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

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

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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.