Armando Codina And James Carr Of CC Homes Acquire 151 Acre Development Site In Davie For $50M

A 151-acre development site located at the northeast corner of Interstate 75 and Royal Palm Boulevard in Davie was sold for $50,000,000. The asset is intended for the construction of luxury single-family homes starting near $2 million each, replacing a prior mixed-use proposal by the seller.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $50,000,000
• Buyer: Armando Codina & James Carr
• Seller: Jackie Soffer
• Buyer Company: CC Homes
• Seller Company: Turnberry Associates
• Market: Davie
• Acres: 151

The transaction involved Armando Codina and James Carr representing CC Homes as buyers, while Jackie Soffer represented Turnberry Associates as the seller. The deal marks a significant shift from the original development vision for the site.