Developer, investor and land-banker Moishe Mana added more properties to his portfolio in Allapattah, The Real Deal has learned.
Mana paid $21.8 million, or about $170 per square foot, for the 2.5-acre assemblage anchored at 2055 Northwest Seventh Avenue in Miami. Mana said he hasn’t decided yet what his plans are for the land. But for now, his company will use it for parking. Mana said he is focusing his attention on downtown Miami for the next few years.
Allapattah East LLC, led by Benjamin Atkins of Brooklyn-based Abingdon Square Partners, sold the 17 parcels, which include properties on Northwest Seventh Avenue, Northwest Sixth Court, Northwest Sixth Place, between Northwest 20th and 22nd streets. Atkins also co-founded and leads Zenith IOS, one of the biggest owners of outdoor industrial storage around the country.
Ari Dispenza of Central Commercial Real Estate represented the seller. He was the sole broker in the deal.
Atkins said he’s not focused primarily on Miami at the moment, and since it’s a development assemblage, “it made sense to sell them to somebody who had a plan to activate the properties.”
The addresses are:
- 2156 and 2160 Northwest Sixth Court
- 2175, 2177, 2081, 2073 and 2010 Northwest Sixth Place
- 2003, 2007, 2027, 2035, 2039, 2047, 2055 and 2065 Northwest Seventh Avenue
Mana owns some of the lots in between the properties, records show.
Mana has been buying land in Allapattah for years. One of his bigger deals occurred in 2022, when his company paid $16 million for 10 properties along Northwest Seventh Avenue, between 28th and 29th streets.
A number of other developers have targeted Allapattah in recent years, including Lissette Calderon of Neology Development Group and Robert Wennett, who owns the Miami Produce Center site and filed plans nearly a decade ago for a massive redevelopment.
Through the Allapattah Community Redevelopment Agency, the city of Miami is working on a revitalization plan that projects roughly $800 million in revenue from tax increment financing over 30 years, with the majority of that targeting infrastructure improvements and adding affordable housing.
The Miami neighborhood is just west of Wynwood, where Mana owns at least 30 contiguous acres, home to the Mana Wynwood Convention Center. Earlier this year, Mana paid $33.5 million for 1.6 additional acres in Wynwood. Months later, he sold a site to Miami-Dade County as part of a dispute resolution over missed development deadlines.
Earlier this year, rumors circulated that Mana was selling Mana Wynwood for $700 million, but both parties denied the rumors.
Read more
Allapattah’s $800M blueprint: Inside Miami neighborhood’s redevelopment plan
Moishe Mana pays $16M for commercial assemblage in Allapattah
Ken Griffin, Mana deny talks of $700M Mana Wynwood sale
