Related Development Takes 33 Acres for $20.5M

Related Development, banking on South Florida’s multifamily rebound, has acquired 33.8 acres of development land at the corner of NW 97th Ave. and the Dolphin Expy (S.R. 836) in Miami, FL for $ 20.5 million, or about $ 607,000 per acre.

Related selected this site, with its proximity to the growing suburbs of West Miami-Dade, Doral’s growing retail district, and access to major corporate headquarters and Miami International Airport, as the location…
South Florida Commercial Real Estate News From CoStar Group