Integra Investments and two partners purchased an 8.2-acre waterfront development site just north of Miami Shores for $15.5 million.
The Miami-based real estate firm, along with Andrew Korge of Korgeous Group and David Larson of DCL Capital, acquired the site at 11295 Biscayne Boulevard for $43 per square foot, according to a release.
Integra Investments does not currently have plans to develop the vacant site, which stretches from Biscayne Boulevard to the bay, according to the release. The land is the former site of the private Lear School, next to the Jockey Club condo project. The property is zoned for a mixed-use project.
The site last sold for $8.2 million in 2012, records show.