Aimco completes $100M Flagler Village dev assemblage with latest $16M deal

Excerpt from The Real Deal website: Aimco added the final piece to its Flagler Village development site where the company plans a major mixed-use project.

Denver-based Aimco bought 1.4 acres of land on the southwest corner of Northeast Ninth Street and Northeast Fifth Avenue in downtown Fort Lauderdale for $16 million, according to a deed. An affiliate of Miami Heat co-owner Raanan Katz’s RK Centers sold the land.

New York-based Maxim Capital Group provided Aimco with a $60 million acquisition loan.

Read the full article here: https://therealdeal.com/miami/2022/08/05/aimco-completes-100m-flagler-village-dev-assemblage-with-latest-16m-deal/