Owner of former state hospital wants $1.29M refund

Miami /
Aug.August 02, 2015 12:00 PM

A development firm that acquired a former state hospital in Lantana is requesting a $1.29 million refund because the property is about six acres smaller than the state advertised.

Lantana Development LLC will ask Gov. Rick Scott and the Florida Cabinet to approve its refund request.

The Florida Cabinet approved the $15.6 million sale of the former A.G. Holley state tuberculosis hospital in Lantana in March 2014.

Southeast Legacy, a limited liability company based in Delaware, was the top bidder for the former state hospital, advertised as a 79.2 acres in size.

Soon after the sale, Southeast Legacy determined that the property is actually 73.2 acres and subsequently transferred the deed to Lantana Development LLC.

The Palm Beach Post reported in 2014 that Lantana Development LLC is a venture by Southeast Legacy and the Wexford investment firm.

State officials confirmed that the advertised size of the property was an estimate, but contended it was sold on an “as is, where is” basis.

The state Department of Environmental Protection rejected requests by Lantana Development to lower the price based on the actual size of the hospital property.

David Clark, deputy director of the department’s Division of State Lands, said that, in the language of the sale contract, “if the buyer obtains a survey of the property, nothing contained therein shall affect the purchase price or terms of this agreement.” [Sun-Sentinel]Mike Seemuth


Related Articles

arrow_forward_ios
319 North Atlantic Drive and Richard Breeden (Douglas Elliman, Getty)
Ex-SEC head known as “King Richard” buys Lantana mansion
Ex-SEC head known as “King Richard” buys Lantana mansion
Thomas M. Herzog of Healthpeak Properties and 3061 Donnelly Drive, Meridian at Lantana (Credit: Google Maps)
Healthpeak sells senior housing facility in Lantana at huge discount
Healthpeak sells senior housing facility in Lantana at huge discount
1310 West Lantana Road
Motel 6 in Lantana sells to Hare Krishna company for $6M
Motel 6 in Lantana sells to Hare Krishna company for $6M
Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site
Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site
Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site
Related buys Water Tower Commons dev site in Lantana
Related buys Water Tower Commons dev site in Lantana
Related buys Water Tower Commons dev site in Lantana
Soffer family, Stephen Ross among big donors to Florida Senate candidates
Soffer family, Stephen Ross among big donors to Florida Senate candidates
Soffer family, Stephen Ross among big donors to Florida Senate candidates
Scott requests to freeze property insurance rates following Hurricane Michael
Scott requests to freeze property insurance rates following Hurricane Michael
Scott requests to freeze property insurance rates following Hurricane Michael
Get off my beach! New Florida law gives property owners some control over beaches
Get off my beach! New Florida law gives property owners some control over beaches
Get off my beach! New Florida law gives property owners some control over beaches
arrow_forward_ios

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

Loading...