Merrimac Ventures Expands Flagler Village Footprint With Retail, Office Assemblage
The newly acquired assemblage spans multiple properties along North Andrews Avenue, totaling more than 20,000 square feet of existing commercial space.
The newly acquired assemblage spans multiple properties along North Andrews Avenue, totaling more than 20,000 square feet of existing commercial space.
The 5,279-square-foot industrial automotive facility is situated on 0.6 acres just south of Downtown Fort Lauderdale.
The project will total nearly 360,000 square feet.
When fully built out across all three phases, the project will feature five residential towers ranging from 21 to 24 stories, with approximately 1,292 rental residences, 36,000 square feet of restaurants and retail, and 1.1 million square feet of access-controlled parking with 2,650 spaces.
The shopping center was developed between 1993 and 1998 and is anchored by Whole Foods and Home Depot, and shadow-anchored by Sam’s Club.
The center was 92% occupied at the time of sale.
Three tenants have signed on for a combined 20,000 square feet.
This is the first time the property has been offered for sale since it was built in 1974.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
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