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Texas developer buys Midtown 29 site for $19M

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Texas developer buys Midtown 29 site for $19M

Date: Dec 4, 2022
Author: Dimarco Barea 986 No Comments

A partnership between Fifteen Group, Adler Development and Encore Housing Opportunity Fund sold a 2-acre development site near Miami’s Midtown neighborhood, records show.

An affiliate of the Houston, Texas-based Morgan Group paid $19.1 million for the Midtown 29 site, nearly an entire block between Northwest 28th and 29th streets, and on the east side of the railroad tracks. Maurice Habif and Jaret Turkell of HFF brokered the sale.

The property is technically in Edgewater, near the future site of a Stripey Development condo tower called 27 Edgewater.

 

 

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