Prolific developer Terra bought sprawling acreage for $52 million in Miami-Dade County's biggest land deal of 2019 with financing help from Aztec Group Inc.
Aztec Group managing directors Jason Shapiro and Sean Harrington in Miami secured a $43 million loan for the acquisition and some of the horizontal development work.
Terra, which has developed high-end condominiums in Miami's Coconut Grove and Miami Beach among other projects, wants to build 1,369 apartments on 70 acres northwest of Hialeah between Interstate 75 and Florida's Turnpike.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.