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Moishe Mana Acquires Three Downtown Miami Buildings for $25.37 Million

Real estate entrepreneur Moishe Mana recently purchased three buildings at 100 N Miami Ave., 173 NE First St. and 124 NE Second Ave. for just over $25 million. The properties total 50,197 square feet of space, located on 28,750 square feet of land.

The off-market transaction was brokered by Colliers Urban Core Division Executive Managing Director Mika Mattingly and Senior Associate Cecilia Estevez, who represented the buyer, Moishe Mana of Mana Common, and the sellers, SG&S Inc and Flexini Investments Inc.

“Transformative developments taking shape in downtown Miami, along with organic growth of quality retail and restaurants in the area, have resulted in a migration of people seeking a true work, live, play environment,” Mattingly says. “After years of being ignored by the investment community, everyone is rushing to own a piece of downtown Miami, fueling an insatiable desire for real estate in this submarket. Transactions like this are reducing the inventory available for investment, with very few opportunities of this size and scale remaining in downtown.”

Mana, CEO of Mana Common, is the largest private landowner in Miami, with over 60 properties spanning more than 1.3 million square feet in downtown Miami’s Flagler District. Under his real estate division, Mana Properties, he has also started construction on several sites in downtown Miami including at the Nikola Tesla Innovation Hub.

“The Flagler District is on its way to becoming the best neighborhood in America,” Mana says. “We are turning the downtown core into Miami’s economic engine. What the people of Miami really need are jobs—high-paying, long-term, wealth-creating jobs, so those that built Miami into a global destination can benefit from its prosperity.”

Mana’s plans for the area include transforming the neighborhood into a global hub for tech and innovation, connecting North and Latin American markets to support commercial development in the downtown core as the demand for office and retail spaces in Miami increases.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.