Baptist Health sells Publix-anchored Cutler Bay development site for $30M

Baptist Health South Florida cashed out of a large development site near Cutler Bay, selling a planned mixed-use project anchored by Publix for nearly $30 million, the South Florida Business Journal reported. The nonprofit healthcare system sold the 25.5-acre property at the southeast corner of Southwest 112th Avenue and Southwest 248th Street, west of Florida’s Turnpike, to two buyers in two transactions totaling $29.8 million. An affiliate of Delray Beach-based Kolter Group paid $19.8 million for the residential portion of the site, where plans call for Alton Cutler Bay, a six-story apartment project with 330 units on 15 acres. Another […]

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