55-acre site near Hialeah hits the market for $15M

Owner is offering to fill Lake Carmen for $7M

Miami /
Apr.April 21, 2020 08:45 AM
 The site and listing brokers Markos Bertolotti and Carlos Fausto Miranda

The site and listing brokers Markos Bertolotti and Carlos Fausto Miranda

A 55-acre development site northeast of Hialeah hit the market for $15 million.

A company controlled by Ricardo Rodriguez, a civil highway contractor, is looking to sell the assemblage at 1700 Northwest 119th Street, property records show. The site includes a lake, which Rodriguez is offering to fill for another $7 million, though a buyer could hire someone else to fill it.

It’s on the market with Markos Bertolotti and Carlos Fausto Miranda of Fausto Commercial Realty. The parcels are in between Hialeah, Opa-locka and North Miami, near the new Amazon fulfillment center, Miami Dade College and about a block away from Panattoni Commerce Park.

In 2015, the Miami Herald reported that Rodriguez’s RRR Z Developer LLC had illegally filled in parts of the lake, which feeds into the Biscayne Aquifer. Single-family homes surround the lake, known as Lake Carmen. It was also pitched as a location for Amazon’s second headquarters, according to the Miami New Times.

Density allows for 36 units per acre with a maximum height of six stories, which means that about 1,900 residential units could be built, as well as a substantial retail component and other commercial uses.

Miranda said the seller is focusing on other projects after obtaining MC-UC (Model City Urban Center District) zoning for the assemblage.

Property records show that Rodriguez’s entity paid about more than $1.5 million for the parcels dating back to 2014.


Related Articles

arrow_forward_ios
3750 West 16th Avenue in Hialeah (Courtesy of RG Property Group)
KEI Properties buys Hialeah office-retail property for $8M
KEI Properties buys Hialeah office-retail property for $8M
Horizon Properties pays $33M for Publix-anchored shopping center in Hialeah
Horizon Properties pays $33M for Publix-anchored shopping center in Hialeah
Horizon Properties pays $33M for Publix-anchored shopping center in Hialeah
ARI Financial Group CEO buys Hialeah multifamily-retail portfolio for $42M
ARI Financial Group CEO buys Hialeah multifamily-retail portfolio for $42M
ARI Financial Group CEO buys Hialeah multifamily-retail portfolio for $42M
Lago Mar apartments in Hialeah
RAM buys Lago Mar apartments in Hialeah for $18M
RAM buys Lago Mar apartments in Hialeah for $18M
Rolling the dice: Charter school, apartments planned for Hialeah Park racetrack and casino property
Rolling the dice: Charter school, apartments planned for Hialeah Park racetrack and casino property
Rolling the dice: Charter school, apartments planned for Hialeah Park racetrack and casino property
Medical Properties Trust CEO Edward K. Aldag, Jr. with Hialeah Hospital (Google Maps)
Medical Properties Trust completes $900M portfolio buy with Hialeah Hospital
Medical Properties Trust completes $900M portfolio buy with Hialeah Hospital
Avra Jain closes on Hialeah industrial property for entertainment project
Avra Jain closes on Hialeah industrial property for entertainment project
Avra Jain closes on Hialeah industrial property for entertainment project
Palmetto General Hospital and Medical Properties Trust CEO Edward K. Aldag Jr. (Google Maps)
Medical Properties Trust buys Palmetto General Hospital as part of $900M South Florida expansion
Medical Properties Trust buys Palmetto General Hospital as part of $900M South Florida expansion
arrow_forward_ios

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

Loading...