Developer Pays $17M For Site Near Gulfstream Park
The developer of a mixed-use project paid $16.7 million for a property on the edge of Gulfstream Park in Hallandale Beach.
Romagnole Investment Properties acquired the 4.8-acre site from 1000 E. Hallandale Blvd. LLC, led by Chateau Group principal Manuel Grosskopf.
The property currently has a 25,485-square-foot office building. It last traded for $13 million in 2008.
Romagnole Investment Properties owns the 5.3-acre site next door at 1100 E. Hallandale Beach Blvd. It received county approval to redevelop it with 250 high-rise units, 46,865 square feet of commercial space and 45,000 square feet of office space.
Now it appears the developer has room for a second phase.
Source: SFBJ
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