CORAL GABLES, FL-Windsor Capital Corp. has recently bought a development site in the Miami area for $3.2 million. Mercantil Commercebank seized the vacant 1.7-acre property over a $2.8-million loan that had entered into foreclosure.
The property is located at 950 Red Road. Marcos Egipciaco of for Miami Lakes-based Sovereign Real Estate Group arranged the deal on behalf of the Coral Gables-based bank. The site is zoned for 180 residential apartments. For the full story, go to South Florida Business Journal .
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