Urbanica Management LLC Purchases Miami Beach Site For $40M

6747 Collins Avenue Site In Red

Urbanica Management LLC has purchased a 1 acre site in Miami Beach located at 6747 Collins Avenue for $40 million, according to The SFBJ.

The vacant property was sold by China City Construction Company.

Urbanica Hotel plan on building a 20 story hotel with 200 rooms and beginning construction at the end of next year.