Developer Moishe Mana Makes Big $25 Million Addition to His Downtown Assemblage
August 22, 2016 by Lucas Lechuga
Biscayne Building 19 W. Flagler. Photo via Colliers International South Florida.[/caption]Moishe Mana has nabbed a major addition to his Downtown Miami empire, the Biscayne Building office tower, at 19 West Flagler Street, for a cool $24.5 million. The historic building, built in 1925, is the 39th property Mana has acquired on and around Flagler Street so far, spending over $300 million for the assemblage. The seller was, rather anticlimactically, just a company called Biscayne Building Inc.
Broker Mika Mattingly, who handled the deal, told the Miami Herald that Mana had acquired a "critical mass of buildings" with this addition, which would allow him to "return that past vibrancy to the urban core." Meanwhile, he's been working with architect Bernard Zyscovich on a masterplan to tie together that "critical mass" of prime Downtown land. So far he's kept those plans nicely under wraps, except for a 49-story residential tower which went public only in July.
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