Developer Pedro Martin and his son David hoped to acquire 120 acres of prime land in Doral by helping fund the landowner’s bankruptcy reorganization plan. But when their plan fell through, they will have to compete with other developers at a public auction to get the site.
U.S. Bankruptcy Judge Robert Mark in Miami on Thursday allowed the site’s largest creditor to hold a bankruptcy auction June 15 to recover some of the $111.8 million owed by debtor Town Center at Doral.
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