News

Know about market updates

Ojus development site trades for $6.4M

Ojus development site trades for $6.4M
Buyer has renderings for seven-story building on site
September 23, 2015 03:00PMBy Sean Stewart-Muniz

An aerial view of the lot at 17990 West Dixie Highway and a rendering of the site from Transamerican

A chunk of vacant land in Ojus, an unincorporated neighborhood between North Miami Beach and Aventura, was just sold to a developer for $6.435 million, The Real Deal has learned. 
The land is split into three parcels at 17990 West Dixie Highway in North Miami Beach. Two of the parcels are side-by-side and face West Dixie, while the third is separated by a small easement to the west. Altogether, they measure roughly two acres and are sandwiched between a condo complex to the south and single-family homes to the north.
The seller is Aventura Village LLC, which paid $1.65 million to acquire the parcels in 2003. Corporate records show the company is managed by Christopher G. Korge, a Miami lawyer and real estate developer.
A source close to the deal said the seller received just lesss than $4.4 million for the property.
A deed recorded Wednesday in Miami-Dade County transferred ownership to West Dixie Holdings, managed by Albert Benalloun. He’s a principal of the Transamerican Development Corp. based in Miami Beach. The company’s website has a rendering for the site, showing a seven-story building of unknown use. Benalloun was Attempts to reach both Benalloun and Korge were unsuccessful by deadline.
Engin Yergin and Steven Brosky of brokerage Common Capital Partners represented the buyer for this deal.
Yergin told TRD that the sellers were represented by Barry Goldmeier. His LinkedIn page shows that he is the owner of Goldmeier & Associates Property Brokerage & Consulting, as well as a member of the LandKo Investments development firm.


Source: The Real Deal

Leave a Reply

Your email address will not be published. Required fields are marked *