An heir come The Gap family fortune simply bought the previous Archbishop Curley Notre-Dame High institution site in little Haiti for $60 million, v plans to lug an exclusive exclusive school come Miami, sources said.
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A Delaware company, VE FL I operation LLC, bought the 15.5-acre previous Catholic high college at 4949 Northeast second Avenue because that $3.8 million per acre, according to building records. The LLC’s address is tied to a trust with the same San Francisco attend to as the household investment firm of Robert Fisher, the chairman of The Gap, residential property records show.
Sources told The real Deal that the the person who lives plans to carry Avenues: The civilization School come the site. New York-based opportunities is one exclusive personal school where tuition costs are end $54,000 per year, follow to the website. It has been mentioned by The new York Times and also other outlets as among the peak private schools in the world.
Avison Young’s David Duckworth, john K. Crotty, and Michael T. Fay brokered the sale.
The acquisition ends speculation regarding who would certainly buy the home after Edmonton-based Triple five Group pulled out of the transaction in current months.
The Archdiocese that Miami closeup of the door the Archbishop Curley Notre-Dame High college in 2016. Late the year, it reportedly obtained a $65 million unsolicited market for the property.
In September 2017, it hired Avison Young’s David Duckworth, john K. Crotty and Michael T. Fay and also Bezold Realty to market the site, unpriced. Bids were due 2 months later in November 2017.
Triple five Group, which is to plan to construct a $4 billion American Dream mall in Miami, was originally reported to it is in under under contract come buy the home in May.
Triple 5 planned to apply for distinct Area plan zoning because that the Archbishop Curley campus, whereby it would construct apartments, condominiums and also retail space, Robert Gorlow, a Miami Lakes-based consultant because that Triple five had said. Gorlow confirmed to TRD in October the the agency withdrew its offer, yet declined come comment further, citing a confidentiality agreement.
In 2012, methods opened its first school in the U.S. In brand-new York City’s Chelsea neighborhood. In January, the school opened its 2nd campus in São Paulo, Brazil. The college was established by Benno Schmidt, the former president of Yale University and dean the Columbia regulation School; chris Whittle, the previous owner the Esquire magazine; and Alan Greenberg, the previous publisher that Esquire that owned a media agency acquired by WebMD in 1999.
The new York school’s renovations were greatly funded by increasing $75 million from 2 private-equity firms.
A spokesperson for opportunities did not return multiple requests for comment by phone and email.
The home in tiny Haiti is phibìc of the Miami architecture District and west that the Upper east Side neighborhood. It’s near two significant project sites, the Eastridge one-of-a-kind Area arrangement at 5045 Northeast 2nd Avenue and the to plan $200 million redevelopment and expansion the the Jewish health Systems campus.
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Little Haiti is likewise home come the plan 17.7-acre Magic City development District.