Ytech buys Brickell building from Taplin, settles claims in $50M deal

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Miami Worldcenter Developer Settles Investor’s $50M Suit. The project is expected to be one of the country’s largest urban developments, encompassing several blocks on the northern end of the downtown area near the American Airlines Arena, Bayside Marketplace, the Adrienne Arsht Center for the Performing Arts and two new museums.

The purchase, which includes $26.5 million for the real estate, plus "tens of millions of dollars more" to settle claims and non-real estate matters, is the final step in a series of.

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2 Ytech buys Brickell building from Taplins, settle claims in $50M deal Wragg & Casas | Strategic Communications The property, a nearly 50,000-square-foot lot on Brickell Avenue, is prime piece of Brickell real estate. The site has development rights of up to 825,000 square feet, and Ytech founder and owner

The Taplin Co. sold the BankUnited building at 1428 Brickell Avenue for $26.5 million, plus "tens of millions" more to settle claims and other issues, Ytech said on Friday. According to a letter obtained by The Real Deal from Taplin’s attorney to Ytech’s, the total consideration of the sale is $50 million.

Brickell office building at heart of lawsuits sells in $50 million deal. The price tag for the 10-story tower on prime land at 1428 brickell ave. includes .5 million for the real estate, plus additional funds to settle debts and other claims. It seemed everyone in town wanted a piece of the 1.15-acre parcel,

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500 Brickell is a residential complex in the Brickell neighborhood of Miami, Florida, United States. The complex consists of two condominium towers, 500 Brickell West Tower and 500 Brickell East Tower. The two buildings were designed as twin towers, and rise 426 feet (130 meters), with 42 floors.

The Taplin Co. sold the BankUnited building at 1428 Brickell Avenue for $26.5 million, plus “tens of millions” more to settle claims and other issues, Ytech said on Friday. a lawsuit with Taplin.