Russian mogul wants to split Hibiscus Island lot, build two spec homes

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Russian mogul wants to split Hibiscus Island lot, build two spec homes March 11, 2019 02:30PM By Haru Coryne Ilya Karpov, a former director and stakeholder in a defunct Russian agricultural firm,

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The Real Deal South Florida Russian mogul wants to split Hibiscus Island lot, build two spec homes Oct 05, 2018 ProfileMiami Property Donated to Mt. Sinai Medical Center on Hibiscus Island Sells for $11.6 Million

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I would like to build two homes on the land but I need to have two addresses. The process to split a piece of land into smaller pieces is known as subdivision. The subdivision process starts with the Regional Planning Department (DRP) where a tentative map must be filed first.

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It is very strong, and 50 percent to 75 percent of what we are seeing is spec construction. In the. Russian mogul wants to split Hibiscus Island lot, build two spec homes – Karpov wants to subdivide the 31,500-square-foot property at 320 South Hibiscus Drive and build a pair of two-story spec houses on the site. The two do not have a construction loan.

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