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Art Deco Commercial Building in South Beach Trades for $10M
London Foster Realty has completed the $10-million sale of a commercial building in the art deco district of South Beach in Miami. Lavinia Otero from London Foster Realty represented both the seller and buyer in the off-market transaction.
According to published reports, Surf Style, the owner of the beach clothing and souvenir chain, purchased the 12,868-square-foot property with plans to open a boutique selling the Surf Style clothing line. Seller Zori Hayon, who will remain as a partner in the project.
The property at 1450 Collins Avenue was built in the 1940s as a deli.
- ◦Sale/Acquisition

