Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the Port Royale Apartments, a 553-unit apartment community located along the Intracoastal Waterway in Fort Lauderdale, Florida. This exclusive waterfront investment opportunity spans approximately 22 acres and features a midrise building with 161-units nestled along 380 feet of water frontage along with 392 garden style units graciously spread across 16 acres. The Port Royale Apartments were developed between 1988-1990 and today are part of an HOA which also includes 230 private condominiums in a single 20-story tower, 555 luxury rental units developed in 2017 and a 64-slip private marina. The 22 acre site is entitled for a total of 845 units, thus there remains the opportunity to develop an additional 292 units. To date, roughly 80% of the Property’s units have been renovated achieving average rent increases of $220. Port Royale represents a very unique investment opportunity in which a buyer can implement several complementary investment strategies to achieve outsized returns.
Fort Lauderdale, FL 33308
Fort Lauderdale, FL 33301
Miami Beach, FL 33140
Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Innovo Living on Atlantic (the “Property”) —a 310 unit, multifamily asset located in Coral Springs, Florida. The property is comprised of 48% one-bedrooms, 52% two-bedrooms. Completed in 1987, Innovo Living on Atlantic received an extensive capital infusion which included a brand new 5,138 square foot clubhouse featuring an expansive lounge area, climbing wall, fitness center, Yoga and Pilates studio, lap pool and business center. The interior units were completely repositioned to feature new cabinets, counter tops, appliances, lighting and hard surface flooring throughout. Additionally, the second floor units were modified to feature vaulted ceilings in the living area. The property has excellent drive-by visibility along Atlantic Boulevard with exposure to over 36,000 cars daily and is less than two miles from the Sawgrass Expressway providing access to over 47.7 million square feet of office within the major employment sectors of Sunrise, Plantation, Cypress Creek, Fort Lauderdale and Boca Raton.
Coral Springs, FL 33071
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pearl Flagler Village – the premier midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 350 apartment homes, this 7-story multifamily building opened and began leasing in January 2019 and units have been quickly absorbed. The property is nearing the end of its lease-up – it is 83% leased and 73% occupied and is projected to stabilize by the end of December. With a 92 Walk Score the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County. Developed by Morgan Group, the property sets the standard for luxury apartment living with market leading finishes and amenities.
Fort Lauderdale, FL 33301
Downtown Coral Gables Location Along Miracle Mile
Fully Leased & Stabilized
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire The Mile (the “Property”) – a boutique, Class-AA, 120 apartment home high-rise located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2016 and owned and managed by Greystar, the Property consists of a mix of one-, two-, and three-bedroom units, along with 3,000 square feet of fully occupied ground floor retail. The Property has exceptional walkability to jobs, dining and nightlife within downtown Coral Gables, resulting in a Walk Score of 92. Further, within a one-mile radius of the Property is 8.3 million square feet of office space. The Mile’s offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high rise apartment community steps from the center of its most affluent and economically robust city.
Miami, FL 33145
Irreplaceable Location in one of Orlando’s Most Dynamic Submarkets
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Haven at Reunion, a brand-new apartment home community in Kissimmee, Florida. The 338-unit property consists of three-story garden style buildings with an average unit size of 989 square feet. Developed in 2019, the property consists of a mix of one-, two- and three-bedroom residences with expansive common area amenities and market leading finishes. The location of Haven at Reunion is just minutes from I-4 providing residents with excellent access to the areas’s top employers such as Walt Disney World, Universal Studios, NeoCity, Lake Nona, Darden Restaurants, Lockheed Martin, and AdventHealth.
Kissimmee, FL 34747
Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Ventura Pointe – a premier 206-unit apartment home community located in Pembroke Pines, Florida. The property is comprised of four- and five-story elevatored garden buildings with an average unit size of 958 square feet.
Ventura Pointe is centrally located in Pembroke Pines and provides convenient access to the employment markets of Miramar, Plantation, Sunrise and the South Florida Education Corridor. The property is also adjacent to the 301-bed Memorial Hospital Pembroke. Located on University Drive with drive-by exposure to 53,000 cars, residents have excellent access to retail and entertainment along the corridor with a new Lucky’s Market opening less than one mile from the property. Ventura Pointe opened in April 2018 and is finalizing its lease-up.
Pembroke Pines, FL 33024
Cushman & Wakefield, as exclusive advisor, is pleased to present ORA Flagler Village - a luxury midrise apartment community with 292 units in Fort Lauderdale, Florida. Situated in Flagler Village, this rapidly expanding location offers a unique blend of walkability to trending retail and access to the most active office market in the county. The apartment homes were carefully crafted to feature two different finish packages and 10’ & 11’ ceilings throughout, resulting in new levels of luxury.
Fort Lauderdale, FL 33304
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Altis Bonterra, a brand new, stabilized apartment home community located in greater Miami. The property has 314 residences in three-story buildings, all with private entrances and direct access garages to 35% of the apartment homes. Conveniently located with immediate access to I-75 and the recently completed infrastructure project connecting I-75 and the Florida Turnpike, residents can access the major employment markets within both Broward and Miami-Dade Counties. Additionally, two miles north, the $4 billion, 6.2M-square-foot American Dream Mall is approved and will be a catalyst for the area. Altis Bonterra is considered one of the highest quality suburban multifamily assets within Miami. The property boasts an established demographic with an average age of 37 and average household income exceeding $100,000. Altis Bonterra is being offered to the market for the first time by its nationally-recognized developer, The Altman Companies.
Hialeah, FL 33018
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire 8800 Doral (the “Property”) - a Class-AAA, 550-apartment-home, luxury midrise residential community located in the heart of Doral, Florida, offered for the first time by its globally-renowned developer, Hines. The Property was opened in 2018 and recently completed its lease-up. The Property is located at the Doral’s main and main, which makes it steps away from key points of interest such as Trump Doral and billions of dollars in mixed-use developments in Downtown Doral and CityPlace Doral. Within a one-mile radius of the Property is 5.1 million square feet of office space, including multiple international, North American, and regional headquarters. Driven by the abundance of high paying jobs and excellent schools, Doral is projected to continue its rapid growth - strengthening 8800 Doral’s long-term demand. 8800 Doral presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community at the epicenter of its fastest growing city.
8800 Doral has been developed by Hines and designed by Arquitectonica. This combination of an industry leading developer and Miami based, world-class architect has positioned 8800 Doral as a long term, best-in-class asset that has set the standard for luxury living in Doral.
Doral, FL 33178
The Perfect Sunrise Location with Tremendous Upside
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.
Sunrise, FL 33323
Attractive Location in one of Orlando's Most Dynamic Submarkets
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Alta Grande, a brand-new apartment home community in South Orlando. The 314-unit property consists of three-story garden-style buildings with an average unit size of 969 square feet. Developed in 2018, the property consists of a mix of one-, two- and three-bedroom residences with expansive state-of-the-art amenities and market-leading finish levels. The location of Alta Grande in South Orlando offers the ultimate access to jobs, retail and entertainment. The property is less than 5 minutes from SouthPark Center, a 1.5 million square foot office park as well as just minutes from two Fortune 500 companies, Lockheed Martin and Darden Restaurants. Residents also have access to I-4, The Beachline Expressway (FL-528) and Florida’s Turnpike, allowing residents easy access to Orlando’s major employers.
Orlando, FL 32837
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.
Fort Lauderdale, FL 33301
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.
Miami, FL 33172
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.
North Lauderdale, FL 33068
Fort Lauderdale, FL 33316
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.
Miami Beach, FL 33141
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.
Davie, FL 33314
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.
Lauderhill, FL 33313
Miami Beach, FL 33141
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.
Plantation, FL 33313
Miami, FL 33132
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.
Pompano Beach, FL 33069