Constellation Group Acquires Development Site Along US 1 In Miami’s Coconut Grove For $12 Million
The lot, located at 3000 SW 28 Street in Miami, is currently occupied by Farrey’s Lighting & Bath, a 100-year-old family-run business.
The lot, located at 3000 SW 28 Street in Miami, is currently occupied by Farrey’s Lighting & Bath, a 100-year-old family-run business.
The project is designed to alleviate traffic by bringing jobs and entertainment closer to home.
Kirk Olson and Drew Kristol, Marcus & Millichap senior managing director investments, represented the seller, Galium Capital, and procured the buyer, an affiliate of JBL Asset Management.
The 92,089-square-foot retail center is 100% leased and anchored by Milam’s Market, Walgreens, Orion Fuels and Ace Hardware.
The dining venue will span over 20,000 square feet across three levels of indoor and outdoor space.
Read on for the most popular news headlines this past week on CRE-sources.
The master-planned project is poised to transform western Broward County and is approved for 3,000 residential units, 650,000 square feet of office space, 485,000 square feet of retail and two hotels on a 50-acre site located between Sawgrass Mills and Amerant Bank Arena.
Sundy Village has now delivered 100,000 square feet of Class A+ office space and 30,000 square feet of retail and dining.
Read on for the most popular news headlines this past week on CRE-sources.
Colliers’ South Florida Investment Services Team represented the seller in the sale of the ±77,852-square-foot mixed-use property.
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