Parc Station

Posted: 10/6/2017
336 Units
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About Parc Station

Offers due:  Tuesday, September 26, 2017

Parc Station is a recently completed, 336-unit, trophy residential asset located in East Hollywood, Florida. The property meets the Bronze level of the National Green Building Standard. Parc Station represents the first three-story, suburban Transit Oriented Development (TOD) to be built and marketed in the current development cycle. The property offers residents walk-on/walk-off access to South Florida’s expanding Tri-Rail. With 42% of residents working in Miami-Dade and a new link to downtown Miami coming online in 1Q 2018, the railway will improve connectivity for residents and establish the community as a true rental alternative to downtown Miami’s high rent apartments. The property has exposure to I-95 with over 244,000 cars passing daily. With its convenient highway access, residents who chose to drive have expanded connectivity throughout the region. The strength of the area is evident by Kimco’s commitment on the $1 billion Dania Pointe mixed-use development project currently underway. The property received its final CO in December 2016 and is finalizing its lease-up with average household incomes over $94,000.