FCI Residential buys multifamily development site in Miramar

Seller is tied to media billionaire Edmund Ansin

TRD MIAMI /
Jul.July 25, 2018 09:45 AM

4797 Flamingo Road and Andy Ansin

FCI Residential, the development arm of sugarcane giant Florida Crystals, just paid $16.1 million for a 29-acre multifamily development site in Miramar, property records show.

Ansin Group LTD, led by James Goggins, Andrew Ansin and Rodney Bacher, is the seller. Ansin is the son of the media billionaire Edmund Ansin, whose holdings include South Florida television station WSVN-Channel 7. He and his family developed the 5-million-square-foot Miramar Park of Commerce.

Records show the site allows for up to 300 residential units, with no more than 120 units containing three or more bedrooms. The land sits on the west side of Red Road just south of Florida’s Turnpike Homestead Extension. Previous sale information was not available online.

The Ansin family has sold other property in the area. Last year, South Florida developer Charles Scardina Jr. purchased a neighboring vacant lot from a company led by Edmund Ansin for $12.7 million, with plans to build a 380-unit apartment complex.

The sugar barons behind Florida Crystals are also active in Miramar. The company recently completed the Atlantico at Miramar after breaking ground on the 340-unit project in 2015, with a $42.7 million loan. 


Related Articles

arrow_forward_ios
Jim Carr and Bruce Park (Credit: Google Maps)

Univision sells Miramar site to BBX and CC Homes

Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

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

TIAA sells Weston warehouse for $33M

Rendering of the Miramar project, Tom Godart

Altman closes on development site of mixed-use Miramar project for $35M

A rendering of the planned headquarters

Spirit Airlines plans to build $250M HQ campus in Dania Beach

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

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

arrow_forward_ios
Loading...