non-advertiser
Countyline Corporate Park Phase IV consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park
The Class A industrial portfolio is comprised of three buildings totaling 197,608 square feet.
Mike Davis, Dominic Montazemi, Rick Brugge, and Rick Colon of Cushman & Wakefield arranged the sale on behalf of both the seller and buyer.
The proposed project is slated to include 734 apartments, 150 hotel rooms and 300,000 square feet of commercial, self-storage space.
Apple is constructing one of the biggest Apple Stores in Downtown Miami, a freestanding retail space surrounded by the Miami Worldcenter towers.
Robert Kaplan and Mark Rutherford of Cushman & Wakefield secured the financing through Forman Capital and Core Capital on behalf of the developer North Development, a joint venture between Miami-based Oak Development, led by veteran developer Ricardo Dunin, and Peru-based Edifica.
The building’s current tenant recently signed a new 30-year lease.
The 8-story project will have 328 one- and two-bedroom apartments. Of these, 40 percent will be designated for households with an income at 80 percent of the area median income, while the remaining 60 percent will cater to households with an income at 120 percent.
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.
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