Fuse Group Investment Companies Acquires Greenwich Studios In North Miami For $10.5M

An off-market transaction facilitated by DWNTWN Realty Advisors, LLC has resulted in the sale of Greenwich Studios in North Miami. The property, historically known as Ivor Tors Studio, spans 2.77 acres and features over 45,000 square feet of studio space. The buyer, Fuse Group Investment Companies, acquired the property for a total price of $10,500,000. The transaction marks the beginning of a new chapter for the studio, as Fuse Group plans to develop a new urbanist town center. This development will include a significant multi-family project with over 400 units, as well as a class A creative adaptive re-use of the existing studio facilities. The city of North Miami can look forward to this value-added development program.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $10,500,000
• Address: 12100 NE 16th Ave, North Miami
• Market: North Miami
• Buyer: Fuse Group Investment Companies
• Seller: Greenwich Studios
• Brokers: Tony Arellano, P.A. & Devlin Marinoff - DWNTWN Realty Advisors

Greenwich Studios has a rich history in the film industry, having been the filming location for blockbuster productions such as Flipper, Something About Mary, Miami Vice, and Striptease. With this sale, the Fuse Group Investment Companies aims to pay homage to this legacy while bringing new value to the city. The future development program promises to create a vibrant and thriving urban community in North Miami.