Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Nexus Sawgrass, a 501-unit core-plus opportunity located in Sunrise, Florida. Developed in 2013, the property consists of a mix of four-story midrise and three-story garden buildings. Current ownership has been upgrading the bedrooms with hard surface flooring on 47 units and has been achieving average premiums of approximately $45. With the quality construction and location, Cushman & Wakefield projects additional upside potential to include: continuation of the hard surface flooring, upgraded light & fan package, backsplash, USB ports and updated appliances. The location of Nexus Sawgrass in Sunrise offers the ultimate in access to jobs and retail within a quintessential Florida suburban community. The property is less than two miles from the 612-acre, Sawgrass International Corporate Park and is walking distance to the 2.3 million sf Sawgrass Mills Mall. It also has immediate access to the Sawgrass Expressway, I-75, and I-595 which have undergone over $2.2B in improvements allowing residents direct commutes to the major employment centers in Broward and Miami-Dade Counties.
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Icon Las Olas – an iconic 44-story residential high-rise overlooking historic Las Olas Boulevard, the Atlantic Ocean, downtown Fort Lauderdale and the New River.This coveted and irreplaceable asset opened in October 2017, and is comprised of 272 luxury residences and three top-rated restaurants: Etaru Japanese Bar + Grill, Salt Seven Modern Eatery & Lounge and IT! Italy Café.
Rising 44 stories, Icon is the tallest building in Fort Lauderdale. Suspended atop the skyline and nestled between Las Olas’ preeminent high street and the New River, Icon presents unobstructed views of the ocean, downtown and Las Olas Boulevard. An asset of this awe-inspiring height, condominium quality finish, architecture and irreplaceable location, make it a rare acquisition opportunity and the premier asset of an investment portfolio for generations as it commands the center of a major downtown.
Built with the most discerning residents in mind, Icon Las Olas sets a new standard of excellence. The building’s unique curvature, glass façade, and sheer height evoke feelings of opulence. All units feature floor-to-ceiling glass, interiors designed by internationally recognized Steven G., and exceptional interior finishes that include built-in Sub Zero and Bosch appliances. Average unit sizes are a remarkable 1,516 square feet, dwarfing the market average by over fifty percent.
Icon Las Olas has performed in record setting fashion as the market enthusiastically responded to the ultra-luxury niche. The property has achieved stabilization in just over 12 months while boasting an affluent tenant base with the highest household incomes in South Florida, placing the rent to income ratios comfortably below market norms.
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire together or separately two core, suburban infill, garden apartment assets in Miami, Florida – Doral View and Town Fontainebleau Lakes. Both properties are each 360-units in 3-story garden design, which has become an increasingly rare and thinly traded building type due to available land. Completed in 2014 and 2016, Doral View and Town Fontainebleau Lakes were developed with the highest design standards. Both properties feature a mix of one-, two- and three-bedroom residences with expansive, state-of-the-art amenities and finish levels. Further, the properties have unmatched visibility with their location along the Dolphin Expressway and its 122,000 cars daily. This highway adjacent location has driven strong, qualified renter traffic seeking excellent connectivity to nearby major employment centers including Doral, Blue Lagoon, Florida International University (FIU), and downtown Miami.
Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Avana Cypress Creek, a 220 unit multifamily asset located in Broward County. The property was delivered in 2009 at the start of the current development cycle. The property represents a first generation value-add opportunity with a continuation of a light renovation program enhancing unit interiors. Current ownership has started renovating the units and is achieving average premiums of $70. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.
The Cushman & Wakefield Multifamily Advisory Group is pleased to present 6484 Indian Creek Drive, a waterfont land lease opportunity on Miami Beach. The land totals +/- 53,000 square feet. Currently on the site there is a 102-unit coop. The property was built in 1957. The land lease expires June 30, 2055 (almost 37 years left). The land lease totals approximately $65,000 per year in net income to the land lease holder.
Cushman & Wakefield, as exclusive advisor is pleased to present the opportunity to acquire Elan Maison, a brand new, 394-apartment home community located with greater Ft. Lauderdale. The property recently stabilized by averaging over 30 leases per month.
Elan Maison redefines the standard for apartment living being the only garden-style apartment with enclosed air-conditioned corridors and cutting-edge finish levels both inside the units and throughout the common areas. It has unmatched accessibility along I-595 with direct access the major South Florida Roadways.Elan Maison is being offered for the first time to the market by its developer, nationally recognized Greystar.
Cushman & Wakefield, as exclusive advisor, is pleased to present Riviera Hills - a 84-unit value-add opportunity located at 5220-5435 NW 18th Place in Lauderhill, Florida. The property offers 26 studios, 6 1BR/1BA, 34 2BR/1BA and 16 2BR/2BA units averaging 694 square feet. The rents are below market and can be increased generating additional revenue by $170,000.
Riviera Hill’s central Broward location is a magnet for employees working in the area’s largest employment centers, such as Plantation, Sunrise and Fort Lauderdale. The property is 2 miles east of Plantation Pointe, a 900,000 square foot office park with high-profile tenants including Motorola, Envision, and Magic Leap. The property is also about 5 minutes east of University Drive which serves as the main thoroughfare in the area, with various retail and dining options. Lastly, Riviera Hills is just a mile north of the Florida Turnpike’s ramp on Sunrise Boulevard allowing quick access to all major South Florida employment centers.
Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Broadstone Plantation – a premier 250-apartment home asset located in Plantation, Florida. The property is comprised of a mix of five-story midrise buildings and three-story garden buildings with a combined average unit size of 989 square feet.
Broadstone Plantation is centrally located in Plantation and provides access to over 2.9 million square feet of office making it one of South Florida’s most dynamic live and work environments. The property opened in August 2017 and represents the newest era of garden apartments while setting the standard for luxury apartment living with market leading finishes, amenities and accessibility.
Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Luzano – a 404 unit, Class A, trophy residential asset located within Pompano Beach, Florida. This brand new asset is being offered for the first time by its developer, nationally recognized ZOM Living. The central Broward County location is a magnet for employees working in Boca Raton, Cypress Creek, Plantation/Sunrise, and downtown Fort Lauderdale. Located just east of the Florida’s Turnpike on Atlantic Boulevard, the property boasts excellent visibility and connectivity to all of the major cities in South Florida. Luzano represents the newest generation of apartments with best-in-class amenities and finishes. Located in the path of growth, the area will continue to see trending demographics as evidenced by the adjacent land which includes a single family community with 150 homes, a 210 unit apartment community, and a $20 million sports park.
The Place at Dania Beach’s location is well connected via its walkable amenities and proximity to major employers. The Property’s Walkscore of 84 is substantiated by its proximity to a number of retailers and restaurants, Bravo Supermarket (opening soon), Publix Supermarket, The Casino at Dania Beach (recently completed a $64 million renovation), Frost Park, and Dania Beach Ocean Park along the Atlantic Ocean. Regarding major employers, in 20 minutes or less, The Place at Dania Beach is connected to over 500,000 jobs in submarkets such as Sunrise/Plantation, Aventura, and Fort Lauderdale through Cypress Creek. Notably, the Design Center of the Americas (home to Chewy.com), Fort Lauderdale International Airport, Port Everglades, and downtown Fort Lauderdale are exceptional demand drivers for the Property and can be reached in under 10 minutes.
Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Atlantic Delray (the "Property") - an increasingly scarce, new construction, luxury garden apartment development of 346 homes in the highly desired community of Delray Beach, Florida. The property is comprised of thirteen three-story buildings and two two-story buildings with walk-up units averaging 1,048 square feet that are serviced by surface parking, attached garages, and detached garages. The Atlantic Delray is located in emerging West Delray, just north of Atlantic Avenue and west of Military Trail. The community is minutes from millions of square feet of high-paying jobs in Boca Raton and Downtown Delray Beach - the heart of the Palm Beach social scene. With its central location within Palm Beach County, Delray Beach has become one of South Florida's most dynamic live and work environments. The property opened in May 2017 and has quickly moved through the lease-up process in part due to its market-leading luxury finishes and unmatched amenity offering and a rare low-density setting of 11 units per acre.
Please contact a Cushman & Wakefield professional for more information.
Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire JOYA – a premier transit-oriented, 431-apartment home, 12-story asset located in Miami, Florida. With thoughtful unit layouts in a mix of flats and two-story townhomes, JOYA offers the largest floor plans in the market with an average unit size of 1,105 square feet. The property opened in February 2016 setting the standard for luxury apartment living while offering the most expansive amenities compared to its competitive set. Located within Dadeland, JOYA is less than five minutes from 1.5 million square feet of office and over 2 million square feet of retail. JOYA is also walkable to the Metrorail providing access to the other main employment corridors of Coral Gables, Downtown Miami and Miami’s Health District. Developed by nationally recognized Wood Partners, JOYA’s design elements and presence will stand the test of time.
Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Santorini– a 226-unit, Class A, mid-rise asset located in Boynton Beach, Florida. Santorini is currently under construction with anticipated Certificate of Occupancy scheduled for January 2018. The property is located in Renaissance Commons, the premier mixed-use PUD in Boynton Beach, Florida. Within the PUD, residents are able to take advantage of 130,000 square feet of retail shopping and fine dining selections. There is also 200,000 square feet of office space in the PUD. Immediately adjacent to the property is Boynton Town Center which features 400,000 square feet of retail; across the street is the Boynton Beach Mall, which offers 1.2 million square feet of retail.
Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire IMT Florida Club – a 264-unit, value-add residential asset located in Boynton Beach, Florida. Situated on over 17.5 acres, IMT Florida Club offers a mix of one, two and three-bedroom units with a market leading average unit size of 1,143 square feet. Developed in 2001, the property has been impeccably maintained and is positioned for a future investor to modernize the interiors by implementing an in-unit renovation program. With an average occupancy rate of almost 96% over the last 12 months, there is an opportunity to push rents allowing a new owner to further enhance their returns on an asset with an already proven cash flow stream.
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The House Residence at 250 Collins, 27 fully renovated residences located at 250 Collins Avenue in the heart of South Beach. The property allows for multiple investment strategies including hotel, apartments, short-term rentals, condo-conversion and condo hotel. The property has just completed a multi-year renovation which offers ultra high-end finishes including custom kitchens with quartz counters, high-end white lacquered cabinets and Miele appliance packages. Added into the redesign are a third floor glass penthouse level and a fourth floor roof top pool and sun deck. This truly is a turnkey, high-end boutique residence that does not exist South of 5th on Miami Beach.
The property provides spacious units averaging 702 square feet including 16 1bd/ba; 8 2bd/2ba; and 3bd/2ba units. 250 Collins is located in SOFI (South of Fifth) neighborhood, which is considered the most desirable in South Beach.
The property will be offered branded as The House Residence, a well-established international hospitality brand of hotels and residences. The brand translates into access to repeat Miami visitors from Europe and the Middle East as well as The House Collection’s international database of 40,000+ contacts. While the property is offered as a branded House Residence, if a purchaser has alternative plans for the property, this can be easily facilitated.
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Murano at Grande Lakes (the Property). Murano is an iconic suburban residential mid-rise located in South Orlando, just south of the Beachline Expressway directly across John Young Parkway from Darden Restaurants 650,000 corporate Headquarters, and just north of the 500-room Ritz Carlton and 1,000-room, JW Marriott. It is strategically located between Orlando’s International Drive Tourist Corridor and the Orlando International Airport.
Murano is where luxury living meets a premier Orlando location. This coveted and irreplaceable four-story, surfaced parked asset opened in April 2016 and comprises 240 luxury apartment homes and 434 parking spaces. Upgraded finishes and resort-style amenities blend modern living with all the traditions of home.