Krystal Tower Site in Downtown Miami Sold For $8.5M

Krystal Tower Site

The Krystal Tower site in Downtown Miami located at 530 NW First Court has been sold for $8.5 million, according to The Real Deal. The seller is Rodolfo Ishak and the buyer is BH Investments

Krystal Tower was supposed to be a 35 story condo with 153 residential units when announced in September 2014. It was then changed to Miami Station Tower in July 2016, but never materialized as the building remained uncompleted.

The site in located across the street from 3 MiamiCentral and next to a lot purchased for $4.7 million September 2016 where a 150 rental building was planned.

Krystal Tower Now Miami Station Tower

View fullsize

Miami Station Tower Site

Krystal Tower, located at 530 NW 1st CT, was originally planned to be built in the Winter of 2014 and completed in the Summer 2016. The project is now called Miami Station Tower and will be a rental tower, according to The Next Miami. 

Miami Station Tower will have 153 units with nearly 5,000 square feet of retail. The building is located near MiamiCentral and across the street from 3 MiamiCentral.