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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.

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Marketing
Broadstone Plantation
250 Units
6901 W Sunrise Boulevard
Plantation, FL  33313
Posted: 5/7/2018

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.

A Trophy Residential Tower

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.

Superior Asset Quality and Unit Sizes

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.

Performance Fueled by Affluence

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.

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Marketing
Icon Las Olas
272 Units
500 East Las Olas Boulevard
Fort Lauderdale, FL  33301
Posted: 9/21/2018

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire Parcel 3B at Las Olas Square, a 15,277-SF site at the epicenter of Downtown Fort Lauderdale. The property has 70 linear feet of frontage along Las Olas Boulevard – the main entertainment and business corridor of Downtown Fort Lauderdale – and is directly adjacent to two of the area’s most iconic developments, Las Olas Square and Icon Las Olas. The liberal RAC – CC zoning allows for a variety of uses including residential, hospitality, office and retail.

The site is one the last remaining undeveloped single parcels in Downtown Fort Lauderdale and offers incredible connectivity and walkability to all of the world-class amenities that the area has to offer. With multiple projects underway and planned for Fort Lauderdale, the city is in the midst of an urban revival as the CBD is poised to experience a significant increase in its residential population. Parcel 3B at Las Olas Square presents a compelling opportunity for developers to purchase a trophy development site in Fort Lauderdale’s urban core.
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Marketing
Parcel 3B at Las Olas Square
   
 
Posted: 9/10/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present Del Oro, a 345-unit, value-add multifamily asset located in Plantation, Florida. The property consists of two phases and includes 175 units in 2 five-story buildings and 170 units in 5 two-story buildings. Del Oro has been well maintained with over $2.8 million in capital improvements and represents a tremendous opportunity for increased cash flow from the continuation of an in-unit renovation program. With a growing retail dynamic, a burgeoning employment market, and a solidified institutional presence from major developers and asset managers, Plantation is considered one of the most dynamic live, work and entertainment locations in South Florida.

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Marketing
Del Oro
345 Units
7001 NW 16th Street
Plantation, FL  33313
Type: Conventional
Posted: 5/11/2018

Cushman & Wakefield is pleased to present 5 Palms, a AAA boutique condominium in the heart of Boca Raton. There are 8 out of 16 luxury condominiums available for purchase. The 8 units are all 3bd/3ba averaging 2,525 square feet. The building totals 9 stories, with two units per floor. Each unit has direct elevator access. The 8 units are currently 100% rented. The 8 units have actual rents totaling $46,955 per month - $563,460 per year. A unit sold in September 2018 within the building for $815,000 - $323 PSF. Previous sales have been up to $1,075,000 - $426 PSF. This is a rare opportunity to acquire the majority of the units within an ultra-luxury condominium development below retail sales within the market.

Centrally located in the heart of Boca Raton, 5 Palms offers 24-hour doorman/concierge service, two parking spaces per unit, stainless steel swimming pool, private access elevators, terraces, lush landscaping and Zen-influenced water, closed circuit security system with surveillance and keyless entry, chef inspired, European style kitchens with a wet island and loaded with sleek stainless steel appliances including a 24 bottle wine chiller and beautiful marble bathrooms featuring Hansgrohe and Toto Fixtures.

5 Palms is located on Palmetto Park Road in the heart of East Boca Raton. The property is a walker’s paradise. Residents are a short stroll from the beaches, as well as an abundant amount of high-end restaurants and shops located along Palmetto Park Road and in Mizner Park, a high-end Spanish-styled mixed use center that offers boutiques, retail shops, dining, music, events, museums, and movies.

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Marketing
5 Palms
   
455 E Palmetto Park Road
Boca Raton, FL  33432
Posted: 1/24/2018
The Cushman & Wakefield Multifamily Advisory Group is pleased to present 925-965 Marseille Drive, a renovated apartment rental on Normandy Isle in Miami Beach. The property recently completed a renovation including exterior upgrades such as enhanced landscaping, hurricane-impact windows and new gate as well as interior upgrades including ceramic tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The 27 units are all one bedroom units averaging 700 square feet. Although the property is offered on an individual basis, there is an opportunity to acquire a total of 76-units in the immediate area surrounding the property, a very rare critical mass opportunity for North Beach.
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Marketing
925-965 Marseille Drive
27 Units
925-965 Marseille Drive
Miami Beach, FL  33141
Type: Conventional
Posted: 9/20/2017
The Cushman & Wakefield Multifamily Advisory Group is pleased to present Bay Harbor Collection, a fully renovated apartment rental in the heart of the highly desirable Bay Harbor Islands neighborhood. The property is in excellent condition. Ownership spent over $2 million in improving the property including upgrading all units with hurricane-impact windows, new doors, 18x18 tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The buildings were recently painted and all handrails and pool fencing were replaced. The 33 units are spacious in size averaging 838 square feet including 1 studio, 23 one-bedrooms, 8 two-bedrooms and 1 three-bedroom. The 60,000 square foot site allows for multiple uses including rental, short-term rental, condo conversion or redevelopment.

The 33-unit Bay Harbor Collection is being offered as is. No offers will be entertained for a portion of the portfolio. However, Bay Harbor Collection can be purchased as part of a greater portfolio including four properties and totaling 133 units. For more information please contact Calum Weaver or Perry Synanidis.

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Marketing
Bay Harbor Collection
33 Units
9770-9800 E Bay Harbor Drive | 1050 98th Street
Bay Harbor Islands, FL  33154
Type: Conventional
Posted: 9/19/2017

Cushman and Wakefield, as exclusive marketing agent, is pleased to present the opportunity to purchase Diamedix Wynwood (the “Property”) – a ±2.27-acre parcel assemblage at the southern gateway to the Wynwood Arts District in the high-barriers-to-entry Miami-Dade MSA. The offering presents investors and developers with an exciting adaptive re-use or ground-up development project as the Property currently has five buildings totalling ±51,205 rba sf that can be renovated and retrofitted for high-end retail or creative office space, or be razed with the potential for up to 340 multifamily units. With direct frontage along N Miami Ave and NW 22nd street, Diamedix Wynwood offers incredible connectivity to all of the amenities the Wynwood Arts District has to offer including world-class art galleries, restaurants and entertainment, as well as being just minutes from the Downtown Miami/Brickell CBD, Midtown Miami, the Design District and the beautiful Miami beaches. The Property is also just minutes from the area’s main transportation hubs including I-95, I-195 and I-395, as well as the Miami International Airport and the new MiamiCentral rail station – with services from all four of the region’s trains including Brightline, Tri-Rail, Metrorail and the Metromover.

Adaptive Re-Use Potential

  • Excellent location incentivizes a number of re-uses of building
  • Existing structures coincide with current industrial feel of the neighborhood
  • Office, retail, commercial, and media potential uses highlight the versatility of the site

Ground-up DEVELOPMENT OPPORTUNITY

  • Potential to build up to 340 apartments with ground floor retail
  • Zoning allows for a multitude of purposes; residential, office, retail, or hospitality
  • The Project is zoned T6-8 allowing for up to 150 units per acre and building height up to 12 stories
  • Untapped growth beyond the numbers due to lack of institutional quality apartments, office, and retail space

DYNAMIC NEIGHBORHOOD

  • 91 Walkscore
  • Wynwood is home to Miami’s creative class. The area has attracted 70+ art galleries and an ever-growing number of restaurants, bars, and retailers
  • “Coolest Neighborhood in the World” – Vogue Magazine
  • “America’s Best Hipster Neighborhoods” – Forbes Magazine
  • One of the most active event locations in all of Miami

outstanding Market Fundamentals

  • Residential: Nearby apartment developments are achieving $3+ per square foot per month
  • Office: Wynwood is greatly underserved by high quality office buildings. Despite this, a number of submarket office buildings achieve rental rates that rival other top Miami office markets
  • Retail: Prime retail sites in Wynwood are achieving as high as $100 per square foot NNN and growing

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Marketing
Diamedix Wynwood
   
2141 N Miami Avenue
Miami, FL  33127
Posted: 2/14/2018

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire NoMia Land: a ±1.88-acre site located at the intersection of one of North Miami’s most traveled thoroughfares at NE 135th Street (47,000 vpd) and NE 6th Avenue (26,000 vpd). The site is within the newly established Neighborhood Redevelopment Overlay district (NRO) that allows up to 100 units per acre and a building height of up to 110 feet, allows for 188-units with a minimum average of 750 square feet. The site zoning allows for a variety of uses including residential, commercial, hotel, mixed use and assisted living.

The site serves as a “Main and Main” location within the City of North Miami. The site is approximately 1.5 miles from I-95 and Biscayne Boulevard, allowing easy access to the areas major thoroughfares. Moreover, the site is walking distance to Arch Creek Elementary and North Miami Middle and High Schools as well as the North Miami Downtown District located on NE 125 Street.

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Marketing
NoMia Land
   
535 NE 135TH Street,
North Miami, FL  33161
Posted: 1/11/2018

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.

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Under Contract
Riviera Hills
84 Units
5220-5435 NW 18th Place
Lauderhill, FL  33313
Posted: 6/19/2018