Luxcom bought 71 hectares which could be developed at Palmetto Bay from FPL. Real estate developer Oscar Barbara, CEO and chairman of Luxcom Builders, has bought a $3 million 71 waterfront at Palmetto Bay from Florida Power & Light.
This site is at 6525 SW 152nd St., at the intersection of Southwest 67th Avenue and 148th St.
"The 71 acre land package is the largest recently in the market east of US 1 and is as close to the development anomalies ever served in Miami-Dade County," said Michael Fay, managing director of Miami's Avison Young operations. "This site is ideally positioned adjacent to Deering Bay Yacht and Country Club in the most important area in the residential part of Palmetto Bay and is the last major seaside property with direct access to the sea without bridges and marina pools in the entire region. Attractive interest from local, national and international investors. In the end, we managed to get a mutually beneficial agreement with local buyers."
The Florida Avison Young Capital Market Group negotiates sales on behalf of FPL.
This site is at 6525 SW 152nd St., at the intersection of Southwest 67th Avenue and 148th St.
"The 71 acre land package is the largest recently in the market east of US 1 and is as close to the development anomalies ever served in Miami-Dade County," said Michael Fay, managing director of Miami's Avison Young operations. "This site is ideally positioned adjacent to Deering Bay Yacht and Country Club in the most important area in the residential part of Palmetto Bay and is the last major seaside property with direct access to the sea without bridges and marina pools in the entire region. Attractive interest from local, national and international investors. In the end, we managed to get a mutually beneficial agreement with local buyers."
Palmetto Bay, Florida.
The privately owned Luxcom, based at the 1560 S Dixie Highway in Coral Gables, said it had developed more than 6,000 housing units and more than 500,000 square feet of commercial space developed to date, and sales of more than $1 billion.The Florida Avison Young Capital Market Group negotiates sales on behalf of FPL.
Luxcom bought 71 hectares which could be developed at Palmetto Bay from FPL.
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