CLIENT NEWS: Moishe Mana Buys Another $60M Worth Of Properties In Downtown Miami
January 7, 2022Multiple properties in downtown Miami have been sold to Moishe Mana in the past few weeks, according to a press release and other reports.
The following properties were sold to Mana during December:
- 100 N Miami Avenue
- 173 NE 1st Street
- 124 NE 2nd Avenue
Those properties were purchased by Mana for a combined $25,375,000.
They include a combined 50,197 square feet of building space, and 28,750 square feet of land.
Colliers Urban Core Division Executive Managing Director Mika Mattingly and Senior Associate Cecilia Estevez represented both the buyer and the sellers in the off-market transactions.
Separately, Mana acquired the following buildings, according to Traded Miami and The Real Deal:
- 120 NE 1st street (known as the Shoreland Arcade, formerly the Dade Federal Savings building)
- 1 West Flagler
Those properties were purchased by Mana for a combined $34,300,000, bringing Mana’s total purchases in downtown Miami last month to $59.68 million.
They include a combined 97,974 square feet of building and 42,994 square feet of land.
Mana now controls at least 60 properties spanning more than 1.3 million square feet in the Flagler Street area.
“The Flagler District is on its way to becoming the best neighborhood in America,” said Moishe Mana. “We are turning the downtown core into Miami’s economic engine. What the people of Miami really need are jobs– high-paying, long-term, wealth-creating jobs, so those that built Miami into a global destination can benefit from its prosperity.”
According to the press release, Mana intends to transform the neighborhood into a global hub for tech and innovation, connecting North and Latin American markets. “The vision comes from a thoughtful intent to support commercial development in the downtown core as the demand for office and retail spaces in Miami increases,” the release added.
The press release also said that Mana has begun construction on several sites in downtown Miami including at the Nikola Tesla Innovation Hub.
