July 06, 2011
Coconut Grove Bank sold the historic Merrill-Stevens boat yard on the Miami River for $6.63 million ($59.92 per square foot) to Marlow-Merrill-Stevens LLC. The property is a 111,386 square foot boat yard on 5.59 acres. There is no immediate report on what the new buyer intends for the property.
If you wish to reach me, you may do so at miamipandi@comcast.net, motero@houckanderson.com, or via LinkedIn at http://www.linkedin.com/in/michelleoterovaldes.