The property is located in downtown Fort Lauderdale, just south of the New River. Zoning is high density RAC-CC which allows for office and multifamily development.
C&W’s Calum Weaver, Garrett Pordes, Robert Given, Zach Sackley and Troy Ballard of Cushman & Wakefield represented the seller, Finvarb Group, in the transaction.
Calum Weaver, Robert Given, Zach Sackley, and Troy Ballard of Cushman & Wakefield represented the seller, Boardwalk Properties, in the transaction.
Calum Weaver, Robert Given, Zach Sackley, Troy Ballard and Garrett Pordes of Cushman & Wakefield will oversee marketing efforts.
The property, which is situated at 942 Northeast First Avenue, will be home to the Legacy Hotel & Residences, a 50-story mixed-use tower with 274 branded residences atop a 256-room hotel.
The 3.15-acre site sits on over 650 linear feet of the Miami River with redevelopment potential of up to 1,574 units. CLICK ON THE HEADLINE FOR MORE
The residential asset consists of 353 units in two mid-rise buildings and a mix of 134 two- and three-bedroom townhomes. CLICK ON THE HEADLINE FOR MORE
The seller paid $11.5 million for the property in 2011. CLICK ON THE HEADLINE FOR MORE
The gated community at 8000 Cleary Boulevard includes 376 townhome-style units situated in 29 two-and three-story buildings spanning approximately 38 acres. CLICK ON THE HEADLINE FOR MORE
The listing broker, CBRE’s Vice Chairman of Investment Sales Robert Given, believes the land to be valued between $55 million to $65 million per acre. CLICK ON THE HEADLINE FOR MORE