December 20, 2019
Billionaire private real estate investor Moishe Mana has acquired 25 West Flagler Street, an assemblage of three adjacent parcels totaling 29,000 square feet of land in Downtown Miami’s central business district. The sales price was $25 million.
The property features redevelopment potential of up to 80 stories and 696,000 square feet, as of right. Located between West Flagler Street and Northwest First Street, 25 West Flagler advantageously sits across from the Miami-Dade County Courthouse, and within walking distance to Brightline’s Miami Central Station.
John Crotty, Michael Fay, David Duckworth, Brian de la Fé, Berkley Bloodworth, Emily Brais and Dan Carlo of Avison Young represented the seller, City National Bank, in the transaction. The existing 139,448-square-foot office building at the site was City National Bank’s former flagship headquarters.
Mana already owns a number of properties along the Flagler Street corridor, including the property immediately to the east of 25 West Flagler.
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