Russian Mogul Buys Property in Edgewater for the Fourth Time in Three Months. Where Will He Strike Next?
by Sep Niakan | June 05, 2014
The Edgewater King, Oleg Baybakov, cannot stop buying up properties in Edgewater. He has purchased four properties in the same area in less than three months. What will he do next?
700 Edgewater Development, Baybakov's company, purchased a small vacant plot and a nine-unit apartment building, located at 432 Northeast 26th Terrace and 441 Northeast 26th Street, for $1.4 million. The transaction took place on May 15, and was recorded by the county on May 20.
Supreme Property Holdings, a Bay Harbor Islands company, sold the site to 700 Edgewater Development.Supreme purchased the two properties for $576,000 back in 2003.
These latest acquisitions into Baybakov's portfolio are on the same block as the $7.4 million triple transactions he made in April. Thus far, between February 21 and March 28, Baybakov's company has spent over $30 million for 1.7 acres in Edgewater.
by Sep Niakan | January 17, 2018
Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...
by Sep Niakan | January 05, 2018
Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities. A lot of people consider January to be the month when the festive season and all its...
by Sep Niakan | December 31, 2017
The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018. Miami Cruise...