9-Acre Land Site Fetches $10 Million
Avison Young Principal Keith O’Donnell and Colliers Executive Managing Director Mark Rubin coordinated the off-market transaction.
Avison Young Principal Keith O’Donnell and Colliers Executive Managing Director Mark Rubin coordinated the off-market transaction.
The TOBY Awards are the most prestigious and coveted awards of their kind in the commercial real estate industry. The awards recognize superiority in office and industrial buildings and reward excellence in building management.
Here are the most popular news headlines this past week on CRE-sources.
The project is expected to cost over $500 million to develop.
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 site is currently zoned for T6-24A-0, which will allow for a building up to a height of 48 stories. The site is also located within a federally designated Opportunity Zone.
Metro Parc will be a 3.26-acre project that will consist of two, mixed-use tower buildings that will feature 560-units of rental apartments comprised of studios, one-bedroom/one bath, and two bedroom/ two bath ranging from 500 square feet to 1000 square feet.
Here are the most popular news headlines this past week on CRE-sources.
The project is slated to include 1,333 residential units, 41,438 square feet of commercial-retail uses and parking for up to 2,589 vehicles, and have 108 bike racks.
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