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

12100 NorthEast 16th Avenue
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This Mixed-use property located in FL was sold for $10,500,000 almost 4 years ago. The brokers of the deal were Devlin Marinoff and Tony Arellano

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.

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Deals
  • Location
    12100 Northeast 16th Avenue, North Miami, FL 3316112100 Northeast 16th Avenue, North Miami, FL 33161
  • Sale Price
    $10,500,000$10,500,000
    $229 PPSF$229 PPSF
  • Area
    45,758 SF45,758 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Devlin Marinoff

Devlin Marinoff

Deals29
Sold$390.4M

Agency

DWNTWN Realty Advisors

DWNTWN Realty Advisors

Agency
Deals99
Volume$924.7M

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Deal Summary

SALE IMAGE: Tony Arellano, P.A. & Devlin Marinoff DATE: 06/07/2021 ADDRESS: 12100 NE 16th Ave MARKET: North Miami ASSET TYPE: Mixed-use BUYER: Fuse Group Investment Companies SELLER: Greenwich Studios BROKERS: Tony Arellano, P.A. & Devlin Marinoff - DWNTWN Realty Advisors SALE PRICE: $10,500,000 ACRES: 2.77 ~ PPA: $3,790,614 NOTE: DWNTWN Realty Advisors, LLC. has brokered an off market transaction for $10,500,000. Greenwich Studios historically known as Ivor Tors Studio. This assemblage has over 45,000 SF of studio space on 2.77 acres. Located in North Miami, Fuse Group Investment Companies is planning to create a new urbanist town center with a significant multi-family development of over 400 units in addition to a class A creative adaptive re-use of the studio facilities. Greenwich Studios, was home to blockbuster productions such as Flipper, Something About Mary, Miami Vice, and Striptease in addition to many more. The Fuse Group Investment Companies will be looking to honor the past while looking forward to a development program that will add value to the City of North Miami.

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12100 NorthEast 16th Avenue

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