Developer sheds Plaza San Remo

European entity named as buyer

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Venera Holdings recently sold the Whole Foods-anchored Plaza San Remo retail condominium in Coral Gables, Fla., for an undisclosed price. A German investment group advised by Dallas, Texas-based Phoenix Property Co. purchased the property free and clear of debt. Completed in late 2007, Plaza San Remo is a seven-story, 180,000-square-foot mixed-use development that includes retail, medical office condominiums and a 739-space structured parking garage. The asset is located at 6701 Red Road. *** What's your opinion? Leave your comments below or send a letter to the editor. ...