No Comments

Moishe Mana Adds To His Allapattah Holdings, Plans E-Commerce Logistics Center

Mana paid $6.2 million for a development site at 634 Northwest 22nd Street in Allapattah, where he could build an e-commerce logistics center.

Mana, downtown Miami’s biggest private landowner and a major investor in nearby Wynwood, purchased the property as he sells off his assets around the world, according to a statement provided by his firm, Mana Common. He is using the funds to invest in Miami, the statement says.

The Allapattah purchase, a roughly 1.4-acre assemblage, has been in the works for nearly two years, including a period in which it fell apart during the pandemic, said listing broker Carlos Fausto Miranda of Fausto Commercial.

An eight-story building with signage fronting I-95 can be built on the industrial site.

Property records show a company led by Javier Lumbreras, a Spanish financier and arts collector, sold the assemblage.

In Allapattah, Mana’s holdings include the former McArthur Dairy site at 2451 Northwest Seventh Avenue. The site is zoned T6-8-0, which allows for 150 units per acre.


Source:  The Real Deal

© 2024 FIP Commercial. All rights reserved. | Site Designed by CRE-sources, Inc.