14779 NW 97th Ave, Hialeah, Florida (Photo: Courtesy Photo)
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A new garden-style multifamily community in Hialeah traded for $90 million, underscoring the notion that the once-overlooked Miami-Dade County community is poised for more real estate interest.
An affiliate of AvalonBay Communities Inc., an Arlington, Virginia-based real estate investment trust, bought Altis Bonterra from an affiliate of Boca Raton-based Altman Development Corp., according to public records. The deal closed Aug. 13, and the new deed was posted Wednesday.
The 314-unit renamed Avalon Bonterra comprises about 16 three-story buildings with a swimming pool, according to the Miami-Dade property records. It was completed last year.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
