{"id":304328,"date":"2026-06-11T20:56:12","date_gmt":"2026-06-11T20:56:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/304328\/"},"modified":"2026-06-11T20:56:12","modified_gmt":"2026-06-11T20:56:12","slug":"rubell-family-sells-neology-more-miami-sites-for-24-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/304328\/","title":{"rendered":"Rubell Family Sells Neology More Miami Sites for $24 Million"},"content":{"rendered":"

The Rubell real estate and art family sold another property in Allapattah to Neology Group in two deals totaling $24 million, the South Florida Business Journal reported<\/a>.\u00a0<\/p>\n

Neology paid $370 per square foot for the 46,870-square-foot warehouse sitting on 1.49 acres at 1090 Northwest 23rd Street.<\/p>\n

The property was sold in two separate deals, but the parcels together make up the original site, according to Sarah Gortarez, a commercial real estate analyst at Vizzda.<\/p>\n

The property, which the Rubells bought for $10.7 million in 2022 and includes a warehouse built in 1946, more than doubled in value.<\/p>\n

This deal follows the Rubell family\u2019s sale of another nearby development site<\/a> to Neology for $15 million, which is the first part of a three-part residential project<\/a> planned last year by the Rubells, Neology and Lion Development Group.<\/p>\n

Records show the Rubells bought the lot<\/a> in 2021 for $5.35 million, nearly tripling in value over five years.<\/p>\n

The land also is near the Rubell Museum, a 100,000-square-foot art campus with 33 galleries in several interconnected warehouses. The museum is at 1100 Northwest 23rd Street.\u00a0<\/p>\n

The warehouse deal was slated for phases two and three of the project.<\/p>\n

Lissette Calderon\u2019s Coconut Grove-based Neology, the Rubell family and Michael Simkins\u2019 Miami-based Lion said in December that project details of phases two and three were expected this year, however those plans have not yet been disclosed.<\/p>\n

Part one plans call for a 21-story building with 330 residential units and 10,000 square feet of ground-floor retail.\u00a0<\/p>\n

Allapattah sits just south of Wynwood and has attracted developers\u2019 and gallerists\u2019 eyes<\/a>. The neighborhood was traditionally a Dominican enclave where the primary industry once was fruitpacking.<\/p>\n

The Rubells, longtime Miami Beach developers, first opened their art collection to the public in Wynwood in 1993. After helping put the neighborhood on the map as a cultural destination, they moved the museum to Allapattah in 2019 and have continued acquiring property in the emerging neighborhood.<\/p>\n

Simkins\u2019 Lion has partnered on several Miami developments, including the first branded residence for Palm Tree Crew,<\/a> the lifestyle and music festival company founded by DJ Kygo and his manager Myles Shear. Lion is developing the short-term-rental-friendly condominium project alongside PMG, Eden Residential and Sterling Equities. The firm also partnered with PMG and Marc Roberts on the 659-unit 38 West Eleventh Residences Miami<\/a>, one of several towers the trio has planned in Miami.<\/p>\n

Calderon\u2019s completed apartment projects in Allapattah include the 192-unit No. 17 Residences<\/a>, finished in 2021; the 323-unit The Julia Residences<\/a>, which was completed last year; and the 237-unit Fourteen Main Street Residences<\/a>, also completed in 2025.\u00a0<\/p>\n

\u2014Eman Elshahawy<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Donald,\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Rubell family sells site near Allapattah museum to Neology for $15M<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"The\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Rubells add to Allapattah portfolio with former pork processing facility<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

PMG, partners launch Palm Tree-branded Miami condo project<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Lissette\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Lissette Calderon, Rubell family, Lion Development join forces on Allapattah apartments<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"What\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

The real estate industry\u2019s guide to Art Basel<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"PMG,\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

PMG, partners score $215M construction loan for Miami condo tower near E11even<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Lissette Calderon delivers first multifamily project in Allapattah<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Lissette Calderon racks up another refi, scores $85M mortgage for Allapattah project<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Rubell real estate and art family sold another property in Allapattah to Neology Group in two deals…\n","protected":false},"author":2,"featured_media":304329,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124,127104],"class_list":["post-304328","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news","tag-rubell-allapattah-neology-sale"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/304328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=304328"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/304328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/304329"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=304328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=304328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=304328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}