ANF Celebrates Completion Of First Phase Of Parks At Delray
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
Completed in 2000, 1100 Banyan houses Scripps’ WPTV news studio and office space. Scripps will lease-back the entire property for a minimum of two and a half years.
The JLL office brokerage team of Managing Directors Steven Hurwitz and Doug Okun, Kevin Probel, Senior Managing Director, Clark Finney, Executive Managing Director, and Madeline Fine, Associate, will lead leasing efforts.
Plans for the Class A tower include 750,000 square feet of creative offices, structured parking for 1,000 vehicles and 7,500 square feet of ground-level retail space.
The developer said the office floor plates would range from 19,000 to 27,000 square feet and the project would include retail space on the ground floor and about 1,000 parking spaces.
Parks at Delray will ultimately deliver a 747-unit multifamily development offering townhouses along with three- and five-story garden-style buildings, in addition to an estimated 40,000 square feet of grocery-anchored retail space and an existing, 68,000-square-foot office building.
Situated at 14 SE 4th Street, WREI and Key International plan to develop a 12-story luxury residential development that will feature a well-appointed lobby, large units with expansive views and an extensive amenity offering on the fourth and twelfth floors.
Roberto Susi, Principal of Axiom Capital Partners, represented the buyers in the off-market deal.
The buildings total 60,000 square feet each and are accompanied by a half-acre auxiliary parking lot.
The development site came with development rights from the office building next door at 1000 Brickell Avenue. CLICK ON THE HEADLINE FOR MORE
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