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“There has never been a more exciting time in South Florida Real Estate and we are thrilled to launch Vertical Real Estate with a team that brings an innovative and community-focused approach to this industry,” said Stern.
The property is entitled for the development of 301 residential units, 244,000 square feet of office, and just over 7,000 square feet of retail.
The new tenant leased 8,142 square feet of office space in the building.
Each location will consist of a newly built 10,000-square-foot center and up to a 5,000-square-foot outdoor playground.
Kroger expects to employ 90 associates at the new facility.
Members of the Miami team include Senior Vice President Carlyle Coffin; Vice President of Acquisitions Mike Lisch; Head of Strategy and Analytics Jason Warren; and Business Operations Manager Teresa Sanzone.
Commercial real estate experts are forecasting slow growth in the year ahead, but not nearly as pessimistic as some predict.
Landmark plans to offer below-market monthly rents ranging from $430 to $920 for one-bedroom units, and $500 to $1,100 for two-bedroom units.
Sturgis arranged the sale of a retail building in the popular neighborhood to a well-known hospitality operator.
The project will consist of approximately 509 luxury rental apartments, 275,000 square feet of Class A office space, 25,000 square feet of ground-floor retail space, a 20,000-square-foot open-air retail plaza, and a parking garage.
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