MIAMI, FL - Biscayne Companies announced this week that it has acquired a site in the Little River area of Miami FL. The property consists of 26,000 sq. ft. on 79 street located in Opportunity Zone. The company plans to develop the site into a mixed-use development that will include residential and commercial spaces on the ground floor.
The Miami-based multifamily operator and developer company is expanding heavily in Miami, led by Kenneth Fantes and Alejandro Reyes. This is the second covered land play the company acquired in the last 8 months after buying a site in Allapattah, Miami in July 2022.
We see this corridor as very strong for multifamily as it will provide alternate living, the connectivity with I95 and Miami Beach helps a lot and also there is a lot of movement in the area in regard to other projects and developments. It is a plus for the company as the area is one of their main submarkets they are growing a lot with great traffic counts and extremely fast said, Alejandro Reyes.
The Brokers involved in the sale were Alfredo Riascos & Ernie Perez from Gridlines Properties, a full-service real estate firm that has a great footprint in the area.
Biscayne Companies is a private equity firm specializing in the acquisition of commercial real estate properties in the United States, opening access to the best investment opportunities.