Developers Armando Codina and Jim Carr have purchased the closed Sunrise Country Club in Fort Lauderdale, Florida, for $12.3 million. The property is a 160-acre development site located at 7400 Northwest 24th Place. The developers plan to transform the site into a 900-home project called Solterra, consisting of single-family homes and townhouses. Financing for infrastructure improvements will be covered through special assessments on future homeowners.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $12,300,000
• Address: 7400 Northwest 24th Place
• Market: Fort Lauderdale
• Acres: 160
• Buyer: CC Homes - Andres Miyares, Armando Codina & Jim Carr
• Seller: Roland DiGasbarro

Armando Codina and Jim Carr, renowned developers, have successfully acquired the closed Sunrise Country Club in Fort Lauderdale. They plan to turn the 160-acre site into a 900-home community named Solterra, which will comprise both single-family homes and townhouses. The developers will finance the necessary infrastructure improvements through special assessments on future homeowners.