Brazilian "oligarch" José Afonso Assumpção is snapping up parcels in Edgewater and Brickell, including the site of the first tower announced on Biscayne Boulevard since the crash, which he plans to put on ice for a while, and a collection of lots in western Brickell, which he proposed a megaproject on, even though he's now on the brink of flipping the collected parcels for "almost double" according to DBR. Whew! Basically, 3360 Biscayne Boulevard isn't happening for a while, and there may or may not be yet another Brickell megaproject. Get it? Good.
· Brazilian investor picks up parcels in Brickell, Edgewater [DBR]
· 3360 Biscayne Boulevard coverage [Curbed Miami]