Florida & Gulf Coast + South Florida + Office | March 28, 2022

APEX Capital Realty has completed the sale of development site in Edgewater for $30.7 million.

APEX Capital Realty Arranges $31M Sale of Edgewater Development Site

APEX Capital Realty has closed on a development site in the Edgewater submarket of Miami, FL for $30.7 million.

APEX’s Rani Hussami represented the seller, Northeast Twenty-Third Street, LLC, while the company’s Alex Tsoulfas and Jamie Rose Maniscalco represented the buyer, TF Second and 23^rd, LLC.

The property on 2201 NE 2^nd Avenue is composed of a single-land parcel spanning 1.64 acres, is zoned T6-36A-O and falls within a federally designated opportunity zone.

According to APEX, the site is an ideal property for TF Second and 23rd LLC as it is one of the last few available vacant land parcels in the area. Edgewater is accessible to downtown Miami, Brickell and South Beach and seeing a rush of innovative projects such as Melo Group’s twin tower apartments, Urban 22; Related Group’s 60-story tower, Casa Bella; and Crescent Heights’ development, Nema Edgewater.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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