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Florida & Gulf Coast  + South Florida  + Office  | 
Edgewater in Miami, FL

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.

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RE/MAX 360 Coral Gables' Silva

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.

  • ◦Sale/Acquisition