Avalon Bay Planning Apartments, Retail in South Miami

Avalon Bay Communities purchased a full city block in South Miami, clearing the way for a mixed-use community. AvalonBay acquired the approximately 1.18-acre site from longtime owner Robins Plaza for a base purchase price of $22 million in an off-market transaction. Cushman & Wakefield’s Virgilio Fernandez represented AvalonBay Communities in the transaction. Avalon Bay’s newest...