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PMG secures $22M to buy ECHO land

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Kevin Maloney of Property Markets Group and the developer of Walker Tower in Manhattan has secured $22 million to purchase 5 acres of land for his planned 190-unit development in Aventura, the firm announced. The Carlos Ott-designed project, dubbed the ECHO, has already generated more than $135 million in sales as is scheduled to break ground in late spring. The project will offer two, three and four bedroom units each accessed through a private elevator and a so-called Sky Loft [more]

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