Estate Sells Fifth West Miami Multifamily Project for $83M

6320 Southwest Eighth Street with Jeff Ardizon and Robert Suris of The Estate Businesses. Westdale president and CEO Joe Beard (Soleste Alameda)

The Estate Businesses marketed its fifth West Miami multifamily venture for $82.9 million.

Estate, based in South Miami, offered the 306-device Soleste Alameda at 6320 and 6290 Southwest Eighth Road to Dallas-based mostly Westdale True Estate Investment decision and Management, according to Neyda Bravo, a broker on the deal. The sale breaks down to $270,971 per device.

Bravo labored with Luis Gonzalez, the two of Bravo and Partners Realty, to near the deal.

Prolific multifamily developer Estate focuses on more compact municipalities, such as West Miami, Hialeah, Palmetto Bay and Hollywood. Robert Suris is managing principal, and Tony Castro and Jeff Ardizon are principals of the business.

The metropolis of West Miami accepted the two-developing Soleste Alameda in 2017. The deal arrives on the heels of Estate’s sale in April of the 338-unit Soleste Twenty2 in West Miami for $97 million. Westdale, led by Joe Beard, acquired that home as perfectly.

Estate’s other jobs in West Miami, all of which it has sold, were Soleste West Gables I, Soleste West Gables II and Soleste Club Prado. Estate formulated the latter with companions.

The group is branching out from its Soleste brand name and embarking on its initially Alture project. It is redeveloping a very long-shut Hialeah lodge into the 251-unit Alture Westland multifamily local community at 1950 West 49 Avenue.

Westdale, established in 1991, owns 200 professional authentic estate properties in 30 towns, according to its web page. It has a capitalization of more than $5 billion.

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