The other side of this transformative deal is that it represents probably the most extraordinary exit on a land assemblage in modern CRE history.
Moishe Mana is selling the dirt for this Wynwood CMU campus to Ken Griffin for north of $1 billion. He started assembling these properties in 2009, paying $18 to $20 a foot in the early days, per TRD. And it sounds like about $70 million for the entire parcel is what he paid. He's selling it for $1.1B. Pretty wild.