A West Palm Beach developer paid a landmark $2.3 million per acre in a $15.4 million deal to acquire land in the hot Sunrise submarket.
May 22, 2014 at 02:00 PM
1 minute read
A West Palm Beach developer has completed a landmark $15.4 million land deal in Sunrise, paying $2.3 million per acre in an area popping with interest from large-scale developers.
The Richman Group of Florida acquired the 6.9-acre multifamily development site, gaining control of land adjacent to Metropica, one of the biggest projects proposed for South Florida.
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