LeCesse scoops up $18M Deerfield Beach dev site as city weighs easing restrictions

LeCesse Development dropped $18 million on a Deerfield Beach site slated for a 237-unit multifamily development.  Altamonte Springs-based LeCesse, headed by Salvador Leccese, bought the 4.3 acre site at 201 to 299 North Federal Highway from entities linked to Brefrank Enterprises and Centrum Realty & Development. The deal worked out to $4.2 million per acre. CIBC Bank USA provided the buyer with an $11.3 million mortgage.  A proposed development on the site calls for a five-story building spanning 445,300 square feet, according to Vizzda. The planned unit mix is 52 one-bedrooms, 182 two-bedrooms and three three-bedrooms. A pool and an […]

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