Design District Comparables

November 2015
Thor Equities to pay $43M for Design District post office
Price breaks down to $1,402 per square foot for the land
January 2016
Thor sells Design District properties to RedSky, JZ for $60M, doubles investment. New York-based Thor Equities has sold four properties in Miami’s Design District for $59.83 million, or a whopping $3,132 per square foot for the land.

There is a lot of excitement surrounding the design ditrict. Below please click an image to learn about some of the major deals taken place in this neighbrohood. 

May 2016
Sam Herzberg just paid $13 million to acquire the Brown Jordan building at the entrance to Miami’s Design District
April 2016 
T-4 property sells for $10MM. The deal breaks down to about $660 per square foot for the building and $1,082 per square foot for the land.
March 2016
Design district property trades for $21.5MM. The new sale price equates to $2,445 per square foot for the building and $4,300 per square foot for the land.
February 2016
Less than three years after it began assembling a war chest of properties in Miami’s Design District, Thor Equities has just sold eight sites to Redsky Capital and JZ Capital Partners for $128.285 million.