A Miami-Dade bankruptcy judge will decide at a hearing July 10 on the sale of developable, vacant land in the Brickell corridor. The offer on the property, at 30 SE 8 St, 18 S.E. 8th St and 830 SE 1 Ave., in Miami, is for $19.5 milliion.
The proposed purchaser is Crystal Tower on Brickell Plaza, managed by Omar Botero. The $19.5 million exceeds the value of mortgages on the properties, which are in foreclosure, according to a 30-page motion filed in U.S. Bankrupty Court in Miami.
The properties are owned by Chapter 7 bankrupt entities Beacon at Brickell Village and Beacon Developer Partners, linked to developer Renzo Renzi and his brother Pasquale Renzi.