Avi Dishi, Elysee Investments, And Pan Am Equities Acquire Mixed-Use Property In Miami For $27.5M

A mixed-use property located at 1 Northeast 1st Street in downtown Miami has been sold for $27.5 million. The property, known as the Time Century Jewelry Center, was acquired by a joint venture consisting of Avi Dishi, Elysee Investments, and Pan Am Equities. The venture, with ownership stakes of 56.7%, 28.3%, and 15% respectively, plans to complete the construction of the center within six months. The purchase overcomes legal challenges and setbacks previously faced by Yair Levy's Time Century Holdings, the seller of the property.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $27,500,000
• Address: 1 Northeast 1st Street, Miami

The buyer, Avi Dishi, is joined by Haim Yehezkel and Erik Yehezkel of Elysee Investments, as well as Scott Solomon of Pan Am Equities in the joint venture. On the other hand, Yair Levy and Dan Deutsch represent the seller, Time Century Holdings. Assisting in the transaction is Stefano Santoro from Disruptive Real Estate, who acts as the broker for the deal.