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Announcement

Owner of Sedanos supermarket chain sells 86 acre home site!!!

By
Cashflow In Miami
on
July 18, 2020

1100 W Palm dr , Florida City

A company affiliated with the CEO of Sedano’s Supermarkets sold an 86-acre property slated for a home community in Florida City for $33.8 million.

Sedano’s CEO Agustin Herran

A company tied to Agustin Herran, the CEO of Sedano’s and a former board of director of Miami-based U.S. Century Bank, sold the site to Brickless Developer Group, which is managed by Nelson Delgado. The property at 1100 West Palm Drive in south Miami-Dade County sold for $392,000 per acre, records show.Herran’s GREC HOMES IX LLC was planning to build a home community at the site called Keys Edge Development. The development was planned to have 389 single-family homes, 174 townhomes and 624 apartments, according to its website.The buyer got $32.6 million in financing from the seller.GREC HOMES IX bought the property for $17.1 million in 2005, records show.

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