The sprawling Miami Worldcenter is set for another apartment tower after a Chicago-based group spent $18.85 million on a development site that's less than an acre.
Akara Partners plans to develop a 450-unit multifamily tower with 20,000 square feet of coworking space. Kenect at Miami Worldcenter is to be Akara's first Florida development, according to its website.
Akara bought the 36,300-square-foot parcel west of Northeast Second Avenue between 10th and 11th streets from MWC Block A LLC, an affiliate of Worldcenter's master developer.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
