The project will consist of approximately 509 luxury rental apartments, 275,000 square feet of Class A office space, 25,000 square feet of ground-floor retail space, a 20,000-square-foot open-air retail plaza, and a parking garage.
Rumor has it the buyer of the Fort Lauderdale property is a fund that JP Morgan Investment Management operates.
The building’s owner has decided that it just may be the right time to sell the 9-year-old trophy tower, given the successful sale of other prime assets in the market that sold in late 2010. CLICK ON THE HEADLINE FOR MORE ON THIS STORY
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