Ross Realty CEO named in BankUnited foreclosure
The CEO of Davie-based Ross Realty Investments was named in a foreclosure lawsuit against a stalled mixed-use development in Oakland Park.
Miami Lakes-based BankUnited filed the foreclosure lawsuit on March 5 against RM-Trion Oakland Park, Ross Realty CEO Barry Ross and managing members Kenneth T. Barber and William Matz, according to Broward County Circuit Court records. It concerns a mortgage last modified at $4.1 million in December 2008.
Ross Realty is a commercial developer that has completed buildings for Publix, Ross Dress For Less, Marshalls, Office Depot and LA Fitness. Ross did not immediately return a call and e-mail seeking comment.
Its affiliate, RM-Trion, bought the 2.7-acre site, at the southwest corner of North Federal Highway and Northeast 33rd Court, for $4.5 million in 2004. Three years later, the city granted it approval for 16,000 square feet of commercial/retail space and 175 residential units. However, construction never began.
Miami attorney Jose Casal, who represents BankUnited in the lawsuit, did not immediately return a call seeking comment.