Davie Bank Sells Development Site in Fort Lauderdale

By GlobeSt News Hub

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FORT LAUDERDALE, FL-Davie-based Floridian Community Bank has sold a development site located in Fort Lauderdale at a discount. The bank, which snapped up 16 properties in August from America Flagler 46, has sold the properties on December 23 to Miami Beach-based Danica Properties for $1.4 million.

The properties include five multifamily buildings, six single-family homes and five vacant parcels at 420-515 N.E. First Ave., 521-549 N.E. Second Ave. and 115 N.E. Fourth St. The development site was sold at a 60% discount. For the full story, go to South Florida Business Journal .

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Categories: Southeast, Sales, Acquisitions/Dispositions, , Distressed Assets, Scope, Fort Lauderdale