(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
MIAMI—Skyline Equities Realty sold its rights for a proposed luxury condo development in Mary Brickell Village to Lynd Development and LNR Property. Instead of SkyPalace, the co-developers will build EnV Brickell in the heart of Miami’s Brickell District. Financial terms of the deal were not disclosed.
“When it became apparent that financing this development as a condominium was not going to be an option, we determined that in order to see our vision through for delivering to Miami a significant residential structure, this would be the best course of action,” Stylianos Vayanos, vice president of Communications and Business Development at Skyline, tells GlobeSt.com.
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