Maximiliano Mustafa's Pride Developments Acquires Oceanfront Site In Hollywood For $21M

Argentine developer Maximiliano Mustafa's Pride Developments has acquired a vacant oceanfront site in Hollywood for $21 million. The development site, located at 1900, 1901 & 1915 South Surf Road, spans an area of 0.8 acres. The site has already been fully approved for a 25-unit luxury condo project. This acquisition marks Mustafa's debut in South Florida real estate.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $21,000,000
• Address: 1900, 1901 & 1915 South Surf Road
• Market: Hollywood
• Asset Type: Development Site
• Acres: 0.8

The buyer, Maximiliano Mustafa, represents Pride Developments in this deal. On the other hand, the seller is Luis Stabinski. With the plans for a 25-unit luxury condo project already in place, Mustafa aims to make a mark in the South Florida real estate market.