non-advertiser
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.
Roberto Pesant, Jaret Turkell, Yoav Yuhjtman, Jose Mota, and Omar Morales of Berkadia South Florida led the $24.6 million sale on behalf of the seller. Mitch Sinberg, Brad Williamson, Matt Robbins and Scott Wadler secured $14.76 million in acquisition financing through a bank on behalf of the buyer.
The wellness-forward condo-hotel project is more than 50 percent sold, with this milestone paving the way for a 2025 delivery in Miami’s Brickell neighborhood.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
The transformative, mixed-use development spans approximately seven acres.
Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.
The office with retail component including a rooftop venue will bring sophisticated work/play experiences to Coral Gables’ Merrick Park district. Groundbreaking is scheduled for Q4 2023 with completion in 2025.
The portfolio totals 138,979 square feet.
In addition to the 400,000-square-foot East Expansion Building, the phase includes the development of the 29-story, 801-room Omni Fort Lauderdale hotel.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
