Wynwood’s Austin Burke Clothiers Building Sells
The property sold for $7,700,000.
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The property sold for $7,700,000.
David Wigoda, SIOR with CBRE Capital Markets represented the seller in the transaction.
The project consists of 244 one- and two-bedroom units dedicated to affordable and workforce housing. Among these, 40 percent cater to low-income seniors, while the remainder is allocated to residents earning up to 120 percent of the area’s median income.
Leo Reilly and Robert Hunter, investment specialists based in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller.
In this new role, he will serve as team leader for Native’s commercial agents and provide training, mentorship and any guidance the agents need to be successful.
Mark Rubin, Bastian Schauer, Jake Stauber, and Senior Financial Analyst Jared Mann of the Colliers South Florida Investment Services Team represented the seller in the transaction.
Additionally, Dollar Tree revealed plans for two new locations in Sunny Isles and Lauderhill, set to open soon.
Joe Freitas and John Criddle of CBRE are handling leasing at the project.
Upon completion, phase 1 will contain 601 multifamily units; approximately 180,000 square feet of creative office space in Hines’ proprietary, heavy timber T3 (Timber, Transit, Technology) building; and more than 70,000 square feet of retail.
The nearly 100,000-square-foot office property is situated on 10.44 acres of land.
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