River Border Development LLC.

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River Border Development

Another key acquisition for the highly anticipated River Border project and its principal, Hugo Perera, closed this week. River Border Development LLC, a Florida limited liability company, completed the acquisition of an additional 7,500 square foot lot in the Little Havana area for the project known as River Border. Its principal, Hugo Perera, announced revised projections for River Border that would include a greater commercial component to the existing project which has current zoning allowing 112 residential units, but Mr. Perera stated that talks with the City have progressed well and the total number of units, once the plans are finalized will be closer to 200 units. Projections for the continued need for multifamily rental units in East Little Havana and the current strength of the multifamily market in the area continue to fuel the desire to satisfy the demand.

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