Biscayne 21, a waterfront development site spanning 3.5 acres at 2121 N. Bayshore Dr. in the Edgewater neighborhood of downtown Miami. Developers Are Increasingly Buying Residents Out to Start Fresh: Edgewater Property Trades for $150M
"While the maintenance requirements and costs of that keep going up, the value of these older units keeps going down steadily as brand-new projects keep going up around them,' said Joe Hernandez. "The economics of trying to continue to maintain an older building becomes very difficult. if not impossible."
May 27, 2022 at 01:24 PM
4 minute read
Commercial Real Estate
South Florida-based developer Two Roads Development has bought Biscayne 21, a 191-unit condominium, for $150 million in Miami's Edgewater neighborhood.
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