NORTHBROOK, Ill., Jan. 13, 2021 /PRNewswire/ -- Hilco Real
Estate, LLC announces the court-ordered bankruptcy sale of 25
development properties well located throughout Miami, Fla. and Crystal Lake, Ill. in high-demand areas. The
development sites featured in this offering, more commonly known as
the Metronomic Holdings, LLC portfolio, vary in construction status
and property types such as mixed-use, multifamily, townhomes,
student housing, luxury single-family homes and office. The
properties are available for purchase individually, in any
combination or in the portfolio's entirety. Initial offers are due
immediately and will be evaluated as a stalking horse bid.
The majority of the properties within the Metronomic Holdings,
LLC portfolio are located in the highly sought-after Miami neighborhoods; five in Coconut Grove, 15 in Little Havana, and three
in the Upper East Side, while the remaining two properties in the
portfolio are located outside of Chicago in the city of Crystal Lake. The properties in Coconut Grove offer an attractive opportunity
to enhance one of Miami's oldest
and favorite neighborhoods that features excellent schools, as well
as a budding restaurant and arts scene, according to Business
Insider. Furthermore, Little Havana offers the famed Calle Ocho
strip, making it a popular tourist destination. In addition to some
of the best bars and restaurants in Miami, as praised by Timeout, the community
also hosts a great culture. The remaining three Florida properties are located in one of Dade
County's fastest growing neighborhoods: Miami's Upper
East Side.
This sale represents an opportunity for real estate developers
and/or investors to purchase a variety of assets in a highly
concentrated area, all of which are in prime locations. Varying in
construction stages, these development sites present ideal
value-add investment potential for buyers to adjust or complete
structure plans to suit their final visions.
Jeff Azuse, senior vice president
of business development at Hilco Real Estate, stated, "This is a
fantastic opportunity to acquire prime development sites within
some of Miami's most desirable
neighborhoods. With some of the properties just months from
completion, these properties can be delivered to the market in a
timely fashion." He continued, "We're excited to help turn a
situation that didn't meet original expectations into one that
results in the completion of these projects and adds much needed
housing to these historic Miami
neighborhoods."
Bidders will have the chance to fully inspect properties during
predetermined tour dates coordinated by Hilco Real Estate.
Initial offers are due immediately For more information
regarding the sale process, please contact Jonathan Cuticelli at (203)
561-8737 or via email to
Jcuticelli@hilcoglobal.com.
For further information on the properties, an explanation of the
sale process, bid procedures or to obtain access to property due
diligence documents, please visit
http://www.hilcorealestate.com/Metronomic or call (855)
755-2300.
About Hilco Real Estate
Hilco Real Estate ("HRE"), a
Hilco Global company (HilcoGlobal.com), is headquartered in
Northbrook, Illinois (USA). HRE is
a national provider of strategic real estate disposition services.
Acting as an agent or principal, HRE uses its experience to advise
and execute strategies to assist clients in deriving the maximum
value from their real estate assets. By leveraging multi-faceted
sales strategies and techniques, aggressive repositioning and
restructuring experience, a vast and motivated network of buyers
and sellers, and substantial access to capital, HRE exceeds
expectations even in the most complex transactions.
Media Contact:
Gary Epstein
Hilco
Global
Office: (847) 418-2712
Mobile: (847) 323-4943
Email: gepstein@hilcoglobal.com
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SOURCE Hilco Real Estate