Louis Birdman Kevin Venger Michael Konig Acquire 1.6 Acre Development Site In Miami For $53M

A 1.6-acre development site located at 3601 Biscayne Boulevard, 345 & 409 Northeast 36th Street in Miami has been sold for $53 million. This site is part of Miami's Edgewater market and will be developed into a mixed-use project known as Tower 36. The project will include commercial and retail spaces, a residential component with amenities, a private members’ club, food and beverage options, and a rooftop helipad and lounge, designed by KPF Architects.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $53,000,000
• Buyer: Louis Birdman, Kevin Venger & Michael Konig - One Thousand Group
• Seller: Maximo Alvarez - Sunshine Dade Investments
• Broker: Michael Hinton - APEX Capital Realty
• Lender: Cirrus Real Estate Partners

This transaction marks One Thousand Group's third project in the Edgewater area, showcasing their continued investment in Miami's real estate development. The firm aims to enhance the local urban landscape through this new project, furthering their portfolio in the vibrant Miami market.