[CPEO-BIF] "Royal Castle plans to turn brownfield site in Opa-locka [Florida] into mixed-use project"

[Lenny Siegel <lsiegel@cpeo.org>]

Royal Castle plans to turn brownfield site in Opa-locka into mixed-use project
Vacant lot was formerly the dumping grounds for demolition contractor Cuyahoga

By Amanda Rabines 
Real Deal (South FL)
March 28, 2018 

One man’s trash…

A company tied to real estate investment firm Royal Castle Companies just purchased a contaminated brownfield site in Opa-locka, with plans to develop a mixed-use project.
The 7.6-acre property once served as the dumping grounds for demolition contractor Cuyahoga Company.

The sale of the parcel at 1700 Service Road, along State Road 9, required clearing multiple code enforcement liens on the property and promising the city to decontaminate the site, according to broker Reese Stigliano, president of Stigliano Commercial Real Estate. Overall, the closing process took nearly two years to complete, he added.

…

For the entire article, see
https://therealdeal.com/miami/2018/03/28/royal-castle-plans-to-turn-brownfield-site-in-opa-locka-into-mixed-use-project/

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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