Colliers Vice President Virgilio Fernandez and Associate Alain Crego represented the seller, Robinson Julien, in the transaction. The buyer was self-represented in the purchase of the site.
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Residents will benefit from the unprecedented step of securing annual rental rates for 10 years.
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The 12-story development will feature luxury studios, one-, and two-bedroom apartments along with 12,500 square feet of ground-floor retail.
CBRE’s Calum Weaver and Perry Synanidis represented the seller, IMC Equity Group, in the transaction.
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The luxury fitness club will make its debut in Fort Lauderdale with a 35,000 square-foot facility.
In total, the Florida-based team, led by Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, executed 35 deals across the country, including 12 acquisition loans, two equity raises, one construction loan, three land loans, and 17 strategic refinances.
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