HIALEAH, Fla. – The Real Deal reported a surge in real estate purchases in Hialeah, where the sales volume last year was $217.1 million -- a huge jump from $83.6 million in 2016, according to Real Capital Analytics.
The Real Deal's Amanda Rabines believes two events are spurring the growth. There is a new massive warehouse complex project and new rezoning centers around the Hialeah Market Station and Tri-Rail/Metrorail.
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In 2016, the Codina Partners started to acquire land for the Beacon Logistics Park Florida, an $80 million warehouse complex, and the Hialeah City Council allowed developers to build up to 15 stories with 125 residential units per acre depending on the location.
