Miami's entertainment district is setting the stage for a new way of living, shaped by how today's most discerning residents move between cities and seek out experiences that reflect their world. National developer PMG and Lion Development Group, together with Eden Residential and Sterling Equities, have revealed Palm Tree Residences Miami, the first-ever Palm Tree-branded residence.
Read MoreMagellan Development Group Sells The LEED Certified Midtown Five Multifamily For $154.35 Million
The Chicago-based Magellan Development Group has sold the Midtown Five multifamily asset that they developed in Midtown Miami for $154.35 million, roughly $358,875 per unit. The buyer was an entity tied to the New York-based Sterling Equities.
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