Miami Land Assemblage Slated for Mixed-Use Project

Miami Land Assemblage Slated for Mixed-Use Project
News| June 9, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

A fund controlled by David Cohen and Liam Krahe acquired a 35,544-square-foot development site comprising six contiguous parcels in downtown Miami for $20.9 million. The fund is focused on acquiring and developing land in high-growth, high-density submarkets of South Florida for ground-up mixed-use projects.

The six-parcel assemblage forms a single development site located in Miami’s Arts & Entertainment District. The fund plans to immediately develop the land into a mixed-use project consisting of luxury residential multifamily apartments and retail. Construction is expected to begin in early 2026.

The development team includes a joint venture between McCaffery Interests, Inc., and Grandview Development Co..

The seller was the Genting Group, a leisure and hospitality corporation. Salomé Bascuñan of Bilzin Sumberg and Alfonso Jaramillo of Fortune Christie’s International Real Estate represented the seller.

Other News

Greystar, Vantage Acquire Chamblee Property for 340-Unit Multifamily Community

Atlanta & Southeast + Apartment Buildings

Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...

Learn more

Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap

Apartment Buildings

Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...

Learn more

Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap

Apartment Buildings

An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up