Back in September Dean’s Gold strip club in North Miami sold for $23.5 million and the new owners have plans to redevelop. This was after Dean himself had sold the land and became a lessor for 16 million the year before.
Just look at that aerial view. Prime location down the road from Aventura, it was almost certain to go for upscale condos/shopping as soon as the market showed any signs of life.
Going in the opposite direction, the month before that Rick's Cabaret Inc. bought outright the shopping center that houses Tootsie's in Miami Gardens for 15.3 million.
I can understand Rick's policy of owning rather than leasing but really, a whole stripmall in a Miami Gardens industrial/commercial zoned block?
Damn that's some high-value space the high-maintenance gals were occupying. Property market must be finally picking up in Miami-Dade OTOH now I have a reference point for when I hit the big Powerball jackpot...;)

