Diego Ojeda Of Cipres Acquires Development Site In Wynwood For $10

The property asset involved in this transaction is a development site located at 20 Northeast 29th Street, Miami, FL, encompassing 0.16 acres. The sale was executed for a nominal price of $10, with the intention to develop an 8-story affordable housing project known as “The Boxer,” which will feature 14 income-restricted units and 4,100 square feet of retail space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10
• Address: 20 Northeast 29th Street
• Market: Miami, FL
• Acres: 0.16
• Buyer: Diego Ojeda
• Company: Cipres

Diego Ojeda, representing Cipres, has acquired the site from Miami-Dade County to facilitate the development of affordable housing. The transaction highlights a near-free land deal, paired with an additional $800,000 education donation aimed at promoting affordable housing development in a high-cost neighborhood.