Billionaire TV family sells Miramar property to Florida Crystals

The property sold for about $1M per acre

Dec.December 23, 2019 03:30 PM
Edmund Ansin and the property (Credit: Google Maps)

Edmund Ansin and the property (Credit: Google Maps)

A trust tied to television station billionaire Edmund Ansin sold properties in Miramar to an affiliate of Florida Crystals, where it plans to build an apartment project.

FCI Residential purchased the 28.7-acre site off of Flamingo Road in three separate transactions for $29 million or about $1 million per acre, records show.

The company plans to build 648 apartments and 25,349 square feet of commercial space for a project known as Miramar Station, according to plans filed with the city of Miramar earlier this year. The South Florida Business Journal first reported the proposal.

Edmund Ansin made a fortune off Sunbeam Television. Sunbeam owns WSVN, a Fox affiliate in Miami that became known for its sensationalist news approach. An affiliate of Sunbeam Properties also developed the Miramar Park of Commerce, one of the largest business parks in Broward County.

The Ansin family initially bought the Miramar property from Walmart in 2018 for $14 million.

FCI, the development arm of sugar cane giant Florida Crystals, is developing two other apartment projects nearby.

The company is planning to build Catalina at Miramar, which is approved for 300 apartments between Flamingo Road and Red Road. It is also building Atlantico at Miramar, next to Catalina at Miramar.

FCI Residential was founded in 2012 by Florida Crystals and now owns more than 4,500 apartments across Southern Florida, according to its website.

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