Brazilian airline mogul buying Edgewater land
by Sep Niakan | January 03, 2014
A Brazilian airline mogul is gobbling up residential land in Miami, with a recent emphasis on the emerging Edgewater neighborhood.
Miami Sunrise Properties, which has ties to 80-year-old Lider Aviacao founder Jose Afonso Assumpcao, paid $205 per square foot for a multi-property site at Biscayne Boulevard and 34th Street, Daily Business Review reported. Lider Aviacao is the largest private jet and helicopter company in Brazil. Miami Sunrise spent 2013 assembling a site west of the Brickell CityCentre development and is expected to sell the land at a significant profit.
Assumpcao’s company has no immediate plans to develop the 37,000-square-foot Edgewater site. Its purchase included approvals to build a 16-story, 127-unit residential tower on the land.
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Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
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Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
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