Thor picks up two Wynwood dev sites for discounted price of $30M

Joe Sitt’s Thor Equities scored a bargain for a pair of Wynwood development sites, paying nearly $32 million below previous sale prices two years ago.  New York-based Thor paid a combined $30.2 million for the Miami properties that the seller acquired for a combined $62 million in 2023. Combined, the two development sites span 1.8 acres. A Thor affiliate paid $20.2 million for a retail building at 187 Northwest 28th Street and five vacant lots at 166, 172, and 179 Northwest 29th Street; 2825 Northwest Second Avenue; and 169 Northwest 28th Street, records and real estate database Vizzda show. The assemblage […]This article originally appeared on The Real Deal. Click here to read the full story.