Development firm Falcone Group is reportedly in talks to acquire the former site of the Miami Arena, which once housed the Miami Heat and Florida Panthers, according to the Miami Herald. The Herald’s Jose Lambiet reported that developer Glenn Straub has put the site, which is currently a park, on the block. “We know it’s become an important place for residents of Overtown and downtown neighborhood,” a source told the Herald. “But the property is zoned for 1,400 condos.” The arena was razed in 2008. [Miami Herald] —Alexander Britell
REAL DEAL MIAMI BEACH REAL ESTATE NEWS
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