Jonathan Goldstein And Kushner Companies Acquire Edgewater Development Site For $43.1 Million

The property asset involved in the transaction is a development site spanning 1.5 acres, located at 614 & 720 Northeast 27th Street in Edgewater, FL. The sale price for this property was $43,100,000, and the site is earmarked for the construction of a 364-unit, 40-story luxury apartment tower.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $43,100,000
• Buyer: Jonathan Goldstein - Cain International; Laurent Morali & Nicole Kushner Meyer - Kushner Companies
• Seller: Vlad Doronin - OKO Group
• Loan Amount: $42,000,000
• Construction Start: Expected late next year
• Joint Venture: First South Florida development by Cain International and Kushner Companies

Key individuals involved in this transaction include Jonathan Goldstein, who represents Cain International, and Laurent Morali and Nicole Kushner Meyer, who represent Kushner Companies. The seller is Vlad Doronin, representing OKO Group. The development project is notable for its scale and ambitious plans in the Miami market.