CORAL SPRINGS, FL-Anthony Pugliese III, a Delray Beachdeveloper, has escaped a foreclosure suit with a short sale. MiamiLakes-based Great Florida Bank filed a foreclosure site againstPugliese's St. Lucie Industrial Properties in 2010 over a$3.35-million loan on the 13.6-acre site in Coral Springs.
The developer planned to construct 198 garden-style apartmentunits on the site at 5401 Wiles Road, but construction never tookplace. Recently, St. Lucie Industrial Properties sold the site toC.S.S. Building & Design for $2.175 million. For the fullstory, go to South Florida Business Journal .
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