The development will feature five condo towers, each 20 stories tall and will include 1,498 residential units as well as 141,694 square feet of commercial space.
The family-owned company led by Ed Easton and based in Doral acquired the105,000-square-foot industrial property located at 9880 Northwest 25th Street. The buyer secured a $29.7 million loan from another Easton affiliate. This purchase is priced at $250 per square foot.
In concurrent transactions, a warehouse in Doral and a warehouse in Hialeah Gardens was acquired by a partnership between Doral-based and Easton Group and Boston-based TA Realty.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
Completed in 2022, the 157,214-square-foot warehouse property is located within Beacon Lakes, a 640-acre industrial park also developed by Codina Partners. Prologis plans to redevelop the warehouse into a logistics facility.