Jon Jaffe And Stuart Miller Of Lennar Acquire 20-Acre Development Site In Pompano Beach For $50M

A 20-acre development site located at 777 Isle Of Capri Boulevard in Pompano Beach was sold for $50 million. This site is part of The Pomp mixed-use project, which plans for the development of 426 condos and townhomes, with Lennar retaining an option to purchase finished homesites.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $50,000,000
• Buyer: Jon Jaffe & Stuart Miller
• Buyer Agency: Lennar
• Seller: Tom Reeg
• Seller Agency: Caesars Entertainment
• Seller: David Cordish
• Seller Agency: Cordish Companies
• Market: Pompano Beach
• Acres: 20

The transaction includes prominent figures in the real estate and entertainment sectors, with Jon Jaffe and Stuart Miller from Lennar representing the buyer's interests. The sellers, Tom Reeg and David Cordish, are affiliated with Caesars Entertainment and Cordish Companies, respectively, highlighting the collaboration between major entities in the development project.