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Parkland development site sold to Centerline Homes – South Florida Business Journal

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Centerline Homes has picked up a Parkland, Florida, development site for $50.5 million, the South Florida Business Journal reported on Thursday. The deal is for a 151.5-acre site located at 7240.

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The project, dubbed 501 Seventeen by developer Ram Realty Advisors of Palm Beach Gardens, is scheduled to occupy the site of a current. commercial projects in South Florida and North Carolina.

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It purchased the mortgage from Florida Community Bank. the debtor filed a motion to sell the property free and clear of liens for $10 million to FLL Resorts, a Parkland-based company managed by.

but the development isn’t expected to open before 2017 or 2018. Although South Florida home values have improved dramatically in the past three years, not even Marino, 53, could escape the rush of the.

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