The Real Deal Miami

Bank gets 52 acres in foreclosure

August 21, 2009 09:42AM

U.S Century Bank concluded a $17 million foreclosure suit with Miami Lakes-based 46 Acres LLC by taking over a 52-acre site in northern Miami-Dade County. The vacant site is on the south side of Northeast 215th Street (County Line Road) along San Simeon Way. Bank officials involved in the transaction described it as a friendly foreclosure. A development called Fountains at San Simeon was planned for the site.