8-story apartment complex breaks ground in Miami’s Little Havana
An 8-story apartment complex has broken ground in Miami’s Little Havana neighborhood thanks to a $14.43 million construction loan. Synovus Bank provided the mortgage to Gamla Cedron Flagler Oasis LLC, managed by Shaoul Mishal, the president of Aventura-based multifamily developer Gamla Cedron Group. It covers the project at 1110 N.W. First St., about five blocks southeast […]
Buyer of Little Havana site plans apartments, retail
The head of a real estate development firm that acquired a property in Miami’s Little Havana neighborhood said he plans to redevelop it. As recently reported, Gamla Cedron Flagler LLC acquired a 2-acre site at Flagler Street and Northwest 11th Avenue for a combined $11.19 million. It controls most of the block, which currently has […]
Redevelopment site in Little Havana sells for $11M
A Little Havana property that’s slightly larger than 2 acres with the potential for redevelopment was sold in two transactions for a combined $11.19 million. The retail strip along Flagler Street currently has stores and restaurants such as Ideal Baby and Nardy’s Market Place. It’s about three blocks southeast of Marlins Park. There’s been a […]
Week in Review: South Florida Business Journal
The Florida division of Atlanta-based Apartment Realty Advisors, a privately held investment advisory brokerage firm, recently arranged the sale of 26 remaining units at La Via Condominium community in Pembroke Pines. Shaoul Mishal, president of Israel-based Gamla-Cedron Group, purchased the remaining units for $1.43 million, or $55,000 a unit. The 250-unit property was converted to condominiums […]