Homebuilder exec nabs 14-acre site along Okeechobee Boulevard

Miami /
Apr.April 15, 2015 12:45 PM

A company tied to an Ansca Homes executive paid $7.2 million for a 14-acre vacant site in West Palm Beach, The Real Deal has learned.

Ansca’s Charles M. Scardina Jr. acquired the site, which is next door to Land Rover Palm Beach, through his company CMSJR Development Group, county records show. The property’s current zoning is general commercial, and it’s located at 7000 Okeechobee Boulevard.

CMSJR also obtained a $5 million mortgage from Florida Community Bank. The site was listed for $7.6 million on Loopnet.

The seller is affiliated with Robert W. Simpson, who inherited and later sold Palm Beach Motor Cars Limited, which includes its Jaguar, Aston Martin and Range Rover dealerships, in December 2013 for $21 million, according to Palm Beach County property records. Simpson has minority ownership and dealer principal status until the end of 2016, the Palm Beach Daily News reported in 2013.

Ansca Homes is a Boynton Beach-based homebuilder. The company’s projects include Villagio Reserve in Delray Beach and Palazzo Casa Brera in Lake Worth.


Related Articles

arrow_forward_ios
Dion De Cesare with 900 North Congress Avenue (Google Maps, Broward County, Getty)
Criminally charged ex-West Palm club owner’s properties face forfeiture
Criminally charged ex-West Palm club owner’s properties face forfeiture
Affiliated Development’s Nick Rojo and Jeff Burns with a rendering of 2501 Spruce Avenue (Affiliated Development, Rinka)
Affiliated aiming higher on West Palm rental project
Affiliated aiming higher on West Palm rental project
Two Roads Development’s Reid Boren and Taylor Collins with Frisbie Group’s Dave, Rick and Robert Frisbie Sr. and renderings of South Flaglar House (Two Roads Development, Frisbie Group, The Boundary with Noe & Associates, Getty)
Two Roads’ suit spells trouble for Frisbie’s West Palm condo project
Two Roads’ suit spells trouble for Frisbie’s West Palm condo project
Related Companies' Stephen Ross with One Flagler, 360 Rosemary, and 515 Fern
Mapping out Steve Ross’ South Florida empire
Mapping out Steve Ross’ South Florida empire
GL Homes' Dick Norwalk and Miami-Dade County Mayor Daniella Levine Cava (GL Homes, Miami-Dade, Third District Court of Appeals)
Court ruling throws wrench in GL Homes’ Calusa project
Court ruling throws wrench in GL Homes’ Calusa project
Immocorp Capital's Gilbert Benhamou and a rendering of Northwood Square (LinkedIn; renderings via Kobi Karp)
West Palm approves Immocorp’s mixed-use project in Northwood
West Palm approves Immocorp’s mixed-use project in Northwood
BD Hotels' Richard Born with rendering of planned Nora district (Richard Born by Studio Scrivo, NDT, Getty)
New York hotelier joins West Palm Beach megaproject
New York hotelier joins West Palm Beach megaproject
Speaker Spotlight: Get to know Jeff Greene
Speaker Spotlight: Get to know Jeff Greene
Speaker Spotlight: Get to know Jeff Greene
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...