Cemex digs into northwest Miami-Dade with $33M purchase of over 150 acres

Cement maker supplies a significant number of South Florida real estate projects

Miami /
Sep.September 10, 2021 05:30 PM
Cemex CEO Fernando González (Cemex)

Cemex CEO Fernando González (Cemex)

A global cement conglomerate is expanding its footprint in northwest Miami-Dade.

The Florida arm of Cemex paid $33 million for 152 acres of undeveloped land at Northwest 138th Street and Northwest 127th Avenue near Okeechobee Road, just west of the Florida Turnpike.

Miaprop LLC, an entity managed by Timothy Barket and Kelly Barket Jr., sold the property, records show.

The site is near Cemex’s 6,000-acre FEC Quarry where Cemex processes more than 8 million tons of crushed stone annually. Cemex supplies cement mix for a host of construction activities across Florida, from commercial and residential projects to roads and highways.

Cemex delivered more than 40,000 cubic yards of concrete mix used to build the 450-foot Guitar Hotel at Seminole Hard Rock Hotel & Casino Hollywood.

The site Cemex acquired is near several big real estate projects.

Terra is building the 460-unit multifamily complex Natura Gardens along Northwest 170 Street between I-75 and Florida’s Turnpike near Miami Lakes. The Coconut Grove-based firm also sold 45 acres to Butters Group and Greystar for $53.5 million. The partnership is planning 500,000 square feet of industrial space and a 360-unit multifamily community.

On a vacant triangle between I-17 and the Turnpike’s Homestead extension, Canadian developer Triple Five Group, led by the Ghermezian family, is planning the American Dream Mall. The project entails 3.5 million square feet of retail space, a massive theme park and 2,000 hotel rooms.






    Related Articles

    arrow_forward_ios
    South Florida residential sales rose in August, but single-family closings fell across the tri-county region. (iStock)
    South Florida single-family home sales decline in August as inventory shrinks
    South Florida single-family home sales decline in August as inventory shrinks
    Todd Glaser flips office dev site to Palm Beach Jewish Center
    Todd Glaser flips office dev site to Palm Beach Jewish Center
    Todd Glaser flips office dev site to Palm Beach Jewish Center
    Alex Rodriguez and Constantine Scurtis at far right (Getty)
    A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
    A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
    Jimmy Butler, Reshma Sohoni and 8975 SW 63 Court (Getty, Google Maps)
    Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
    Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
    Castro Properties President Terri Keogh and one of the Wawa's (Castro, SRS Real Estate Partners)
    Fill ’er up: Two South Florida Wawa gas station convenience stores sell for a combined $22M
    Fill ’er up: Two South Florida Wawa gas station convenience stores sell for a combined $22M
    Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
    Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
    Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
    South Florida construction starts more than triple in June
    South Florida construction starts more than triple in June
    South Florida construction starts more than triple in June
    Judge Michael Hanzman and the site at 8777 Collins Avenue (Miami-Dade Circuit Court, Getty)
    Judge overseeing Surfside collapse litigation chastises town over proposed downzoning
    Judge overseeing Surfside collapse litigation chastises town over proposed downzoning
    arrow_forward_ios

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

    Loading...