Thor Equities Group, a global leader in urban real estate development, leasing, and management, today announced it has bought out its existing partner, ASB Real Estate Investments, and secured a recapitalization of 70 NE 39th Street in Miami.
Located in Miami’s highly sought-after Design District, the asset is a 38,000 square foot development site zoned for multiple uses. One of the premier locations in the core of Miami’s hottest neighborhoods, 70 NE 39th Streetoffers an unmatched opportunity in a city currently performing strongly in a variety of sectors especially office, hospitality, and restaurants.
“We are very excited about this property and look forward to developing an exceptional asset in Miami. Perfectly suited to accommodate a multitude of uses, the asset has tremendous potential, and we anticipate finding the ideal tenant to add to the Design District’s appeal,” said Chairman of Thor Equities Group, Joe Sitt.
Thor’s assets in Florida include the new Wynwood Walk development leased to tenants including popular restaurants See Saw Kitchen and Bottled Blonde, international retailer Yoyoso, and Driveshack, an entertainment destination for golf, drinks, food, games, and events. Additional assets include 250 NW 24th Street and 2722 NW 2nd Avenue in Wynwood, 70 NE 39th Street in the Design District, as well as 605 and 663-667 Lincoln Road.