Miami investor Ricardo Caporal buys dev site near Westchester

1.4-acre lot is next to the proposed Ludlam Trail and a self-storage site

May.May 03, 2018 12:36 PM

Ricardo Caporal and the property at Bird Road and Southwest 70th Terrace

A company controlled by Miami investor Ricardo Caporal paid $5 million for a development site near Miami’s Westchester neighborhood, property records show.

AmeriLumber Hardware & Building Material Inc. sold the 1.37-acre property on Bird Road and Southwest 70th Court to Altis Ludlam Miami LLC.

The lot is just north of a development site owned by a self-storage company and west of the proposed Ludlam Trail, a 6.2-mile trail intended for cyclists and pedestrians that has yet to be built.

Caporal, founder and president of the Mattoni Group, declined to comment about his plans for the site.

In November, Mattoni paid $10.5 million for commercial units at 1010 Brickell Avenue. The Brickell-based private equity group also invested in a handful of apartment projects in West Miami that were geared toward young professionals and working families.

Related Articles

From left: Phil Gutman, Camilo Lopez and Herve Barbera, with Ofizzina

Bar Invest Group buys office condos in Coral Gables, plans new HQ

Rendering of Soleste Twenty2 and Robert Suris

Estate Companies completes 338-unit West Miami project

Masoud Shojaee and 3650 Bird Road (Credit: Google Maps)

Shoma plans two-tower rental project near Coral Gables

Greystar’s Bob Faith, The Mile (Credit: BuzzBuzzHome)

Greystar sells The Mile apartments for $40M

6855 Sunrise Drive (Credit: Google Maps)

Financier drops $13M for waterfront Coral Gables estate

Liz Hogan and 21 Casuarina Concourse

The biggest piece of land in Gables Estates just hit the market for $50M

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

A rendering of CocoWalk (Credit: iStock)

Sweetgreen expanding to Florida with first locations in Miami