Upon completion, phase 1 will contain 601 multifamily units; approximately 180,000 square feet of creative office space in Hines’ proprietary, heavy timber T3 (Timber, Transit, Technology) building; and more than 70,000 square feet of retail.
The winning city can expect train service to begin in 2028.
Colliers South Florida Vice President Virgilio Fernandez represented the buyer and seller in the sales transaction.
The property is entitled for the development of 301 residential units, 244,000 square feet of office, and just over 7,000 square feet of retail.
CBRE Executive Vice President John Criddle, First Vice President Joe Freitas and Transaction Manager Allie Lancashire signed the lease deals.
The JLL team of Katie Fernandez-Espinosa, Zach Winkler, and Rafael Romero represented MiamiCentral in the lease negotiations.
The deal completes the second half of a four-building purchase of more than 1 million square feet of leased industrial space.
M. Bruce Snyder will play a particularly important role in the capitalization of FECI’s significant infrastructure and commercial real estate investments. CLICK ON THE HEADLINE FOR MORE
The companies join Ernst & Young LLP, Regus and Florida East Coast Industries, who will also have offices in the 10-story building totaling more than 190,000 square feet. CLICK O THE HEADLINE FOR MORE