Monday, May 29, 2006

Developer Sold Million-Dollar Units at 2222 N. Atlantic

Naples-based M.K. Developers sold its new construction of 16 residential condominium units at 2222 N. Atlantic Blvd. in Fort Lauderdale.

Miami-based Fortune International Management paid $16.25 million, or more than $1.01 million per unit.

The development is on 33,977 square feet of oceanfront property. It was once the site of a restaurant. M.K. Developers paid $1.25 million for the site in 2002 and redeveloped it.

Both sides were self-represented.

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