Homebuilder picks up 22 parcels in Coconut Grove for $25M

Send Enterprises LLC, managed by Douglas Cox and Nicole Pearl, also obtained a $25M mortgage loan from Fuse Funding

Mar.March 03, 2019 03:00 PM

Coconut Grove (Credit: Miami Luxury Homes)

A South Florida homebuilder acquired 22 parcels in Coconut Grove for $25 million.

Send Enterprises LLC acquired the parcels and got a $25 million mortgage loan from Fuse Funding in connection with the acquisition.

The managers of Send Enterprises are Douglas Cox and Nicole Pearl in Coral Gables. Cox has developed many of the newer houses in Coconut Grove.

The sellers of the 22 parcels are three companies managed by Phillip Sylvester: Set Dynasty LLC, Set Grove 4 LLC and Galleria Realty Corp.

Twenty of the 22 parcels are a mix of vacant lots, houses and townhouses. The other two parcels are units at the Bridgeport Villas condominium. [South Florida Business Journal]Mike Seemuth

Related Articles


Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

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

PB Gardens condo community seeks yet another contractor to repair its buildings

Pompano upzones Ocean Boulevard site for 19-story condo next to city park