MIAMI (May 7, 2021)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, today announced the sale of a 2.9-acre development site at 17990 W. Dixie Highway, for $10.3 million. Arbor Management Acquisition Co., under the entity AMAC Holdings III LLC, acquired the site from West Dixie Holdings LLC, part of Transamerican Development Corp. Adam J. Tiktin, president and broker of TREIS, represented Seller. Adam Freeman of Coldwell Banker represented the Buyer. Closing took place May 6th.

The buyer is an affiliate of New York-based AMAC, led by CEO Ivan Kaufman and principal/co-founder Maurice Kaufman. AMAC plans to transform the site into Aventura Park, which would include an 8-story, 236,740-square-foot building and a 6-story parking garage with 290 apartments, 1,450 square feet of retail and 435 parking spaces.

The property sits along the Oleta River, across from Greynolds Park, in the Ojus Urban Area District.

For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.