Shovel-Ready Development Site In Edgewater Hits The Market For $15M
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
Mast Capital submitted site plans for a master-development totaling 2.6 million square feet.
“Having achieved 90 percent lease-up prior to breaking ground, this center shows the continued strength of large format brick-and-mortar retail destinations across multiple use categories.”
Drew A. Kristol and Kirk D. Olson, both Senior Vice Presidents of Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Konover South.
This loan closing marks Terranova’s ninth capital markets transaction of the year.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
The lease and sale transactions total over 80,920 square feet.
Echelon Fitness is set to occupy 10,035 square feet.
This site is composed of a 5,206-square-foot single tenant retail building sitting on a 46,494-square-foot lot.
Paco Diaz with CBRE represented Plum Market in the lease.
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