MIAMI—It's a rare condo assemblage transaction. Miami Waterfront Ventures just acquired an 11-story condo tower sitting on about one acre on Biscayne Bay in Brickell's south end.
Miami Waterfront has plans to build a luxury multifamily project with expansive bay views. A division of the OKO Group, Miami Waterfront snapped up the condominium units at 175 Southeast 25th Road for just under $48 million.
CBRE's Gerard Yetming and Calum Weaver, along with Cary Cohen of Flagler Real Estate Services, negotiated with individual owners on behalf of the buyer on the bulk acquisition deal. OKO Group could not immediately be reached for comment.
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