Franklin Street Arranges Record Multifamily Sale In South Florida’s Wilton Manors
The sale marks the second highest per unit sales price for its size, vintage and submarket.
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The sale marks the second highest per unit sales price for its size, vintage and submarket.
The property comprises four conjoined lots being sold together, which are all zoned T6-8-O NRD-1, allowing up to 8 stories by right and 12 stories with bonuses of mixed-use infill development. Under this zoning, the property can be developed into up to 207 units (310 with bonuses) or licensed for up to 414 hotel keys.
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The property and buildings will be utilized as an expansion for the Mesivta School of Coral Springs.
Pompano Crown LLC purchased the buildings with plans to renovate and re-lease the currently vacated space.
His responsibilities will include business development and assisting clients in procuring debt and equity solutions across all commercial property groups. He will work out of the Boca Raton office.
Calum Weaver, Robert Given, Zach Sackley, Troy Ballard and Garrett Pordes of Cushman & Wakefield will oversee marketing efforts.
The firm will be relocating from its current location at 200 East Broward Boulevard.
The Miami office, focused on multifamily/mixed-use, multitenant retail, and single tenant net lease property sales, will be led by Managing Director, Kirk Felici, who has more than 20 years of commercial real estate experience.
JLL marketed the property on behalf of the seller, Aligned Bayshore Marina, LLC. Suntex Ventures, LLC purchased the asset.
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