New York-based KAR Properties, which has bought three parcels on the Miami River in the last year and a site in Hallandale Beach, is back for more. It acquired just over an acre in Wynwood at 2050 N Miami Ave. KAR CEO Shahab Karmely tells us Wynwood’s reputation as an emerging arts district is more than a local phenomenon. “The area’s a catalyst to Miami’s evolution as a global city,” he says. Moreover, he believes Miami’s fundamentals will continue to strengthen through the current cycle as a result of the continued diversification of the local economy, employment growth, the presence of Latin American residents and companies, and the emerging Chinese interest in Miami.
News
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories
