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CIM Group Claims Miami Development Site for $17M

Los Angeles-based CIM Group acquired a fully-entitled, 1.78-acre mixed-use development site in the Wynwood district of Miami for $16.6 million. The entitlements include roughly 30,000 square feet of street-level retail space, 71,000 square feet of office space, 257 residential apartment units and parking. CIM is co-developing the property with One Real Estate Investment.

Located at 2201 N. Miami Ave., the site has roughly 250 linear feet of frontage on N. Miami Avenue to the west, and fronts the Brightline Rail to the east. The site is well-positioned in Wynwood, a distinctive area in the urban core of Miami, nationally recognized as a center for arts, innovation and culture.

CIM has been involved in the greater Miami region for more than 10 years. That includes development involvement in such projects as Caoba, a 444-unit, 43-story apartment tower in the heart of downtown Miami. Caoba is part of the master-planned Miami Worldcenter, a project in which CIM is also an owner and co-developer.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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