Bulk buyer repositions Miami condos to sell in Miami’s Little Havana
Ed Pascoe made the winning $4 million bid at auction for the Altos de Miami project.
One of the first local developers to execute a takeover of a new fractured Miami condos development is a Miami-based antiques dealer and property owner.
Miami real estate meltdown is added a new twist by Ed Pascoe’s profile in which many with the ability to sign a loan added condominium developer to their resume.
But Pascoe is the owner of Miami-based Pascoe & Co. antiques. He did not want to risk the remaining 56 units in the 134-unit 17-story condominium in Miami’s Little Havana neighborhood, Altos de Miami.
Pascoe joined with an experienced broker from Douglas Elliman, Brian Carter, and the investor who lost out to Pascoe on the Altos de Miami auction to resurrect the building, made the winning $4 million bid at auction for the units on February 24.
No comments:
Post a Comment