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Vibrant Capital Partners leases office in Miami s Brickell Financial District
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Giant to replace ShopRite in Silver Spring - Washington Business Journal
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News in Brief: Lincoln Road property sells; Miami Beach is LEED Gold certified and more
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XBTO CEO Philippe Bekhazi and Two Roads Development’s Reid Boren with 2955 Northeast Seventh Avenue (Google Maps)
Cryptofinance firm XBTO Group is moving its headquarters to Miami.
The New York-based firm paid $5.4 million for a waterfront commercial condo at Biscayne Beach in Miami’s Edgewater neighborhood. Two Roads Development, which built the 51-story tower, sold the 5,400-square-foot space, said Arden Karson of Karson & Co., who brokered the deal. It traded for $976 per square foot.
Arden Karson
XBTO Group could not immediately be reached for comment.
The commercial unit at 2955 Northeast Seventh Avenue hit the market last year for $6 million with Karson and Douglas Elliman’s David Restainer.
A rendering of the property at 421 Northeast 82nd Street in Little River
UPDATED, Feb. 26, 2:45 p.m.: A group of property owners in Miami’s Little River neighborhood are banding together to sell their assemblage, where a mixed-use project with nearly 400 units could be built.
The 2-acre assemblage, at 421 Northeast 82nd Street, includes 59 apartment units in eight buildings. Listing brokers Arden Karson of Karson & Co, and Mika Mattingly and Cecilia Estevez of Colliers International are marketing the site as Junction at Little River. Karson said the property, which is unpriced, could trade between $18 million and $20 million.
Under T-6-8-O Miami 21 zoning, the Little River site could be developed into a 12-story building with 388 units and 55,000 square feet of commercial space with bonuses, according to a press release. Without bonuses, a developer could build up to eight stories tall and 310 units.