Brief
Miami-Dade County Sells Apartment Site for $10
Cipres paid Miami-Dade County $10 for a lot, enabling them to build an 8-story affordable housing project in the Wynwood neighborhood. With land costs so high in Wynwood, an affordable housing project
Summary
Cipres paid Miami-Dade County $10 for a lot, enabling them to build an 8-story affordable housing project in the Wynwood neighborhood.
With land costs so high in Wynwood, an affordable housing project in the neighborhood wouldn’t pencil out, hence the nominal price.
The S. Florida Business Journal reports the lot spans roughly 0.16 acres and...
Source
- Connect CREconnectcre.com
