JLL Helping Sell Development Site Where Antigone Had Planned International City
The site is zoned PDOP (planned development office park), giving it a range of options for developers. Antigone had controlled the property for decades and had long planned to build a 14M SF development that would have included a convention center, an entertainment district, more than 4,000 hotel rooms and office space. Last March, a judge removed him from management of the ownership group after lawsuits claimed he spent hundreds of thousands of dollars without proper approval.
Antigone said he still retains a majority ownership of the two LLCs that control the land, and he's filed for a re-hearing of the case.
"I object to the listing of this property," Antigone said. "They’re doing this against my will."
Jay Taustin, the son of Antigone's original partner, decided in September to pursue options to sell the property, and this week he retained JLL to help him market the site.
“We were looking for a highly experienced, collaborative team who would reach the largest possible pool of buyers,” Taustin said in a release. JLL managing director Mark Levy will lead the effort to sell the property.
“The availability of 260 acres at a metro-adjacent site under single ownership is rare and creates one of the most unique development opportunities in the country," Levy said.
CORRECTION, Feb. 14, 10:55 a.m. ET: A previous version of this story incorrectly stated that a judge removed Chris Antigone from the ownership group. He was only removed as manager and member of the group, but still retains his ownership stake in the property. This story has been updated.