Greyhound’s $54 million sale sets the stage for development

The leaders of Lion Financial in Miami Beach are lining up a big project in Miami’s Park West neighborhood after purchasing a site for $53.8 million.

Greyhound Lines sold the 81,655-square-foot warehouse on the 4.4-acre lot at 1151 N.W. First Ave., plus 19,050 square feet of vacant land at 1130 and 1150 N. Miami Ave. and 23 N.W. 11th Terrace. The buyers were controlled by Lion Financial’s Michael Simkins and Ronald Simkins.