The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
Rotella Group’s Steve Miller represented Skechers in the transaction.
The gourmet deli and restaurant relocated from its long-time South Dixie Highway location into a 9,053 square foot retail space on the building’s ground floor.
Colliers’ Jake Freeman and Maggie Guajardo Kurtz will lead office leasing efforts, while Jonathan Carter and Ryan Brodsky will head up retail leasing across both properties.
The deal was facilitated by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors.
The property was sold by Andy Ansin, President and CEO of Sunbeam Television, after more than 70 years of family ownership, marking its first transfer.
Jonathan De La Rosa and Eddie Toledo, investment specialists in Marcus & Millichap’s Miami office, represented the sellers in the transaction.
The development offers 58 bespoke two- to five-bedroom residences, ranging from 1,900 to more than 6,500 square feet, as well as 25,000 square feet of curated retail anchored by a world-class restaurant.
The property is 97% leased and anchored by Publix, which completed a full knock-down/rebuild of its store in 2022, expanding the premises to 48,387 square feet and signing a new 20-year lease term.
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