The 1-acre development site at 1900 Biscayne Boulevard has been sold for $18.4 million, essentially derailing the 36-story, 429 unit, Kobi Karp designed residential project that had previously been approved for the site. Atlas Capital sold the site to Biscayne and 19th, LLC., an entity led by Enrique Manhard. Manhard plans to land bank the property until the next development cycle. Atlas Capital has initially paid $13.55 million for the 9 parcel assemblege in 2014.