With $73.2 Million In Financing, Grover Corlew Launches New Ground Up Multifamily Properties
The project will reinvigorate the nearly three acres of underutilized parking lots behind Grover Corlew’s 2401 Atlantic and 2335 Atlantic office buildings.
The project will reinvigorate the nearly three acres of underutilized parking lots behind Grover Corlew’s 2401 Atlantic and 2335 Atlantic office buildings.
The buyer is Cochise Capital, a Los Angeles-based investment firm with a growing presence in South Florida.
EON Squared includes a 206-unit tower and an adjacent 270-unit tower completed in 2019 and 2021.
She has been involved with hundreds of real estate transactions, representing buyers, sellers, investors and tenants in both residential and commercial real estate.
The site is zoned for a variety of uses, including but not limited to, residential, office, retail and seniors housing.
As South Florida’s markets continue to strengthen from the migration of out-of-state developers, Colliers facilitated the off-market sale of the Himmarshee development site in Downtown Fort Lauderdale. Colliers’ Director Bradley Arendt and Executive Managing Director Mika Mattingly represented both the buyer, Heights Advisors, and the seller, 111 Property Group, in the transaction. “This was a […]
Avison Young Principal Keith O’Donnell and Colliers Executive Managing Director Mark Rubin coordinated the off-market transaction.
LUMA at Miramar was built in 2019 and stabilized in Q1 2020, with occupancy remaining at or above 90 percent throughout 2020 and 2021. The property was fully occupied at the time of sale.
The project’s sponsors consist of a seasoned development team that has been active in South Florida for decades.
The 100% occupied, 33,557-square-foot portfolio traded for $239,535 per unit.
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