Harvey Hernandez Of Newgard Development Group Acquires Development Site In Miami For $7M

A development site located at 7400 Northeast Miami Court, 7410 Northeast Miami Court, 40 Northeast 75th Street & 19 Northeast 74th Street, has been sold in Miami for $7,000,000. The property spans 46,642 square feet, translating to a price per square foot of $150.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Buyer: Harvey Hernandez
• Seller: Robinson Julien
• Brokers: Virgilio Fernandez & Alain Crego - Colliers
• Date of Sale: 08/19/2025

Virgilio Fernandez and Alain Crego represented both the buyer, Harvey Hernandez of Newgard Development Group, and the seller in this transaction. The brokers achieved record pricing for the seller and finalized the deal in a notably short timeframe, reflecting the notable growth of the Little River neighborhood.