Miami Condo Market and Lifestyle Updates
Investors Continue to Purchase Design District Properties

Investors Continue to Purchase Design District Properties

by Sep Niakan | May 08, 2014

Thor Equities added another property to their Design District portfolio by acquiring the retail building previously occupied by Baltus, a high-end furniture company.

Thor Equities, an investment group based out of New York, purchased the retail property, located at 3925 North Miami Avenue, on Friday for an undisclosed amount.

A company managed by Fifteen Group is the seller of the property. They paid $3.7 million for the building in January 2012.

The previous Baltus land includes a 10,780 square-foot property, and is zoned to allow up to 12-stories with a maximum of 32 residential units or 63 hotel rooms.

Thor Equities is partnering with the Related Group to develop the luxury Baltus House condo, currently under construction near the district.

The Design District is booming in property sales due to the popularity of the upcoming $1 billion mixed-use development by Dacra and L Real Estate.

In other cases demonstrating this boom, developer David Edelstein has purchased a pair of properties in the district for $10.6 million on April 7.

 

Source: therealdeal.com

Photo credit: Baltus - miamidesigndistrict.netAerial view - google.com, Sign - climaoutdoor.com

Source: gossipextra.com

Photo credit: Bill Gates - wikipedia.comAerial view - billionaireaddresses.comHouse - gossipextra.com

- See more at: https://www.condoblackbook.com/miami-condos/blog/2468/billionaire-bill-gates-purchases-palm-beach-mansion-for-8-7-million-in-cash#sthash.W4NFIibM.dpuf

Source: gossipextra.com

Photo credit: Bill Gates - wikipedia.comAerial view - billionaireaddresses.comHouse - gossipextra.com

- See more at: https://www.condoblackbook.com/miami-condos/blog/2468/billionaire-bill-gates-purchases-palm-beach-mansion-for-8-7-million-in-cash#sthash.W4NFIibM.dpuf

 

Source: gossipextra.com

Photo credit: Bill Gates - wikipedia.comAerial view - billionaireaddresses.comHouse - gossipextra.com

- See more at: https://www.condoblackbook.com/miami-condos/blog/2468/billionaire-bill-gates-purchases-palm-beach-mansion-for-8-7-million-in-cash#sthash.W4NFIibM.dpuf

 

Source: gossipextra.com

Photo credit: Bill Gates - wikipedia.comAerial view - billionaireaddresses.comHouse - gossipextra.com

- See more at: https://www.condoblackbook.com/miami-condos/blog/2468/billionaire-bill-gates-purchases-palm-beach-mansion-for-8-7-million-in-cash#sthash.W4NFIibM.dpuf

Source: gossipextra.com

Photo credit: Bill Gates - wikipedia.comAerial view - billionaireaddresses.comHouse - gossipextra.com

- See more at: https://www.condoblackbook.com/miami-condos/blog/2468/billionaire-bill-gates-purchases-palm-beach-mansion-for-8-7-million-in-cash#sthash.W4NFIibM.dpuf

 

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...

Lifestyle

The Top Ten Highest-Rated Restaurants in Miami

by Sep Niakan | May 14, 2017

It’s no secret how Miami’s local food scene is going global with innovative restaurants populating the landscape. We’ve got locals to tourists and even celebrities raving about how Magic City's culinary scene has grown leaps...