Miami, FL 33130
Cushman & Wakefield has been exclusively engaged to arrange the sale of the Owner’s 100 percent fee simple interest in 1625 First Ave North (the "Property"), a fully entitled, 0.73- acre multifamily development site located in St Petersburg, Florida.
The approved site plan consists of a four-story garage podium, with a 15-story, 224-unit residential tower above. The ground floor includes a residential lobby accessed from 1st Street North, a health & fitness center, short-term parking and drop-off area, and support space. The approved garage plan includes storage lockers, and 253 spaces, which includes 11 first-floor spaces.
Situated in Downtown St. Petersburg, one of Florida’s most sought after multifamily investment markets and opportunity zones, the Property will offer residents convenient access to robust institutional employment anchors and all the attractions that make St. Petersburg Florida’s premier lifestyle destination.
St. Petersburg, FL 33713
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 2150 Park, 20 fully renovated residences located at 2150 Park Avenue in the heart of South Beach. The property is currently operating as a Short-Term Rental facility with a hotel license in place under the Jurny Brand. The management agreement has the option to be terminated upon a potential sale of the property. It has been performing exceedingly well in the post-pandemic era with ADR levels surpassing $240 and occupancy levels hitting higher than 90%.
The property allows for multiple investment strategies including hotel, apartments, short-term rentals, condo-conversion and condo-hotel. The property was recently completely “gutted” with just the building frame remaining. All “behind the scenes” elements including electrical, plumbing, roofing etc. were replaced. Renovations also featured tile flooring throughout the rooms, upgraded kitchens with stainless steel appliances and modern cabinets, subway tile throughout the bathroom and the shower, new vanities and fixtures as well as modern furniture and light fixtures. With STR being very limited throughout Miami Beach, this truly is a stabilized turnkey, high-end boutique residence that does not exist near the Convention Center.
The property provides furnished units averaging 443 square feet, all 1BR/1BA units. 2150 Park is located only footsteps from the Miami Beach Convention Center, the Bass Museum of Art and the world-renowned Lincoln Road. The property is steps away from some of South Beach’s most iconic resorts including The Loews, The Setai, The Shore Club, The Delano, The W and Faena Miami Beach.
Miami Beach, FL 33139
2825 Wynwood is zoned to permit a broad range of uses including residential, retail, hospitality and office, among others. Zoning allows building heights up to 8 and 12 stories (with bonuses) on the southern and northern portions of the site, respectively. The permitted “by-right” residential density is 150 units per acre. (Density can be increased 50% to 225 units per acre through Trust Fund contributions). The property is ideally situated for intense mixed-use development designed to optimize its Main and Main location at the heart of Wynwood.
Miami, FL 33127
Fort Lauderdale, FL 33304
The Site is zoned RAC-CC, permitting intense, mixed-use development and is ideally suited for high-rise residential development and/or offices. The Site is positioned along the southern end of the Fort Lauderdale CBD, in the path of development with several large-scale projects already planned nearby.
Fort Lauderdale, FL 33316
Cushman & Wakefield, as exclusive advisor, is pleased to present 6375 West Irlo Bronson Highway (the "Property"), a 76.84-acre development site located in The Orlando MSA. The offering represents a generational opportunity for a developer to build a truly unique and impactful project that will transform the Orlando MSA.
The Property bears a Commercial Tourist(CT) zoning designation, which is primarily intended for intense tourist-related housing, commercial and recreational, and entertainment uses. The CT zoning designation has only two restrictions, no industrial uses, and a maximum residential density of 80 units per acre.
The Property benefits from its location on the northeast corner of the intersection of Interstate 4 and W Irlo Bronson Memorial Highway (Highway 192), providing easy access to Orlando’s major employment and entertainment destinations. The nearby Tourist Corridor Office submarket is home to 9.8 m.s.f of office space and features major corporate users including Lockheed Martin, Darden Restaurants, Wyndham Destinations, Visitana, and Houghton Mifflin Harcourt. Additionally, the Property is within 10 minutes of over 8.0 m.s.f. of retail and restaurant space and is adjacent to Disney’s sprawling 25,000 acre campus supporting over 77,000 employees.
Kissimmee, FL 34747
Miami, FL 33161
North Lauderdale, FL 33068
Miami, FL 33137
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 252-unit Canyon Part Apartments community located in Tallahassee, Florida.
Tallahassee, FL 32303
Margate, FL 33063
Cushman & Wakefield, as exclusive advisor, is pleased to present Centre Lake, a transit orientated, incoming producing, development site. Situated on 11.1-acres, the site is adjacent to the Golden Glades Multimodal Transportation Facility and is currently improved with 234-units. The property is part of an areawide rezoning effort that, upon approval, will increase the "as of right" density to 125 units per acre. An additional 25% density bonus can be achieved by incorporating workforce housing or making a “contribution in lieu” payment.
Built in 1986, Centre Lake Apartments is a 234-unit single-story, villa-style property. The property is 94% occupied with below market rents. There is $640,000 of loss-to-lease revenue upside potential to be realized by pushing all the rents to market. Market rents are readily attainable of $1,300 for studios; $1,500 for one bedrooms and $1,925 for two bedrooms; 31 units (13%) are currently renting at or higher than these market rents. Assuming all units are at the respective market rents, there is $640,000 in loss-to-lease before capital enhancements. Current ownership has upgraded three units. New ownership can chose to implement a value-add program and receive $150 per unit rent premiums over the market rents which would add another $420,000 in upside income. All one and two bedroom units (69% of all units) have washer and dryer hookups in place.
The Centre Lake property is positioned within an area that is being considered for up-zoning that would increase the site’s density potential to ± 1,733 units or about 156 units per acre. In September 2022, the Miami-Dade County Commission is scheduled to review a large area rezoning application that would dramatically increase the residential density potential of the N.W. 7th Avenue corridor, including the Centre Lake property, by including it in the North Central Urban Area District (“NCUAD”). As part of the NCUAD, the property will be designated “RM-Core” allowing up to 15 stories and a residential density of up to 125 units per acre "as of right." A density bonus of up to 25% can be achieved by participating in the County’s Workforce housing program, bringing estimated potential density to over 1,700 units. In addition, due to Centre Lake’s proximity to the new Golden Glades Multimodal Transportation Facility, existing bus stops and the Golden Glades Tri-Rail Station, it is eligible for a parking reduction of up to 30%.
Miami, FL 33169
Miami, FL 33131
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 80-unit Courtyard Villas Apartments community located in Orlando, Florida.
Orlando, FL 32839
Cushman & Wakefield is pleased to present the opportunity to acquire Emerson, a Class AA, 66-unit, townhome, build-for-rent community (the "Property"). Developed by Infinia Living, the Property is located in Gainesville, Florida along SW Williston Road, southwest of the University of Florida and southeast of the Butler Shopping District.
Emerson will offer residents top of the market finishes, thoughtfully curated unit features, immediate proximity to retail and dining options, and direct access to a notable medical and higher education employment presence.
Residents will have the options of a single, two, or three-story townhome, ranging in size from 920 s.f. to 2,204 s.f. Floorplans will feature one, two, and three bedrooms with select units including one or two car garages, dedicated terraces, and private yards.
The community’s focus on well-being and fulfillment inspired by Ralph Waldo Emerson will set the Property apart from its competitive set by merging daily life with all aspects of holistic wellness.
Gainesville, FL 32608
The site is located adjacent to the Galleria Mall, ½ block from the Intracoastal Waterway and a less than 10-minute walk from Fort Lauderdale Beach. It is also walkable to multiple retailers (including a Publix grocer) and dining establishments. With 330+ feet of frontage along heavily traveled Sunrise Boulevard, the site is ideally suited for intense, mixed-use development including luxury multifamily (rental or condo), retail, office and/or hotel.
Fort Lauderdale, FL 33304
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 180-unit Grove at Temple Terrace community located in Temple Terrace, Florida.
Temple Terrace, FL 33617
Miami, FL 33130
Milagro has one of the most preeminent locations in all of Coral Gables. Situated in the heart of Coral Gables, Milagro is among the most walkable sites in the region boasting a near-perfect 96 Walk Score. Just steps away is the iconic Miracle Mile, the cultural and business hub for Coral Gables with top-tier dining, retailers and Class-A office space. Milagro’s location in Downtown Coral Gables provides residents with an all-inclusive live-work-play environment that compares to Downtown Miami and Brickell alternatives.
Miami, FL 33145
Boynton Beach, FL
The property is situated in the North Beach are of Miami Beach on Normandy Isle, approximately 0.5 miles west of the beach. It is a 3-story building that contains 18 units of which, 11 are studios, five are one bedrooms and 2 are two bedrooms. Ocean 18 Lofts is available below the replacement cost to acquire and renovate comparable properties in the immediate area.
The property has below market rents. There is a loss-to-lease upside of $68,000 or over $300 per unit per month in rental upside by achieving current market rents at the property. Despite all units been fully renovated, there are only two units currently at market rents.
Ocean 18 Lofts is situated on Normandy Isle within Miami Beach. It is walking distance to the beaches, Collins Avenue, and area attractions. The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.
Miami Beach, FL 33141
Extensive frontage along the heavily traveled Sunrise Boulevard, and 360 degrees of extraordinary views make this parcel an exciting luxury condominium and hotel development opportunity.
In addition to its immediate access to world-renowned Fort Lauderdale Beach, the property is easily walkable to the Galleria Mall, Hugh Taylor Birch State Park and the Bonnet House museum. Downtown Fort Lauderdale is located just two miles away.
Ocean Park Hotel & Residences offers a developer the rare, infill opportunity to create a marquee project within the coastal community of Fort Lauderdale Beach.
Fort Lauderdale, FL 33304
Lake Park, FL 33403