Greybrook Realty Partners Invests $32.2 Million To Acquire 400 Biscayne Boulevard

Greybrook Realty Partners, from Toronto, has invested $32.2 million to fund the acquisition of 400 Biscayne Boulevard, which they will develop in partnership with Property Markets Group, PMG. The developers plan to build 690 residential units which will be targeted at millennials and students of Miami-Dade College, with an additional 20,000 SF of commercial space. The residential tower will also feature keyless entry and other smart-home technology, a co-working space with an integrated library and business center, restaurants and retail shops, Wi-Fi access throughout the building, an a fitness center with a swimming pool, spa and yoga studio. Greybrook Realty Partners and PMG are also developing 300 Biscayne Boulevard. The Real Deal reported in July 2017 that PMG had 400 Biscayne Boulevard under contract for $53.6 million.