A small development assemblage has been acquired by Related Group a block away from Virgin MiamiCentral.

Related paid a combined $8.77 million for two properties at 225 and 233 North Miami Ave. There were two separate sellers.

Up to 80 stories can be built on the property.

The site is just 15,000 square feet – likely too small to even build a parking garage.

Across the street, a 31-story project called Grand Station tower with 300 apartments is being built.

The Real Deal and the SFBJ first reported the purchase

Source: The Next Miami