Thor Equities Buys Out Partner, Hammers Out $45M Recap of Miami Design District Site

Thor Equities Group has bought out its existing partner, ASB Real Estate Investments, and secured a $45-million-valuation recapitalization of 70 NE 39^th Street in Miami, FL.

The 38,000-square-foot development site located in Miami’s Design District and is zoned for multiple uses.

Thor’s assets in Florida include the new Wynwood Walk development along with include 250 NW 24^th Street and 2722 NW 2^nd Avenue in Wynwood, 70 NE 39^th Street in the Design District and 605 and 663-667 Lincoln Road.