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Miami Worldcenter Tower Project To Total 160,000 Square Feet After Land Purchase

The wellness component of the Legacy Hotel & Residences project at Miami Worldcenter is set to expand after the developer purchased a neighboring site.

Miami-based Royal Palm Cos., led by Daniel Kodsi, paid $4.45 million for the 7,500-square-foot property at 61 N.E. Ninth St.

Coral Gables-based Sin Bin, managed by Yueh-Chuan Shih and Chung-Shong Chang, were the sellers of the property, which has a 6,950-square-foot retail building.

The property last traded for $200,000 in 1996, so it had a huge gain in value. Back then, the Overtown neighborhood was an often-overlooked area, but now it’s been transformed by the $4 billion Miami Worldcenter mixed-use project.

Purchasing the additional land will allow the health center to total 160,000 square feet, a 60% expansion.

The general contractor of the project is Fort Lauderdale-based Moss Construction. It was designed by Miami-based Kobi Karp Architecture.


Source:  SFBJ

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Royal Palm Cos. To Develop 50-Story Mixed-Use Tower In Downtown Miami

Royal Palm Cos. has acquired a nearly two-acre land parcel at 942 Northeast First Avenue in Downtown Miami with plans to develop Legacy Hotel & Residences, a 50-story mixed-use tower with 274 residences and a 256-room hotel. The property is part of Miami Worldcenter, a $4 billion, 27-acre mixed-use development in Downtown Miami.

The transaction includes 66,656 square feet of developable land.

Legacy Hotel & Residences will feature a members-only international business lounge, Singapore-inspired cantilevered pool, downtown Miami’s largest hotel pool deck, a 100,000-square-foot medical and wellness center and microLUXE residences. The project’s signature amenity will be the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

Robert Given, Troy Ballard and James Quinn of Cushman & Wakefield represented the seller, Miami Worldcenter Associates, in the transaction.


Source:  Connect Media

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