After months of trying to sell the property with no success, county commissioners just voted to put the courthouse up for auction sometime next year. Officials had pitched the historic building as a prime opportunity for redevelopment — a potential mix of apartments, hotel rooms, and office space.
Mamdani’s platform includes a proposed 2% tax increase on New York City’s top 1% of earners — those making over $1 million annually — to fund initiatives such as rent freezes, free public buses, and city-owned grocery stores. The candidate has also stated that “billionaires should not exist.”
In 2025, Miami-Dade County’s commercial sales volume rose 30%, led by strong growth in the multifamily sector, where foreign investors are playing an increasingly significant role.
Mana has focused on restoring historic structures and funding the $30 million Flagler Street streetscape improvement project, now nearing completion.
This two-phase, multi-tower project will transform a five-acre site in Midtown, linking Wynwood and the Design District, with residences, offices, retail, dining, parks, and a major racquet and padel club.
At full build-out, Midtown Park will feature six towers, including four residential buildings and two office structures.
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
Once known more for agriculture than housing, the Homestead area and surrounding parts of South Dade. are seeing a surge in development activity as land availability in Miami-Dade County continues to shrink.
While a rate cut would reduce borrowing costs and may jumpstart some transactions, industry professionals caution that it’s just one component of a complex financial equation.
ULTRA Club Midtown will feature 11 padel courts, 3 courts for children, a vibrant food and beverage hub, and a range of community programming designed to engage residents and visitors alike.