Mar
28
Boulan South Beach Developer Sells Luxury Condotel and Retail Units For $25M in Miami Beach
ByParc Place Development sold 30 luxury condotel units and two retail units within the Boulan South Beach for $25M.
Boulan South Beach
Miami–Parc Place Development LLC, a BEB Real Estate company, recently sold 30 luxury condotel units and two retail units within the Boulan South Beach, a 245,000-square-foot complex in Miami Beach. The asset was sold to Second Avenue 1355 Realty LLC for $25 million. The condotel units feature 25,400 square feet in total, and the two retail units a total of 2,200 square feet.
Parc Place Development was the ground-up developer of the property, which is situated on 21st Street between Collins and Liberty Avenues, next to the W. South Beach and Setai Hotels. The firm still owns 40,000 square feet of prime retail and a 65,000-square-foot, 440-space parking garage…
Boulan South Beach Developer Sells Luxury Condotel and Retail Units For $25M in Miami Beach
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