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3451 South Ocean Drive
SOLD

Related Group And BH Group Acquire Condo Development Site At Diplomat Beach Resort For $30M

3451 South Ocean Drive

Development Site
clock iconSold 337 days ago
Omar Morales
Jaret Turkell
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Summary

Sale
FLORIDA
Development Site

Miami's Related Group and BH Group have acquired a condo development site at Hollywood's Diplomat Beach Resort for a sale price of $30 million. The property, located at 3451 South Ocean Drive, is a 3.5-acre development site. The plans for the site include a 37-story tower with 350 condos and amenities. Additionally, the buyers have another property at the resort under contract for a 42-story hotel.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $30,000,000
  • Address: 3451 South Ocean Drive
  • Market: Hollywood
  • Acres: 3.5

The buyers of the property are Miami's Related Group, represented by Jorge, Jon Paul, and Nick Pérez, and BH Group, represented by Isaac and Liat Toledano. On the seller's side, Trinity Real Estate Investments and Credit Suisse Asset Management were involved in the deal. The brokers facilitating the transaction were Jaret Turkell and Omar Morales from Berkadia.

Players

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  • Agents

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  • Agencies

    1

Omar Morales's profile picture
Omar Morales
Berkadia-image
Director
$1.8B Sold

Details

Deal Summary
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SOLD
IMAGE: Omar Morales & Jaret Turkell DATE: 08/11/2023 ADDRESS: 3451 South Ocean Drive MARKET: Hollywood ASSET TYPE: Development Site ~ ACRES: 3.5 BUYER: Related Group (@Related_Group) - Jorge, Jon Paul & Nick Pérez; BH Group - Isaac & Liat Toledano SELLER: Trinity Real Estate Investments & Credit Suisse Asset Management BROKERS: Jaret Turkell (@Deal_Crush) & Omar Morales (@OmarMora1es) - Berkadia (@Berkadia) SALE PRICE: $30,000,000 NOTE: Miami's Related Group and BH Group have acquired a condo development site at Hollywood's Diplomat Beach Resort for $30 million. Plans include a 37-story tower with 350 condos and amenities, with another property at the resort under contract for a 42-story hotel. Perez

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Address3451 South Ocean Drive

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