Miami-based Cymbal Development paid $11.5 million for the prime site across the river from the Broward Center for the Performing Arts. The seller was Cabi New River, an affiliate of Aventura-based Cabi Developers.
December 30, 2011 at 12:00 AM
1 minute read
Cymbal Development hopes to bring a mixed-use project to Fort Lauderdale’s New River, helping fuel a new wave of construction along the river in the city’s downtown.
Miami-based Cymbal paid $11.5 million for the prime site across the river from the Broward Center for the Performing Arts. The deal closed late Wednesday, according to a Cymbal news release.
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