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Related Group Scoops Up, Resurrects, Old Unika For A Bargain

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Another victim of Miami's speculative real estate habits, Unika, at 4300 Biscayne Boulevard, has been sold to the Related Group and is coming back on line. Apparently, our to-remain-unnamed sources tell us, Related got it for quite a bargain too. Less than $20 per square foot we hear. The sale, on a very visible section of Biscayne Boulevard acreage, includes a 60s era office building and all the original permits and entitlements in place to build a 15 story condo tower wrapping around it. They're going to take the original bland-ish design "adapt it to current market conditions," and build the damn thing as-is. [Curbedwire Inbox]

Unika

4300 Biscayne Boulevard, Miami, FL