Native Realty Closes Sale Of Future Multifamily Development Site
Native Realty’s Jaime Sturgis and Sara Dorfman closed the property sale on behalf of the seller after just 21 days on the market.
Native Realty’s Jaime Sturgis and Sara Dorfman closed the property sale on behalf of the seller after just 21 days on the market.
The leases total more than 8,000 square feet.
The project will deliver more than 850 residential units across three towers, Class AA office space with an industrial character with modern conveniences, more than 80,000 square feet of food, shopping, entertainment, art studios, and galleries, and a 1,200-space commercial parking structure. FAT Village aims to become a lifestyle hub for creatives to live, work, eat, and relax.
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.
Six building structures were cleared to accommodate the new 45-story, twin tower mixed-use project.
Hyatt, along with George Moraitis, represented Lighthouse of Broward, the preeminent nonprofit in Broward County serving the blind and visually impaired, in the pro bono transaction.
The buyer of the assemblage plans to develop a large-scale, Class A multifamily project on the site.
Sturgis arranged the sale of a retail building in the popular neighborhood to a well-known hospitality operator.
Osborne has represented The Strachman Family as trust advisor over the last 20+ years and, in the last 5 years, helped in repositioning its portfolio of management-intense multi-tenant retail properties. The family is repositioning its portfolio for the future.
John Criddle and Joe Freitas with CBRE represented the landlord, Ivy Realty Services, in lease negotiations.
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