Bluenest brings market-rate townhomes as Miami Gardens turns investors’ heads

The Chraibi brothers scored rezoning approval this week for a complex with 224 townhomes in Miami Gardens.  Bluenest Development, led by Salim and Kamil Chraibi, is under contract to buy the 21-acre site for about $14 million, with the deal expected to close by year’s end, according to sources familiar with the matter. The Chraibis declined to comment on the price for the land at 20700 Northwest 42nd Avenue. Cushman & Wakefield’s Scott O’Donnell, who marketed the site on behalf of the seller, an affiliate of media company iHeart Media, also declined to disclose the price. The majority of homes […]This article originally appeared on The Real Deal. Click here to read the full story.