One of Miami’s most historically significant landmarks recently sold for $6 million after Brickell-based development firm Ytech purchased the George E. Nolan House. The property at 1548 Brickell Avenue is one of the last remaining estates along Miami’s “Millionaire’s Row.”
“Brickell is at the epicenter of Miami’s evolution and Ytech has a deep appreciation for the neighborhood’s rich history,” says Yamal Yidios, CEO of Ytech. “The acquisition of such a historically significant property will allow our firm to preserve the past while making a lasting impact on the future.”
The mansion was completed in 1926 during the booming era of the 1920s. by banker George E. Nolan for $28,000. The estate is also historically significant due to its age and neoclassical architecture featuring a two-story Corinthian portico.
Ytech purchased the property from Hive Brickell as part of its goal of developing luxury residences. Since 2006, Ytech has overseen the development and redevelopment of more than 7,000 apartments in 25 submarkets across the Southeast United States, with more than $1 billion in residential projects involving the Brickell neighborhood.