**Miami Development Site Acquired for $20.9M, Slated for Mixed-Use Project**
A development fund controlled by David Cohen and Liam Krahe has acquired a 35,544-square-foot site in downtown Miami for $20.9 million. The site comprises six contiguous parcels located in the city’s Arts & Entertainment District.
The fund is focused on identifying and developing land in high-growth, high-density areas of South Florida, with this site forming part of that strategy. The newly acquired property is slated for the immediate development of a mixed-use project, featuring luxury residential multifamily apartments and retail space. Construction is expected to begin in early 2026.
The development is a joint venture between McCaffery Interests, Inc. and Grandview Development Co.
The seller of the property was the Genting Group, a global leisure and hospitality corporation. Salomé Bascuñan of Bilzin Sumberg and Alfonso Jaramillo of Fortune Christie’s International Real Estate represented the seller in the transaction.
