Update: Related Ross to pay $46M for Wellington-owned farmland

Related Ross will buy 71 acres of village-owned land in Wellington for $46.3 million, after an amended purchase agreement was approved Tuesday. The firm of billionaire developer and Miami Dolphins majority owner Steve Ross previously agrreed to pay $28.3 million for the eastern portion of the former K-Park Parcel where hotels, retail, and residences are planned. Singapore-based Education in Motion was to pay $18 million for the western portion, where a preK-12 school called Wingrove Academy will be built. But Education in Motion withdrew from its purchase agreement, and Ross picked up the entire purchase of the property, at 10400 […]This article originally appeared on The Real Deal. Click here to read the full story.