Family that owns Channel 7 buys land in Miramar from Walmart for $14M

The family of billionaire Edmund Ansin has no immediate plans for the 28.7-acre site at the northeast corner of Flamingo Road and Miramar Parkway

Mar.March 10, 2018 10:00 AM

Edmund Ansin (Credit: Boston Globe)

The family of billionaire Edmund Ansin, which owns South Florida television station WSVN-Channel 7, bought 28.7 acres in Miramar from retailer Walmart for $14 million.

Walmart sold the vacant land at the northeast corner of Flamingo Road and Miramar Parkway to the Ansin Family Trust, headed by Andrew Ansin, the son of Edmund Ansin who runs the Miramar Park of Commerce, a business park with five million square feet of industrial space.

The deed to the 28.7-acre site includes a restriction that prevents the Ansin family from leasing the land to a retail chain similar to Walmart or Sam’s Club or to an online retailer that would build a fulfillment center on the site.

The Ansins, who own WSVN’s parent company Sunbeam Television, have no immediate plans for the property, a representative of the family told the South Florida Business Journal.

Walmart, which bought the property in 2005 for $10.22 million, had planned to build 253,000 square feet of commercial space there with a partner called Master Development, but the project never advanced to the construction phase. [South Florida Business Journal] – Mike Seemuth

Related Articles

3055 North Miami Avenue and Alex Vadia (Credit: Midtown Opportunities, TAMZ)

Controversial Walmart site in Midtown Miami sells for $26M

IDI Logistics CEO Mark Saturno and 11600 Miramar Parkway (Credit: iStock)

IDI Logistics sells massive warehouse portfolio in Miramar for $117M

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama