Miami’s Midtown To Expand

May 31, 2015 No Comments by

midtown eastDeveloper Alex Vadia, who basically hit the jackpot when he scooped up half of Midtown Miami and the abandoned Chiquita Banana facility to the east for $60 million and then continued buying up adjacent property, is finally doing something with the 6.6-acre assemblage.

On Friday, May 29, Miami city commissioners approved Vadia’s request to close sections of streets and alleys within the site so as to create a more pedestrian-oriented development.

According to county property records, Vadia’s corporations scooped up the adjacent land between 2011 and 2012, paying a combined $11.9 million.

 

Sources: The Real Deal and Curbed

 

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Industry News, Miami-Dade County Retail, NA, Retail
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