Historic Deco Building on Collins Sells for $6.5 Million

A historic 1928 Art Deco building called the London Arms recently sold to Aria Development Group in partnership with Wexford Capital for $6 million. Located at 727 Collins, the building is in the center of the Collins area shopping district and Aria Development principal David Arditi is already looking for a prime fashion tenant to take the 5,000 square foot ground floor for retail. The Historic Preservation Board has already ok’d the conversion, but we want to know what might happen with the top of the mixed-use building. Spectacular condos? Office space? We’re dying to know the fate of this pretty as a picture building.