Posted Jul 16, 2013, 1:41 PM
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Registered User
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Join Date: Jul 2005
Location: Miami
Posts: 4,044
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http://exmiami.org/index.php/pmg-set...or-25-million/
Quote:
PMG Set To Close On Echo Brickell Land For $25 Million
By exMiami Staff on July 16, 2013
Echo Brickell developer PMG is set to close on a $25 million purchase of the land at 1451 Brickell Avenue where the tower will be built. The sale is expected to close on Wednesday, according to a press release issued by the broker. A $25 million sale values the property at about $955 per square foot.
The seller is a corporation which lists Jorge Hernandez as director. The land was last sold in 2008 for $22 million.
Construction of Echo Brickell is expected to begin in the first quarter of 2014.
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