Olshan represented David Edelstein in the transaction.
AMLI Residential executed the acquisition of four Wynwood, Miami, properties from developer David Edelstein for $35 million.
Together, the properties are zoned for 669,600 square feet and 321 residential units. The assemblage, at 45 Northwest 24th Street, between Northwest Second Avenue and North Miami Avenue, is currently home to five buildings with 41,000 square feet of commercial space.
AMLI plans to develop the land into a mixed-use project with 321 residential units and 45,000 square feet of retail.
Olshan team was led by Real Estate partner Eric Goldberg (Picture), assisted by partner Dov Brandstatter, associate Jessica Stanton and law clerk Vesna Naidoo-Chinsammy.
Law Firms: Olshan Frome Wolosky LLP;
Clients: David Edelstein;