UPDATE, September 27, 5 p.m.: a Former Walmart site in Midtown Miami has sold for $ 26.4 million to a nearby Midtown developer, after years of contentious lawsuits with residents who opposed the supermarket.

Walmart sold a 4.6-acre site at 3055 North Miami Ave. for $ 131 per square foot in Midtown opportunities, led by Alex Vadia, according to a press release. The developer could bring organic grocer as well as indoor and outdoor retailers to the site, the release said.

The sale means Walmart will no longer build the controversial 203,000 square foot supercenter on the Midtown site. Walmart first received approval for the store in 2013, and acquired the site in 2014. The plan, however, drew protests and lawsuits from community activists, led by Grant stern, who said Walmart would bring too much traffic to the area and violated zoning ordinances.

According to a Walmart spokesperson, the company decided to sell the site due to factors such as the growth of Walmart’s e-Commerce site, the opening of several new stores in the Miami-Dade area, and changing real estate market conditions in and around Midtown Miami . Walmart currently has three stores within 10 miles of the Midtown Miami site.

Midtown opportunities currently owns about 5.5 acres of contiguous land on the site. Zoning allows the developer to build 24 to 36 floors.

Midtown Opportunities is also partnering with Magellan Development Group to develop Midtown 6, a 32-story mixed-use building scheduled to open in 2020.

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