Daniel Cardenas Of Vertical Real Estate Purchases Miami Development Site For $26.58M

A 28,033-square-foot development site located at 710 Northeast 1st Avenue in Miami, FL, was sold for $26,580,000. The asset is situated within the Miami Worldcenter, a 27-acre mixed-use development project, and has been approved for retail, restaurant, bar, and office uses.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,580,000
• Address: 710 Northeast 1st Avenue
• Market: Miami, FL
• Square Footage: 28,033
• Price Per Square Foot: $948
• Buyer: Daniel Cardenas - Vertical Real Estate
• Seller: Adam Neumann & Mark Lapidus - Flow

The transaction was executed by Daniel Cardenas, who represents Vertical Real Estate, and involved sellers Adam Neumann and Mark Lapidus, both affiliated with Flow. Their involvement in the deal highlights the connection to the former WeWork executives overseeing the asset's development phase in the Miami Worldcenter project.