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.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Naples Comprehensive Health Enhances Storm Preparedness
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
FOSTERING SUCCESS ANNOUNCES 2026 SCHOLARSHIP RECIPIENTS
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131