The Real Deal Miami

Dania Beach condo-zoned parcel sells for $1.6M

Developer enthusiasm has spilled over to South Florida's submarkets

September 12, 2013 12:00PM

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Dania Beach

Dania Beach

Asset Recovery X LLC, registered to a Plantation-based business compliance advisory, sold a 1.94-acre parcel of land in Dania Beach for $1.6 million, according to the seller’s agent, Avison Young, the world’s fastest-growing commercial real estate company.

Village of Dania Beach LLC, managed by Miami-based AHS Development Group, was the buyer.

Zoned for up to 75 units per acre and up to seven stories, the parcel was marketed and sold in less than four months, a testament of developers’ renewed enthusiasm for South Florida submarkets.

Some 150 condo towers have been proposed for construction in South Florida. — Emily Schmall

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