July 23, 2014
BBX Capital Real Estate is proposing a large master-planned development in Hialeah to be called Bonterra.
The Fort Lauderdale-based division of BBX Capital Corp., the former parent of BankAtlantic, announced its plans for Bonterra in a written statement released on Wednesday. Bonterra would have 1,171 single-family homes, villas, townhomes and apartments on 128 acres. The community would also include a clubhouse, fitness center, pool, parks and a 15-acre lake.
BBX formed a joint venture with Codina-Carr company CC Devco Homes to build 394 single-family homes within Bonterra.
The firm is seeking a developer to partner with on the construction of 314 rental apartments on a separate parcel. BBX has a contract to sell another property within the site to a homebuilder that is seeking approval for a mix of 463 single-family homes, villas and townhomes.
“With access to Miami, the major highways, inter-county cross roads and public transportation, the planned Bonterra community will have excellent access to employment, major community facilities, schools and universities, recreational facilities, sports venues, shopping, golfing and fine dining,” BBX Capital Real Estate president Seth Wise said.
Source: The Real Deal