MIAMI (Nov. 4, 2024)–Linkvest Capital and MMG Equity Partners are pleased to announce the acquisition of Homestead Station, a 4.8-acre mixed-use entertainment center located at 4 South Krome Ave. in Homestead, FL. LV Lending previously held a first mortgage on the property, and the acquisition was completed through a deed in lieu of foreclosure. MMG and Linkvest have been working together since 2018 when MMG acquired Tamarack Resort in Idaho (tamarackresort.com) and Linkvest coinvested to successfully redevelop the Resort.
“The friendly deed in lieu of foreclosure highlights LV Lending’s commitment to working collaboratively with clients and borrowers,” said Camilo Niño, CEO, Linkvest Capital. “This acquisition, completed amicably, showcases our approach of finding solutions that both protect our investments and respect the needs of our borrowers. We’re excited to build on our partnership with MMG Equity Partners. As a highly respected firm with deep expertise in retail, they bring great value to this venture.”
Completed in October 2019, Homestead Station encompasses a variety of amenities, including Evo Entertainment + IMAX featuring cinemas and bowling, and numerous retail and dining establishments. The center also features an 1,100-space parking garage. There is currently 18,000 square feet of vacant space available to lease.
“Homestead Station is a cornerstone of the City of Homestead’s downtown revitalization efforts,” added Gabriel Navarro, Principal at MMG Equity Partners. “We look forward to working with the City of Homestead to enhance the offerings and making Homestead Station a premier entertainment, dining, and shopping destination.”
Situated in downtown Homestead with convenient access to Florida’s Turnpike, Homestead Station capitalizes on the area’s rapid growth. Homestead Station is adjacent to one of the 14 stations on the South Dade Transit Way, which is scheduled to open in the first half of 2025, providing a convenient transit link for visitors and residents alike. The center is located approximately 26 miles southwest of Miami and 25 miles northwest of Key Largo.
For more information and leasing opportunities, please contact Allan Benes, Horizon Properties of Miami, Inc. at [email protected].
