Biscayne Development Partners bought the land from Florida East Coast Railway LLC, a subsidiary of publicly-traded Florida East Coast Industries Inc., for $34.5 million.
The property is located between Northeast 29th St. and 36th St. in the city's historic Florida East Coast Corridor, which goes along the Florida East Coast rail line south of the city's Design District and north of its Performing Arts Center.
Buena Vista Yards will have "a significant number of residential units as well as diversified retail space including restaurants and entertainment venues," says Edie Laquer of Laquer Corporate Realty Group, which brokered the sale.
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