Thomas tells GlobeSt.com her client has received permission to reclassify the property, currently used as a parking lot, for multifamily use.
Located east of Interstate 95, the property is now suitable for development as a multifamily project with a density of 32 units per acre, or a total of about 99 units . "There are very few of those parcels left east of I-95," Thomas says.
She says the buyer has not yet filed site development plans and referred all questions about the buyer's identify to Tony Caserta, a broker with Boca Raton-based Camino Realty Corp., which represented the buyer. He did not respond to a request from GlobeSt.com for additional information.
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