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Florida & Gulf Coast  + South Florida  |  June 17, 2019
David Cohen
By: David Cohen

DLC Capital Adds to Land Assemblage in Miami’s Edgewater

Colliers International has brokered the $3-million sale of an 11,550-square-foot land parcel in Miami’s Edgewater neighborhood. The site, which is located at 2939 NE 4th Ave., was acquired by an entity tied to DLC Capital Management, a family office in Miami.

DLC Capital also acquired an adjacent one-acre site at 2927 NE 4th Ave. on May 20 for $13.6 million, and plans to assemble both sites for future development. The assemblage will allow the developer to build up to 852,600 gross square feet and 60 stories, as per local zoning regulations.

Mitash Kripalani, Gerard Yetming, Julian Zuniga, and Virgilio Fernandez of Colliers represented the seller, 4th Avenue Edgewater LLC, in the transaction. Rena Kliot of Pulse International Realty advised DLC Capital.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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