Univision sells Miramar site to BBX and CC Homes

Buyer paid $2.2M per acre

Jan.January 02, 2020 09:45 AM
Jim Carr and Bruce Park (Credit: Google Maps)

Jim Carr and Bruce Park (Credit: Google Maps)

Univision Communications sold a large development site in Miramar to a company tied to BBX Capital and CC Homes.

Property records show CCB Miramar LLC paid $39 million — or $2.2 million per acre — for the 17.7-acre site at 17500 Southwest 41st Street. The company is controlled by executives from both firms, including Jim Carr of CC Homes and Bruce Parker of BBX Capital.

CCB Miramar also closed on a $14 million loan from Synovus Bank. The property is near Sunset Falls, a GL Homes community of roughly 500 single-family residences.

Univision affiliate HBC Florida Inc. paid $3 million for the land in 1996.

BBX and CC Homes have done joint ventures together in the past. In 2014, they partnered to develop a 394-home community called Bonterra in Hialeah, and sold the last house in that development in 2017, according to BBX’s website. The master-planned neighborhood also includes apartment buildings developed by the joint venture.

And the N.W. 41st street deal isn’t the only big trade in the area of late. Earlier this month, a trust tied to Sunbeam 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.

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