SOLD
Lynd Group Is Under Contrat To Buy Miami Development Site For $35M
21 Northeast 9th Street & 909 North Miami Avenue
Development Site
Sold 38 days ago
Summary
Sale
FLORIDA
Development Site
The development site located at 21 Northeast 9th Street & 909 North Miami Avenue in Miami has been sold for $35,000,000. David Lynd of Lynd Group is the buyer, acquiring the property for the development of a 551-unit condo tower, along with another half-acre site for 551 apartments. The project also includes potential retail and office spaces, expanding Lynd Group's portfolio which primarily consists of apartment buildings like the Aileron Residences in Dania Beach.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $35,000,000
- Buyer: David Lynd - Lynd Group
- Seller: Marc Roberts - E11even; Ira Saferstein - Titan Capital
- Market: Miami
- Assets: 21 Northeast 9th Street & 909 North Miami Avenue
The sale was facilitated by Marc Roberts representing E11even and Ira Saferstein representing Titan Capital. The transaction marks Lynd Group's strategic move into the condominium sector while maintaining its core focus on residential real estate developments.
Details
SOLD
IMAGE: CONTRACT
IMAGE: Marc Roberts, David Lynd & Ira Saferstein
DATE: 03/29/2024
ADDRESS: 21 Northeast 9th Street & 909 North Miami Avenue
MARKET: Miami
ASSET TYPE: Development Site
BUYER: David Lynd - Lynd Group (@LyndGroup)
SELLER: Marc Roberts - E11even; Ira Saferstein - Titan Capital (@Titan_Capital__nyc)
PRICE: $35,000,000
NOTE: Lynd Group is purchasing a Miami Worldcenter site for $35 million to build a 551-unit condo tower, adjacent to another half-acre site for 551 apartments, both with potential retail and office spaces. This expansion into condos complements Lynd's primary focus on apartments, seen in recent projects like Aileron Residences in Dania Beach.View on map
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Address21 Northeast 9th Street & 909 North Miami Avenue
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