Market activity also comes as nearly 500,000 square feet of active new-to-market requirements are being tracked across Miami-Dade, according to Blanca’s Q1 Miami Office Market report, signaling a strong pipeline of future demand as companies continue to expand and relocate within the region.
Bryan S. Cohen and Chris McCarthy represented the landlord, Precise Property, in the transaction.
The sales total nearly $16 million in value.
The project, which is located near Broward Health and the new Federal Courthouse, is anticipated to be completed in the first quarter of 2027.
Leasing was led by Irma Figueroa, Senior Director of Leasing and Sales for Comras.
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.