The plans for the proposed Edge on Brickell have officially changed as the property was recently sold to a Brazilian businessman, according to a story from The Real Deal. The Miami Riverfront site exchanged hands for a reported $18 million. Leo Macedo, owner of Brick Group, plans to develop a $200 million condo-hotel on the adjoining parcels located at 39 Southwest Miami Avenue Roan and 55 Miami Avenue Road. The previous owner was Rafael Aragones of The Edge on Brickell LLC.

Macedo intends to develop a 60-story tower that will include 300 condo units, 200 hotel rooms, and a rooftop restaurant.  He is working with architect Kobi Karp on the design. “I am talking with many flags, because many flags are interested in opening a new hotel in Miami,” Macedo said.  The Brickell area has quickly become one of the fastest growing neighborhoods in Miami. Macedo believes that “the Brickell area will be the little Manhattan. People won’t need a car, they will work close to where they live.”

In addition to the unnamed hotel-condo project in Brickell, Macedo is developing several other residences in South Florida. He is planning a 75-unit waterfront condo tower in North Bay Village, as well as a luxury spec home at 30 Palm Island in Miami Beach that is on the market for $32 million. In Brazil, he has built 5,000 condo units through partnerships in addition to owning a home health care company with 300 employees and a theater in Rio de Janeiro. He also owns Mec Cars, a used exotic car dealership here in Miami.