Cushman & Wakefield Arranges $96.5M Portfolio Sale
Calum Weaver, Robert Given, Zach Sackley, and Troy Ballard of Cushman & Wakefield represented the seller, Boardwalk Properties, in the transaction.
Calum Weaver, Robert Given, Zach Sackley, and Troy Ballard of Cushman & Wakefield represented the seller, Boardwalk Properties, in the transaction.
Rigl is a senior director with Binswanger-Gateway Partnership in South Miami. Rigl has been serving commercial real estate since 1984. He is experienced in office, industrial, multifamily and land transactions.
The 882,000-square-foot project will include 646 rental apartments and 2,500 square feet of ground floor retail.
The developer plans to transform the shuttered Ramada Inn into a mixed-use community with 251 rental units and 5,500 square feet of retail.
The leases total 22,000 square feet.
The firm, which has historically focused its investments on the West Coast, has hired real estate veteran Marley Dominguez as director of acquisitions to run the Miami Beach office.
The site is located across the street from the planned Little River Brightline train station.
The project will include a 23-story residential tower with 402 multifamily units, a 1,250-space public parking garage and approximately 170,000 square feet of neighborhood-oriented retail anchored by Target.
The master plan includes up to 1,200 market-rate residential apartments, green space for residents, an office building, and a revamped shopping center with 300,000 square feet of lifestyle-oriented retail and restaurant space.
The developer had applied for rezoning of the 11.4 acre parcel.
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