arts
Rubell family sells another Allapattah property to Neology for $24M
By The Real Deal
· June 11, 2026
· 1 min read
The Rubell real estate and art family sold another property in Allapattah to Neology Group in two deals totaling $24 million, the South Florida Business Journal reported. Neology paid $370 per square foot for the 46,870-square-foot warehouse sitting on 1.49 acres at 1090 Northwest 23rd Street. The p
Key takeaway Neology paid $370 per square foot for the 46,870-square-foot warehouse sitting on 1.
Why this matters in The Miami
The sale of the Rubell family's Allapattah property to Neology Group for $24 million marks another significant investment in the rapidly changing neighborhood. As the area continues to evolve, this deal may have implications for the local arts scene, given the Rubell family's prominent role in Miami's cultural landscape. The property's location in Allapattah, a neighborhood that has seen increased attention from developers and investors, suggests that the area's transformation is likely to continue. With the Rubell family's involvement in the arts, including their well-known contemporary art museum in Wynwood, it will be worth watching how this sale affects their plans for the area and the broader cultural landscape of Miami. The significant increase in the property's value, more than doubling since its purchase in 2022, also underscores the rapid pace of development in Allapattah and the potential for further growth and investment in the neighborhood.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 11, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The Rubell real estate and art family sold another property in Allapattah to Neology Group in two deals totaling $24 million, the South Florida Business Journal reported. Neology paid $370 per square foot for the 46,870-square-foot warehouse sitting on 1.49 acres at 1090 Northwest 23rd Street. The p
When was this published? This article was first published on June 11, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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