Shovel-Ready Little Havana Multifamily Site Trades For $10 Million
The site spans 50,782 square feet on a 1.17-acre plot in Little Havana.
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The site spans 50,782 square feet on a 1.17-acre plot in Little Havana.
Proposals must be submitted no later than 3 p.m. EST on June 28, 2024.
The property, which launched in late 2021 and is now more than 95-percent sold, is currently under construction and is expected to complete in early 2028.
Foundry and Wheelock plan to redevelop the 125,281-square-foot campus into Egret Point Logistics Center, a planned 457,000-square-foot industrial project that was approved by the Boynton Beach City Commission last month.
Owner and commercial real estate developer The Easton Group hired Excel Construction to develop warehouses and offices on nine acres of land at 1463-1481 Dr. Martin Luther King Jr. Boulevard, along the Florida East Coast railroad tracks.
Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $4.07 million sale.
Scott Wadler and Alec Fox, along with Mitch Sinberg and Brad Williamson and Matt Robbins of Berkadia South Florida, secured the $172 million loan from Bank OZK.
The nonprofit has retained Transwestern to provide Asset Services for the 5-story, 30,000-square-foot building.
The multi-billion-dollar public company owns, invests in, and operates businesses across five key verticals: cell towers, data centers, fiber networks, small cells and edge infrastructure.
Everett has completed more than $650 million in transactions throughout his career.
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