Colliers Vice President Virgilio Fernandez and Associate Alain Crego represented the seller, Robinson Julien, in the transaction. The buyer was self-represented in the purchase of the site.
The land has entitlements for a 49-story building with 381 residential units, 8,256 square feet of commercial space and 426 parking spaces.
The parcels sold for a total of $7 million which, coupled with the recently acquired 1.6-acre riverfront property on 7th Street, brings Newgard’s total land investment to $57.5 million.
Three active developers said Broward County is a hot spot and is competing well with Miami-Dade County for development dollars. CLICK ON THE HEADLINE FOR MORE
According to a source, the ixed-use tower would include market-rate apartments plus an as-yet undetermined use. CLICK ON THE HEADLINE FOR MORE
CIASF will be presenting a project overview, followed by a discussion from the players who will transform downtown in office, retail and residential sectors. CLICK ON THE HEADLINE FOR DETAILS