Auto magnate sells a Homestead dealership for $19M

Terry Taylor developed the dealership

TRD MIAMI /
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

arrow_forward_ios
Johan Andreassen and Bjorn-Vegard Lovik with the facility

Homestead salmon farm reels in $210M construction loan

Homestead salmon farm reels in $210M construction loan
Barry Sternlicht and the Villa Biscayne Apartments (Credit: Highmark Residential/VHT Studios)

Starwood snags Homestead apartment complex for $28M

Starwood snags Homestead apartment complex for $28M
MMG Equity Gabriel Navarro and 3338 Northeast 7th Street (Credit: Google Maps)

MMG Equity Partners sells Homestead shopping center for $23M

MMG Equity Partners sells Homestead shopping center for $23M
Homestead school and Achikam Yogev

Aspira sells third South Florida charter school

Aspira sells third South Florida charter school
The Eureka Drive site, Deme Mekras, Elliot Shainberg

Garco buys Miami-Dade land for multifamily project

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

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

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

Avanti Way acquires Homestead brokerage, hires new director
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...