Partnership drops $68M for Coconut Creek 170-acre mixed-use project site

A partnership between 13th Floor Homes, Rosemurgy Properties, Schmier Property Group and Giles Capital Group paid $68 million for 170 acres in Coconut Creek slated for a $1 billion-plus master planned community. The joint venture acquired the site on the west side of Lyons Road between Wiles Road and West Sample Road, according to a press release. The seller is Johns Family Partners, whose principals are descendants of the family that owned the property since the 1900s, records show.  13th Floor Homes and its partners obtained financing from CIBC Bank USA, and were represented by the law firm Nelson Mullins. […]This article originally appeared on The Real Deal. Click here to read the full story.