Stuart Miller Of Lennar Acquires 152.2 Acre Development Site In Sunrise For $164.6M

The development site located at 7400 Northwest 24th Place in Sunrise encompasses 152.2 acres and was sold for $164.6 million. It is approved for the construction of 900 homes, marking a significant transaction in the real estate market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $164,600,000
• Buyer: Stuart Miller - Lennar
• Seller: Armando Codina & Jim Carr - CC Homes; Ronald DiGasbarro
• Asset Size: 152.2 acres
• Market: Sunrise

CC Homes, represented by Armando Codina and Jim Carr with partner Ronald DiGasbarro, successfully sold the Soleterra residential development site, previously a golf course, to a land bank affiliated with Lennar Corp. The transaction involved DRP Greenbough 2 LLC of DW Partners, which is linked through an option agreement with Lennar.