MIAMI—Aria Development Group—a cool group of young developers who are making a name for themselves in complex deals—have found a sweet spot in distressed assets. Beyond that, though, the company is also developing 321 Ocean, the last oceanfront lot to be built out in Miami Beach’s South of Fifth neighborhood.
Aria Development Group Continues to Expand Collins Avenue Retail Portfolio
National Real Estate Investor
Aria Development Group, the real estate development and investment firm behind 321 Ocean, announced today the acquisition of its second Miami Beach commercial property, a four-storymixed-use historic building located at 727 Collins Avenue. Known as the London Arms building, the property totals approximately 22,000 square feet and was purchased for $6.5 million in partnership with…