Bobby Julien Of The Kolter Group Acquires Development Site From Alejandro Silberman For $15M

11240 Biscayne Boulevard is a 3.23-acre fully entitled multifamily development site located in the Miami market. The transaction was recorded at a sale price of $15,000,000, offering a total square footage of 140,697, which translates to a price per square foot of $106.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 11240 Biscayne Boulevard
• Market: Miami
• Buyer: Bobby Julien - The Kolter Group
• Seller: Alejandro Silberman - Bianca Investments
• Brokers: Julian Zuniga & Gerard Yetming - Colliers
• Square Feet: 140,697
• Price per Square Foot: $106

Colliers represented both the seller and buyer, successfully structuring the transaction to close upon full project approvals. The Kolter Group is set to develop Alton Biscayne, which will include 336 luxury rental residences in a 12-story building, with groundbreaking anticipated in November.