The Real Deal Miami

FCI Residential buys multifamily development site in Miramar

Seller is tied to media billionaire Edmund Ansin
By Amanda Rabines | July 25, 2018 09:45AM

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.