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El-Ad Buys Waterfront Site Near Miami for $20M
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El-Ad Buys Waterfront Site Near Miami for $20M
El-Ad National Properties paid $20 million for a waterfront site in North Bay Village, Fla. — almost quadrupling the value of the parcel in three years, property records show. The 1-acre site — which sits on an island town between Miami and Miami Beach at 7915 West Drive — currently holds a surface parking lot. The seller, S2 Development, had purchased the property for just $5.5 million in 2022. Aventura-based S2 secured entitlements to build a…
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