Miami Worldcenter is set for another tower after a Chicago-based group Akara Partners spent $18.85 million on a development site that’s less than an acre. Reported Miami Herald.
The land, beside the Metromover Station, is located at Northeast Second Ave., from Northeast 10th St. to Northeast 11th St. Only 36,273 square feet can be developed because the remainder of the property, or 8,227 square feet, is located underneath the Metromover Station. Akara is planning two towers, according to an Akara spokesperson. It will build a 450,000-square-footapartment tower in its first phase; the firm is still finalizing the second project to be built in another phase.