Kar Properties Spends $33M for Miami River Site

Planned Development Sites

Site Purchased Last Year for $27.5M

According to the SFBJ, New York developers Kar Properties has purchased the land behind The Wind and Ivy condos for $33.1 million. 

Last year, Kar Properties spent $27.5 million on a site where the planned Cima Towers were supposed to go.

On the newly purchased land, Kar Properties has plans to build 1,426 units along with retail and offices, which will include a 800 ft tower.

No word when ground breaking will start.