1.92-ACRE MULTIFAMILY DEVELOPMENT SITE SELLS FOR $3.62 MILLION IN FLORIDA

AVENTURA, FLA. — Chateau Aventura has purchased Terzetto at Aventura, a condominium development site in Aventura, for $3.62 million or $43.14 square foot. Located at 2775 N.E. 185th Ave., the 1.92-acre property is approved for a 22-story, 205-unit condo project. Common Capital Partners Inc. represented the buyer; Kevin Kidwell of Sperry Van Ness' Fort Lauderdale, Fla., office represented the seller, MGAL REPH I, II, III LLC, in the transaction.