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Beitel Group’s Initial Foray into Miami is $45M, 11-Parcel Assemblage in Edgewater
RE/MAX 360 Coral Gables has represented Beitel Group in its purchase of 3333 Biscayne Boulevard in Miami, FL for $45 million. The seller is Miami Sunrise Properties, LLC, and the purchase is Beitel Group’s first in Miami.
The 2.8-acre location at the northern end of the Edgewater neighborhood is an assemblage of 11 parcels with substantial Biscayne Boulevard frontage.
“The purchase of a large-scale site like this one at 3333 Biscayne Boulevard shows the continuing appeal of this vibrant intracoastal waterfront community,” says Keiti Silva, a sales associate with RE/MAX 360 Coral Gables. “The Beitel Group has a history of pursuing value-add properties, and this purchase is consistent with its competencies in multifamily and development projects.”
According to RE/MAX 300 Coral Gables, Edgewater has experienced a population growth of 6.54%, driven by an influx of luxury apartment buildings, high-rise condos and low taxes.
- ◦Sale/Acquisition
