Palm Beach County Property Heads Toward Bankruptcy Sale After $43M Foreclosure Judgment
The site has long attracted developer interest because of its scale, location and proximity to transit.
The site has long attracted developer interest because of its scale, location and proximity to transit.
Newmark Managing Director Mitch Heifetz serves as the building’s exclusive leasing agent, representing Brickstar Capital in the transaction. The tenant was represented by Jared Robins of Inhouse CRE.
Over the past three years, he has closed more than $100 million in transactions, earning a reputation as one of South Florida’s most active retail investment brokers.
The master-planned development will include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, a 125-key lifestyle hotel and an approximately 82,875-square-foot office building.
Founded in 2022 with its first studio in Miami, Fuze House has rapidly expanded its footprint, now operating five locations across Miami, New York City and East Hampton.
The two-story retail property spans 128,779 square feet and occupies nearly an entire block along one of the country’s most exclusive shopping streets.
The landmark project will feature 64,000 square feet of curated restaurant and retail space, 382 luxury apartment residences, high-end amenities and a pedestrian-oriented streetscape designed to anchor the Northwood Village corridor.
The project includes 358 apartment residences, including 90 workforce housing units, as well as a 19,000 square feet of outparcel retail, in which Trader Joe’s which will occupy 15,000 square feet of the commercial space.
The new team additions bolster Cushman & Wakefield’s capabilities in Florida’s burgeoning Treasure Coast and Space Coast regions.
Pricing expectations exceed $200 million.
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