Two Roads Acquires Development Site In Edgewater, Miami For $152M

A development site located at 2121 N Bayshore Dr in Edgewater, Miami, has been sold for a total of $152,000,000. The property spans 150,265 square feet, approximately 2,344,134 buildable square feet, with a price per square foot of $1,012. The transaction took place on May 24, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $152,000,000
• Address: 2121 N Bayshore Dr
• Market: Edgewater, Miami

The buyer of the development site is Two Roads, represented by Taylor Collins. The brokers involved in the deal include Michael T. Fay, Brian C. de la Fé, John K. Crotty, and David Duckworth from Avison Young.