 |
 |
 |
 |
Week of October 12, 2000 |
 |
Calendar of Events |
|
FYI Miami |
|
Filming in Miami |
|
|
|
Front Page |
|
About Miami Today |
|
Put Your Message in Miami Today |
|
Contact Miami Today |
|
Job Opportunities |
|
Research Our Files |
|
The Online Archive |
|
Order Reprints |
|
Quik Park adds 2 Coral Way tracts to his Miami portfolio By Marilyn BowdenNew York parking developer Hank Sopher continues his incursion into the Brickell area with the purchase of two contiguous tracts on Coral Way. Mr. Sopher, president of Quik Park of Florida, entered the Brickell market a little more than a year ago when he bought the 550 Brickell building. Now he has paid $1.74 million for a 0.70-acre parcel at 40 SE 13th St., or Coral Way, and $1.2 million for a 0.30-acre site at Coral Way and Southwest 14th Street, one block east of Publix supermarket. The seller of the first was Howglo Ltd. and of the second, Edward C. Ratiner. Mr. Sopher, who operates 70 skyscrapers, hotels and surface parking lots in Manhattan, has a number of local operations, including a $20 million, 800-car, city-owned garage for the Loews Miami Beach Hotel. He's spent about $100 million on land acquisitions in Miami-Dade in recent months, much of it along the Biscayne corridor. "In New York, there are many districts for development," Mr. Sopher said. "In Miami, there is just one — the downtown Biscayne-Brickell corridor. "These two Brickell parcels satisfy slightly different objectives than the wide array of land parcels Quik Park has acquired in order to control surface parking for the American Airlines Arena and the performing arts center," said Ms. Edie Laquer, of Laquer Corporate Realty. "This location is ideally suited for a high-end, limited service hotel or a class A office tower," said Ms. Laquer, who represents Mr. Sopher's South Florida real estate transactions. "My plan," he said, "is to be involved in major development deals that will help the arts and entertainment district along Biscayne Boulevard and the business district around Brickell to continue to evolve." In the meantime, Mr. Sopher said, the lots will be used for surface parking. There is a small building at one site that will be razed. The properties are zoned for commercial or residential development. |
Top