Stuart Apartment Community Sells For $316,000 Per Unit
ONE Commercial Real Estate’s Stephen Nostrand and Alexis Shapiro marketed the property for the developer and procured the buyer.
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ONE Commercial Real Estate’s Stephen Nostrand and Alexis Shapiro marketed the property for the developer and procured the buyer.
The properties are located within the cities of Pompano Beach, Ft. Lauderdale, Hollywood, Miami Gardens, Opa Locka, Miami, and Homestead, Florida.
Designed by RLC Architects and Jackson Liles Architecture, the three-story building has a host of features found in few warehouses.
The 436,788-square-foot office complex was constructed in 1988
The new six-story, precast double-tee concrete building is Miller’s seventh project for Holman Automotive.
The project will feature a 64-story apartment tower comprising 1,175 units, as well as 190,000 square feet of office space, a 200-room hotel, 10,000 square feet of retail space and 1,400 parking spaces.
The Town Square project involves the $118 million renovation of the historic Boynton Beach High School into an Arts and Cultural center, a Children’s Schoolhouse Museum, a fire station, police station, residential, retail, hospitality, public amenities, parking garages, a library, and a new City Hall to create positive community and economic impact.
The building has seen booming business for the last fifty years, but now the business is planning to serve their clientele elsewhere as a strategic business move.
The asset totals 259,458 square feet on 14.31 acres in Broward County’s Cypress Creek submarket.
Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
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