BBX brings on Altman to develop piece of Hialeah community

Partners expect to deliver new units by early 2017

TRD MIAMI /
Jan.January 05, 2016 03:45 PM

BBX Capital Corp. has partnered with the Altman Companies, a Boca Raton-based builder of multifamily homes, to help develop a piece of the upcoming Bonterra community in Hialeah.

The two companies entered into a joint venture and will develop Altis at Bonterra, a 14-acre apartment community with 314 units.

It will be located at the northwest corner of the 128-acre Bonterra community, which sits between Northwest 97th Avenue and I-75.

Apartments at the community will come in one, two and three-bedroom configurations that average 1,063 square feet. Their features will include granite and marble countertops, energy star appliances and contemporary cabinets, according to a news release.

The two companies expect to deliver Altis at Bonterra by early 2017.

This is the third community BBX and Altman have partnered on, with previous projects including: Altis at Kendall Square with 321 units in Miami, and Altis at Lakeline with 354 units in Texas.

BBX recently sliced off a 36-acre chunk of Bonterra for the Lennar Corp., which paid $24 million for the land and is planning to build its own selection of homes there. BBX still controls 92 acres of the Bonterra project. When completed, the housing development will have 1,171 houses and apartments — including the Lennar portion.

The company and its partner CC Homes recently began construction on a third of the community. — Sean Stewart-Muniz


Related Articles

arrow_forward_ios
BBX Capital’s Alan Levan and Altis at Bonterra

BBX Capital, Altman sell Altis at Bonterra in Hialeah for $90M

Bluegreen Vacations to go private – again

Fort Lauderdale-based BBX Capital and its partners sell Orlando rentals for $63.7M

BBX Capital to purchase 50% stake in the Altman Companies for $23M

Miami board approves three mixed-use projects in Coconut Grove, Little Havana and Wynwood

Altman completes apartment complex at former business park in Boca Raton

BBX, partner score construction loan for Pembroke Pines project

Bluegreen Vacations files for IPO to
raise $100M

arrow_forward_ios