Auto magnate sells a Homestead dealership for $19M

Terry Taylor developed the dealership

Oct.October 10, 2019 11:45 AM
1075 Southeast Sixth Avenue and Arnaldo Bomnin (Credit: Google Maps)

1075 Southeast Sixth Avenue and Arnaldo Bomnin (Credit: Google Maps)

Auto magnate Terry Taylor sold a new dealership in Homestead to Bomnin Auto Group for $19 million.

Property records show TT of Homestead Inc. sold the former Keith Pierson Chevrolet Superstore at 1075 Southeast Sixth Avenue to Bomnin Automotive CC. It’s now called Bomnin Chevrolet Homestead.

Taylor, who owns a penthouse at Porsche Design Tower, is one of the biggest car dealers in the country. Last year, he paid nearly $48 million for a dealership in Royal Palm Beach.

Taylor’s company paid $960,000 for the 8.6-acre property in 2016, records show. The 60,870-square-foot building was completed in 2018.

Bomnin Auto Group, led by owner Arnaldo Bomnin, has been expanding in South Florida. The company owns Bomnin Chevrolet Dadeland, Grand Prize Chevrolet and Bomnin Chevrolet West Kendall. Last year, the company paid $25 million for the former Toys “R” Us building next to the Dadeland dealership, giving Bomnin an additional 4 acres of land.

Homebuilders like Lennar Corp. are continuing to develop large swaths of land in Homestead. In August, Lennar paid $22.1 million for roughly 85 acres west of Southwest 152nd Avenue. That property is zoned for 770 residences.

Related Articles

Homestead school and Achikam Yogev

Aspira sells third South Florida charter school

The Eureka Drive site, Deme Mekras, Elliot Shainberg

Garco buys Miami-Dade land for multifamily project

NextEra Energy CEO James Robo and the property off the Florida Turnpike at Southwest 261st Street (Credit: Facebook and Google Maps)

FPL buys 109 acres near Homestead for natural gas facility

Stuart Miller and Southwest 152nd Avenue in Homestead

Lennar picks up land assemblage in Homestead

From left: Enrique Teran, Ines Hegedus-Garcia and Andres Korda

Avanti Way acquires Homestead brokerage, hires new director

From top left, clockwise: Homestead Pavilion, 14700 Caribbean Way, The Radice III, Congress Corporate Plaza and U.S. Customs & Border Protection building

Here are South Florida’s top commercial sales in May

Alan Esquenazi and Warren Weiser of CREC

Homestead shopping center sells for $62M

Stuart Miller and Silver Palms Royal Collection

Lennar launches sales, breaks ground on new community in south Miami-Dade