DRT Global Real Estate Closes on 181 Acre Deal in South Florida
MIAMI, June 10, 2014 / PRNewswire – International real estate firm DRT Global Real Estate, LLC successfully negotiated a $19.1 million deal, the largest land deal of the year in South Florida for 181 acres of prime residential land in northwest Miami-Dade County, on behalf of its client, Mazel Group, LLC.
Brooklyn-based Mazel, associated with developer Yehuda Backer, takes control of six parcels of unincorporated land, once home to the defunct California Golf Club. The six non-contiguous lots, situated west of I-95 near Northeast Second Avenue, contain 30 acres of man-made lakes and are zoned to permit 702 housing units, a maximum six per acre, leaving 61 percent open space.
Zoning also stipulates that any development includes a community park with baseball and soccer fields, dog runs, pavilions, and rest areas.
About DRT Global Real Estate, LLC
DRT Global Real Estate, LLC represents investment groups throughout the Americas and worldwide looking for significant real estate investment opportunities.
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