
Southwest Ranches OKs residential development
The Deal: In one of Broward County's largest undeveloped land deals, Landmark Custom
Ranches and developer Rick Bell won approval from the Southwest Ranches Town Council to develop 138 acres into a luxury residential community.
Landmark purchased the land from Bianco Family Ltd. for $4.8 million.
The Lawyers: Roy Oppenheim, a partner in Weston-based Oppenheim Pilelsky, represented
Landmark Custom Ranches. Russell Hayson, partner in Pallotto & Hayson of Hollywood, represented Bianco Family Ltd.
The Details: Landmark plans to build up to 50 homes in Southwest Ranches, a rural community
south of Weston. The company financed the deal with a $9.65 million construction and acquisition loan from Colonial Bank. Homes in the development,
which will include a wetland preserve, will start at $1.4 million.
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