The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
The two buildings total 157,510 square feet and are 87.6% leased.
He brings more than two decades of institutional experience across leasing, investment and advisory services, having overseen over $4 billion in transactions involving more than 7 million square feet of office assets across Florida’s major markets.
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The prime Coconut Grove asset traded for $61 million, achieving a record-breaking price of more than $1,100 per square foot.
This transaction brings the 420,525 square feet of rentable Class A office space at the project to nearly full occupancy.
Pricing expectations exceed $200 million.
RFR acquired the tower and an adjacent parking garage in 2022 for $81.1 million.
The Colliers South Florida office leasing team, led by Senior Vice President Darcie Lunsford, has been chosen to handle leasing and marketing of the 137,000-square-foot, all-glass midrise.
The property includes a one-story strip shopping center, a two-story office building and two out-parcel buildings totaling 55,000 square feet.