09/18/2026
🍌 Why are banana trees growing on $33 million worth of downtown Fort Lauderdale real estate?
I saw this and had to look into it.
The Benjamin Companies purchased this 2.44-acre downtown property for $33 million in 2022.
Earlier this year, the owner applied to have the property classified as agricultural.
Why does that matter?
Under Florida law, qualifying agricultural land can be assessed based on its agricultural use rather than simply its market or development value.
But Broward Property Appraiser Marty Kiar's office denied the application, saying it did not believe the property was being used for a bona fide agricultural purpose.
The owner has appealed that decision to Broward's Value Adjustment Board.
And here's the part we shouldn't pretend to know:
The owner hasn't publicly explained why the banana trees are there.
So yes, the agricultural-classification application is real.
The bananas are definitely real. 🍌
But the owner's motivation? That's still not confirmed.
Sometimes knowing where the facts stop is just as important as knowing the facts.