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 new owners plan to reimagine the 800,000-square-foot property as a vibrant hub of retail, culture, and community.
Berger Commercial Realty Senior Vice Presidents Jonathan Thiel and Joseph Byrnes represented landlord Blackhawk Properties & Investments, LLC in a new lease agreement.
Marcus & Millichap’s Drew Kristol and Kirk Olson represented the seller, a local South Florida investor, in the transaction.
The lease was expertly orchestrated by Jake Michels, Sales Associate, and Joseph P. Byrnes, Senior Vice President at Berger Commercial Realty, who represented the landlord.
The luxury fitness club will make its debut in Fort Lauderdale with a 35,000 square-foot facility.
Maesel has stepped into the role in order to elevate the entire team. With a ‘Deliberately Different’ approach to commercial real estate, the company places culture over production not only with the ROI Group but the rest of the company, which features six offices and nearly 50 advisors.
Lawrence Oxenberg, Vice President at Berger Commercial Realty, represented the buyer in the transaction. Berger has been retained by the new ownership to lease the property.
The brokerage will lead leasing for 80,000 square feet of curated retail space.
The property consists of 29,331 square feet of retail space and a 35,000-square-foot self-storage facility with 419 units.