Kolter boosts North Beach assemblage with $18Min condo units
The Kolter Group paid $18.2 million for two ground-floor commercial condo units and 10 residential condos in Miami Beach’s emerging North Beach neighborhood, near the historic waterfront Normandy Plaza Hotel it purchased with BH Group earlier this year. The Delray Beach-based developer dropped $14.4 million for the commercial units at the Normandy Beach South subdivision at 6981 Collins Avenue from Elysee Investment Company of Miami Beach, which held a 70 percent interest, and Joseph Cohen, who owned 30 percent, records show. The space was built in 1950 spanning 7,600 square feet, property records show. It last sold in 2002 for […]This article originally appeared on The Real Deal. Click here to read the full story.
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