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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