Stalled development project sold for $13 million

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Stalled development project sold for…

A long-stalled transit-oriented development project at the South Miami Metrorail Station has been sold to a new developer.

Hometown Station Ltd., managed by Machado Ford President Gus Machado, assigned the lease with Miami-Dade County Transit for $13 million to TREO Somi Station LLC, an affiliate of Miami-based the Treo Group. The buyer is managed by Carlos A. Ortega, Eduardo J. Garcia, Rolando Delgado, and Otto Boudet-Murias.

The lease covers about 6.2 cares of vacant land and a parking garage…

Author: GH.Writer

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Stalled development project sold for $13 million

Author: GH.Writer

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