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Related Gets Infinity II Site, With Approvals, For Bottom Dollar

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The Related Group has bought the land and building approvals of another notable victim of that real estate armageddon we lived through a few years ago for a bargain price. Following rapidly on the heels of their Unika purchase, according to our still-to-remained-unnamed-source-because-well-it's-a-secret, Related has acquired the former Infinity II Brickell site at 1300 S Miami Avenue for under $25 a salable square foot. To sweeten the deal, the site comes with approvals for a 65 story, 740 foot residential tower, with 556 units. Whether Related will resurrect that design or come up with something new is still nothing more than speculation.

Infinity II Brickell

1300 S Miami Avenue, Miami, Florida