Developer sheds Plaza San Remo

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.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.