Federal Realty Investment Trust started the fourth quarter of 2015 by announcing On October 1st their second purchase of retail/mixed-use space in Miami. Yes, the same group that purchased Cocowalk a few months ago for 87.5 million purchased The Shops at Sunset Place, a 515,000-square-foot mixed-use center in South Miami.
And also, along the Miami River there has been a lot of news relating to new projects and rezoning of some areas. Avra Jain from the Vagabond Group picked up a 1.5 acre lot with the historic Miami River Inn on the South River Drive Historic District for $8.6 million. She plans to take this hotel to another level and conserve the beauty and history of this site built back in 1906.
These purchases just come to show the growth in Miami and the changes the city is going thru.
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