Real Estate Company
Gazit Globe
-1.53%
Base:2,804
opening:2,761
High:0
low:0
change:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Announces today that Gazit Horizons, a wholly owned subsidiary, has received approval from the authorities to increase its residential rental project in Miami, Brickell Gateway, from 364 housing units to 504 housing units. According to the company, the increase in the number of apartments will allow Gazit to build a more efficient building in Miami’s business and financial center that enjoys rapid growth and strong demand for housing, offices and commerce.
The company also announced today that it has purchased a 840-square-foot commercial property in front of the project for $ 20.1 million which is now fully leased to five tenants, on a 1.3-acre land area and is expected to produce additional flexibility for the Brickell Gateway project during development and lease. The new property is Gazit Globe’s third acquisition in the Brickle area, following the June 2021 acquisition of the Maizon apartment building that includes 262 fully rented apartments, located two blocks south of the development project.
Jeff Mualem, CEO of Gazit Horizons: “Increasing the rights we received this week is another step in realizing our strategy in the Brickle area. We are big believers in this area, known as Florida’s ‘Mini Manhattan.’ Increasing the number of housing units and purchasing the new property, in addition to our existing property “We are further improving our expectations of the Brickell Gateway project. We intend to continue to expand our operations in Brickell, as well as in other cities in Florida, New York and Boston.”
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment