El Vedado Acquired by Grupo T&C | Real Estate Services M&A Deal

Grupo T&C has completed the acquisition of El Vedado, a real estate development business in Florida, for $27.6 million. Grupo T&C acquires El Vedado as part of its real estate services M&A strategy, planning to redevelop the site in Miami near Brickell into a 62-story mixed-use condo and hotel project. The El Vedado acquisition will replace the existing 36-unit condominium completed in 1972, with the proposed 13th Edge development targeting 400 apartments, 400 hotel rooms, and 234 parking spaces. This strategic acquisition is categorized as other acquisition and supports Grupo T&C acquisitions across South Florida, following prior FL acquisitions including a $15.1 million Edgewater site and the Edge House Miami construction.