432 NE 27th Street Update 01/10/23

Local Coral Gables Investor Acquires Another Edgewater Lot For $12.5M

William Weiner, linked to a family office in Canada has sold the 0.7-acre vacant lot at 432 NE 27th Street in Miami, Fl. Maria Menzel purchased the lot for $12.5 million. The buyer has no plans for the lot as of yet but records show it is zoned for a 36-story residential development, totaling 382,020 buildable square feet. The purchase of this lot gives Maria complete ownership of the block after she began acquiring sites on this block since 2004. She paid $22.8 million in total for about half of the Edgewater block. 

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