Sun Electronics' Lot was just sold to Mandala Holdings for $8M
Lot Size: 11,700 square feet
Location: 511 Northeast 15th Street
Owner: John A. Kimball
Previous Purchase price : $440,000 in 1998
Zoning : T6-36b zoning allows for up to 36 stories under the Miami 21 code
Downtown Miami is growing vertically at record speed, yet many storefronts remain empty. The issue is not retail demand, but a deeper ground floor economic misalignment shaping the urban core.