ROVR Development Acquires 6.2 Acres Of Land In Miami For $23.5M

ROVR Development, represented by Oscar Rodriguez from ROVR Development, has acquired 6.2 acres of land near the Miami River in Miami. The purchase price for this land transaction was $23.5 million. The property is located at 1701 & 1851 Delaware Parkway and spans a total square footage of 213,905. The price per square footage for this transaction amounts to $110.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $23,500,000
• Address: 1701 & 1851 Delaware Parkway
• Market: Miami
• Acres: 6.2

This acquisition by ROVR Development aims to expand its project by building 1,000 additional units on the newly acquired land. The company sees this purchase as an opportunity to provide an affordable alternative to the rising prices in the Brickell neighborhood.