Cushman & Wakefield Reps Seller In Sale Of High-Profile Fort Pierce Dev Site
The 7.75-acre development site sold for nearly $6.6 million.
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The 7.75-acre development site sold for nearly $6.6 million.
The master-planned development will include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, a 125-key lifestyle hotel and an approximately 82,875-square-foot office building.
Strata Wynwood is a 285,000-square-foot mixed-use development comprising 257 luxury residential units with resort-style amenities, 62,000 square feet of office space, 27,000 square feet of ground-floor retail, art studios and a parking garage.
The 6.6 acre property is positioned for a large-scale mixed-use development that also allows for the development of up to 6,602 residential units across residential, office, hotel, and retail.
The acquisition works out to about $156 per square foot for the 6.15-acre property.
The development plans include building an additional 392,000 square feet for a total of three planned state-of-the-art industrial buildings.
The sale price works out to roughly $328 per square foot.
The warehouses sit on 14.7 acres near a Publix distribution facility
The leasing activity was brokered on the tenant side by JLL. Ryan Goggins and Peter “PJ” Apol represented Sunbeam Properties & Development.
The mixed-use tower is planned to total about 1.6 million square feet, with completion targeted for 2029.
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