Macklowe sells multifamily dev site near Dadeland Mall at discount to Related for $20M

Harry Macklowe sold a development site he planned for a 770-unit multifamily complex for $20 million, marking a 37 percent discount from its purchase price three years ago.  The Pérez family’s Coconut Grove-based Related Group bought the 1.6-acre vacant site at 8609 Southwest 72nd Avenue in the Kendall neighborhood of unincorporated Miami-Dade County, according to […]This article originally appeared on The Real Deal. Click here to read the full story.