Miami Condo Market and Lifestyle Updates
Russian Investors Contract Biscayne Property and Plan a 60-Story Tower

Russian Investors Contract Biscayne Property and Plan a 60-Story Tower

by Sep Niakan | March 23, 2015

A Russian investment group has put the former City Hall restaurant under contract, where they plan to construct a 60-story tower.

The strangely shaped plot, located at 2004 Biscayne Boulevard, has been sized at almost 33,000 square-feet, and is in range of many new developments. Atlas Capital’s upcoming residential project at 1900 Biscayne and Fifteen’s soon-to-be 36-story residential tower above the old church at 1836 Biscayne are just down the street. Additionally, Braman’s car dealership is just to the north separated only by a small alleyway.

The last time 2004 Biscayne traded hands was back in 2007, when it sold for $5.4 million to a company managed by Christian Parth, a broker.

In addition to this new acquisition, the Russian investment group has taken a Denny’s located at 17550 Collins Avenue in Sunny Isles under contract. They are currently working alongside the city to approve a 19-story residential project on the former Denny’s site.



Photo credit: Google Maps

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....


September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...