SP Developments And Continua Developments Acquire Block Of Hialeah Homes For $23.5M, Plan 612-Unit Apartment Complex

SP Developments and Continua Developments have purchased a block of Hialeah homes for $23.5 million. The 3.6-acre development site will be used to build a 612-unit apartment complex. The project has already secured zoning approval, and the final plans will be submitted next year. The completion of the project is targeted for 2026.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $23,500,000
• Market: Hialeah
• Buyer: SP Developments - Daniel Jaramillo & Tomas Sinisterra; Continua Developments - Pablo González
• ACRES: 3.6

The buyers involved in the transaction are Daniel Jaramillo, Tomas Sinisterra, and Pablo González. SP Developments and Continua Developments have joined forces to acquire the Hialeah homes and pursue the development of the apartment complex. With their collective expertise, they aim to create a thriving residential community in the area.