A group of Columbian investors have picked up a one acre lot in Delray Beach for $9 million. Sofa I bought the development site at 101 Southeast First Avenue from members of Boca Raton based law firm Saxena White. Saxena White bought the parcel for $1.1 million in 2011. The site, which is surrounded by a residential neighborhood, was approved last year for 76 lofts units and 2,250 square feet of retail space.
