Centennial Bank president J. C. de Ona in Miami. Courtesy photo
Centennial Bank president J.C. de Ona closed on a $19.8 million loan for the purchase of the vacant tract sold by Florida Power & Light.
January 22, 2019 at 02:34 PM
1 minute read
South Florida real estate reporter
A 71-acre vacant waterfront property in Palmetto Bay could be headed for residential development.
Developer Oscar Barbara, founder of Coral Gables-based Luxcom, bought the property at 6525 SW 152nd St. from Florida Power & Light Co. for $33 million by financing the purchase with a $19.8 million Centennial Bank loan. Both deals closed Dec. 21.
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