Edgewater Set To Make Its Return On The Real Estate Market After Successful Purchases Worth Millions

4 August 2011

The real estate market in Miami is still on a hot streak with more properties being bought off by various foreign and local investors to pave a new way and develop the undeveloped areas of Miami, and the rest of South Florida.

Edgewater, one of the failed development sites in South Florida has recently sold vacant lots that amounted up to millions! The two vacant acres were sold in two separate deals – Fifteen Group, a real estate investment agency purchased an L-shaped lot which is located at 3131 NE. Seventh Ave. for $9.1 million; and a 4.5 rectangular land owned by condo developers, Equity Residential, which is just a few feet away from Fifteen Group’s developmental property.

One of the companies that helped determine the size, design, and outlook of each property was Majestic Properties – who has helped countless firms with regard to consultation and growth.

From the looks of things, Edgewater will have a second shot at publicizing this untapped potential of a property and soon more and more developers will take great interest in these lands. It would not be a problem selling new properties to investors since a lot of people are taking a keen eye on Miami’s real estate market.

Quentin Battle
Miami Real Estate