price of $37,635,000 indicates the value placed on this prime real estate.