Centerline snags 90-acre dev site in south Miami-Dade

The Sunrise-based real estate firm bought the property for $75K per acre

TRD MIAMI /
Jan.January 06, 2020 01:30 PM
Centerline Capital Advisors President Craig Perry and 17101 Southwest 200th Street (Credit: Google Maps)

Centerline Capital Advisors President Craig Perry and 17101 Southwest 200th Street (Credit: Google Maps)

Centerline Capital Advisors paid $6.75 million for 90 acres in south Miami-Dade County that could be redeveloped into a home community.

Sunrise, Florida-based Centerline bought the property at 17101 Southwest 200th Street for $75,000 per acre, records show. Francis Dirico of Key Largo sold the property.

The property is close to the Redlands and south of the Zoo Miami. It was previously home to a large mobile home park and is permitted for 349 mobile home units, according to a listing on LoopNet. It is currently zoned for one home per five acres.

The site last sold for $1.85 million in 1999, records show.

Centerline Capital Advisors, formed in 2014, focuses on land acquisition, development, construction, property management and financing. The company is led by President Craig Perry. In August 2018, Centerline Capital Advisors bought a development site in Parkland for $50.5 million.

Homebuilders are increasingly buying land in south Miami-Dade, as land becomes more scarce closer to the urban core. One of the country’s largest homebuilders, Miami-based Lennar, is one of the most active land acquirers in the area.

In August, the company paid $22.1 million for roughly 85 acres in Homestead, west of Southwest 152nd Avenue. The company also spent $4.5 million for 32.7 acres of farmland near Zoo Miami.


Related Articles

arrow_forward_ios
D.R. Horton CEO David Auld with a photo of a D.R. Horton multifamily home and rendering of the Arden planned community 

D.R. Horton to build homes in western Palm Beach County

Brent Baker and a Pulte single-family home

PulteGroup nabs 20 acres in Lauderdale Lakes for new home community

Donald Trump, Vanilla Ice and Briny Breezes (Credit: Getty Images)

Trump Town? Briny Breezes wants to sell for $1B

A rendering of Via Ventura and Stuart Miller (Credit: Lennar)

Lennar sells off part of its Via Ventura community

4001 Seminole Pratt Whitney (Credit: iStock)

Minto sells 35 acres of Westlake project

Orangebrook Mobile Home Estates and Carlyle Group co-CEOs Kewsong Lee and Glenn A. Youngkin (Credit: Google Maps, Carlyle Group)

Private equity giant scoops up mobile home park in Hollywood

Arden home community and Stuart Miller

Lennar picks up 50 lots in western Palm Beach County

Daily Digest Miami

SoftBank brings on Marcelo Claure to help turn around WeWork, Hallandale Beach project scores $100M loan: Daily digest

arrow_forward_ios
Loading...