**Miami Land Assemblage Slated for Mixed-Use Development**
A fund led by David Cohen and Liam Krahe has acquired a 35,544-square-foot development site in downtown Miami for $20.9 million. The site consists of six contiguous parcels and is located in the city’s Arts & Entertainment District. The fund is focused on acquiring and developing land in high-growth, high-density areas of South Florida, aiming to bring forward mixed-use, ground-up developments.
Plans for the site include the development of a mixed-use project featuring luxury multifamily residential apartments and retail space. Construction is expected to begin in early 2026.
The development team 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. The transaction was facilitated by Salomé Bascuñan of Bilzin Sumberg and Alfonso Jaramillo of Fortune Christie’s International Real Estate, who represented the seller.
