223-Acre Mixed Use Development Coming To Pompano Beach
The 223-acre project will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels, and 1.35 million square feet of Class A office space.
The 223-acre project will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels, and 1.35 million square feet of Class A office space.
“This asset is a unique rental loft unlike any other rental property, with high ceilings and an open layout, and excellent Opportunity Zone location,” said Williamson. “Berkadia was able to structure fixed-rate debt with full-term interest-only to mirror the sponsor’s business plan. The Forge Lofts are a great addition to this growing neighborhood.”
One of the largest contiguous land sites available in South Florida, the development has a buildable program of 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
For over four decades, he has actively excelled in the commercial real estate industry, gaining knowledge and expertise across retail, office, medical leasing, land assemblage, acquisitions/dispositions, and development.
The project, called The District in Davie, is expected to cost approximately $1 billion.
Six building structures were cleared to accommodate the new 45-story, twin tower mixed-use project.
With Togal.AI’s award-winning technology, Coastal Construction teams cut nearly 14,000 hours of work, saving close to $1 million in their first year using it.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
The buyer of the assemblage plans to develop a large-scale, Class A multifamily project on the site.
Landmark plans to offer below-market monthly rents ranging from $430 to $920 for one-bedroom units, and $500 to $1,100 for two-bedroom units.
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