The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
The sites offer the opportunity to construct 3.1+ million gross square feet, across multiple towers and to a height of 1,049 feet. By-right uses include condominium, hotel, office, retail, or any combination, thereof.
Robert Given, Casey Rosen, Brad Capas and George Good with CBRE are marketing the property on behalf of the property owner.
The team has closed over $25 billion in multifamily transactions.
The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.
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.