Davie CRA approves purchase of former McDonald’s at 4101 SW 60th Avenue

The Town of Davie Community Redevelopment Agency voted unanimously to approve a purchase-and-sale agreement for the former McDonald’s property at 4101 SW 60th Avenue.

The resolution approved by the CRA authorizes acquisition of the site from Highlander Property and Management LLC and sets contract terms including an inspection period during which the CRA may terminate the agreement and a latest closing date of July 3. The contract also cancels an outstanding property improvement grant balance tied to the parcel, officials said.

CRA Chair Paul opened a public hearing and had the resolution read into the record. During discussion, a staff member explained the scope of properties under consideration by the agency and the town council, and clarified that, for the CRA meeting, the board was acting only on the former McDonald’s parcel.

“Yes, the CRA has the right to terminate this agreement at any time in our sole discretion for any reason as long as it’s done prior to the end of the inspection period. If that happens, the town will receive our full deposit back,” the staff member said.

The staff member told the board the seller had expressed a preference to close as soon as practical but that the CRA would complete due diligence and would not rush the process. Under the contract, the latest scheduled closing date is July 3.

On property condition and title, the board’s outside closing attorney, Mr. Singer, said he had performed a title search and abstracting going back more than 30 years using marketable record title act standards and found nothing that would prevent delivering marketable title at closing. “There was nothing unusual that turned up that wouldn’t be resolved in the normal closing process that would result in marketable title,” Mr. Singer said.

Board members asked about the contents of the building; staff said the seller must vacate the building prior to closing and that fixtures that are part of the property would remain. The staff member also confirmed that an outstanding balance from a prior property improvement grant tied to the site will be canceled under the terms of the contract.

A motion to approve the purchase-and-sale agreement was called, seconded and passed on a roll-call vote: Chair Paul — yes; Board Member Whitman — yes; Board Member Starkey — yes; Board Member Hatton — yes; Vice Chair Lewis — yes. The board’s vote record indicates the motion passed unanimously.

Following the approval, a staff member updated the board on other CRA acquisitions, saying the agency completed purchase of the Peninsula Building property north of the vacant land and that further activity at that site is expected in the coming months.

What the agreement requires and next steps: the CRA retains the right to terminate the contract during the inspection/ due-diligence period and, after the inspection period, the seller must be able to convey good marketable title or the CRA may terminate and recover its deposit. If all conditions are met, the parties anticipate closing on or before July 3; the seller has expressed interest in an earlier closing if feasible.

No members of the public spoke during the public hearing on this item.