Land Purchased In Red In West Brickell
Alfredo Coto of Millennium Developments has purchased two lots South of the Citgo gas station, which he bought in May 2014 for $9.25 million, to bring the total investment on the one acre site for $16 million.
The two lots purchased are located at 195 SW 9th Street and 161 SW 9th Street. The one acre site is approved for a 24 story building.
In July 2014, Coto bought land next to the Epic Hotel and Residences for $125 million.
The Starlite Motel across the street recently sold for $25 million in December 2014.