Under the proposed special area plan, Sunbeam Properties would build 1,936 residential units, including 117 units of workforce housing, 870,000 square feet of office/retail space, a 112,500-square-foot hotel with about 300 rooms, and about 5,000 parking spaces.
The office building is nearly 70 percent leased ahead of its late-2022 completion.
Cushman & Wakefield’s Brian Gale, Andrew Trench, and Ryan Holtzman represented the landlord, Nuveen Real Estate, in the lease negotiations and Transwestern’s Glenn H. Gregory represented the tenant.
The project will provide 320K SF of Class-A office space and 80K SF of functional outdoor space. It will stretch over a 2-acre block between Northeast 42nd and 43rd streets and between Northeast Second and Fourth avenues.
Future renovations planned include further upgrades to the building lobbies, additional building amenities, a new state-of-the-art conference facility, and continued upgrades to the common areas and restrooms.
Gordon Messinger, an Executive Vice President with CBRE, will lead the marketing efforts.
The JLL brokerage team of Managing Directors Steven Hurwitz and Doug Okun and associate Madeline Fine are spearheading the office leasing at the property.
In addition to bringing on the trio, Cushman & Wakefield has welcomed several new hires over the past few months.
Mike Davis, Dominic Montazemi, Mike McDonald, Miguel Alcivar, Rick Brugge, Rick Colon, and Adam Spies of Cushman & Wakefield represented the seller, USPO Miami, LLC, in the transaction.
The project is slated for 2,351 residential units anbd 540,000 square feet of office space.
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.
