Blvd 57 stalled condo site sells to 13th Floor to be repurposed for a mixed-use project

The site of the canceled Boulevard 57 condo project in Miami's MiMo/Upper East Side neighborhood was sold to the partnership of 13th Floor Investments and Tricera Capital, with the buyers crafting plans for a mixed-use project.

The deal is the latest example of stalled condo sites being repurposed for new types of development amid a slowdown of condo sales. Miami-based 13th Floor Investments recently sold its interest in a new condo project in Hollywood to focus on income-producing properties