“With the vaccine gaining more traction each day, companies are feeling more confident about executing on their growth strategies,” said Azor. “We are now backfilling space vacated during the pandemic with tenants who are willing to make long-term commitments.”
The project will include 1,300 apartments, office and retail, and possibly a hotel.
The lease deals are an indication that the South Florida retail market is bouncing back faster than expected from the dark days of the pandemic, according to the landlord.
The site was purchased from Esposito Enterprises Inc., an affiliate of Vinny Esposito, the owner of the staple restaurant Franco & Vinny’s, which will continue to operate on property. There are no current plans underway for redevelopment of the site.
The purchase price was $17 million.
Vice President Michael Carpenter handled the leasing for SRG, a division of the full-service real estate development firm, Stiles. Both restaurants are anticipated to open in March 2021.
The newest team member will help as part of Berger’s investment sales, land brokerage and acquisitions and dispositions services for both corporate clients and private investors.
Maria Mainardi will be based in the Fort Lauderdale office.
The firm will be relocating from its current location at 200 East Broward Boulevard.
The new six-story, precast double-tee concrete building is Miller’s seventh project for Holman Automotive.