Just Sold: Pinecrest Development Site

Fabio Faerman, CCIM and Sebastian Faerman of FA Commercial just sold an 88,426 SF development site in Pinecrest, Florida. The land was sold for $5,200,000. FA Commercial represented both sides in the transaction.

The Villas at Pinecrest is a multifamily project that will feature 18 luxurious townhouses. The project has an average gross unit size of 3,588 SF, and the units will be distributed over 4 buildings. Unit amenities include impact-resistant windows and doors, bathroom cabanas with retractable roof, and 2-car garages with remote-controlled garage doors.

Recognized as one of the most beautiful residential areas in South Florida, Pinecrest is near the popular Miami neighborhoods of Coral Gables to the east, South Miami to the northeast and Palmetto Bay on the south side. The property is also less than a mile away from Dadeland Mall. Owned by the Simon Property Group, the mall has 167 stores and over 17 annual visitors. The site is also close to major roadways including US-1 and the Palmetto Expressway.

About FA Commercial

FA Commercial is a specialized team led by Fabio Faerman. The team focuses on investment sales, landlord representation and tenant representation. With a distinctive approach, we capitalize on opportunities and provide clients with strategies for their real estate properties. Fabio Faerman is the director of the commercial division at Fortune International Realty. He has been the top producer for Fortune 7 years in a row. Since 2002, FA Commercial has sold and leased over $1 billion in assets across South Florida.

Additional Links

View the Traded Miami Post

Read the Real Deal Article