West Palm Beach Office
Coral Gables, FL 33134
Cushman & Wakefield has been exclusively engaged to arrange the sale of the Owner’s 100 percent fee simple interest in the 31-acre parcel at 1799 North Williamson Boulevard (the "Property"), an unimproved, residential development site located in Daytona Beach, Florida, with convenient access to Interstate 95 and immediate proximity to a large healthcare & education employment base..
Daytona Beach, FL
Miami, FL 33127
Miami, FL 33127
Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill recapitalization opportunity for Altis Grand Central – Central Florida’s premier 314-apartment home asset located in Tampa, Florida (the “Property”). The Property is comprised in a 8-story wrap design with a combined average unit size of 857 square feet. Altis Grand Central is walkable to the University of Tampa and notable retail destinations including the Oxford Exchange and Mise en Place. The Property is conveniently located in close proximity to Tampa’s most notable entertainment and cultural destinations including the Julian B. Lane Riverfront Park, Curtis Hixon Park, Sparkman Wharf at Water Street, The Heights, Hyde Park Village, Tampa Museum of Art, Straz Center, Amalie Arena, and The Florida Aquarium. Developed by nationally recognized Altman Companies, Altis Grand Central represents a rare opportunity in the Southeast United States within the Tampa MSA.
Tampa, FL 33606
Cushman & Wakefield, as exclusive advisor, is pleased to present the core-plus investment opportunity to acquire the 700 unit City Center on 7th in Pembroke Pines, Florida. The property features an appealing unit mix with 425 garden style apartment homes and 275 two-bedroom townhomes with a market-leading size of 1,143 square feet. Of the townhomes, 55% have direct-access two car garages while 18% have one car garages. Originally built in two phases in 2014 and 2015, the property has upgraded 320 units – changing Formica countertop in the kitchens and bath to quartz for a $75 monthly premium. Given its two-phase development, the property now has two clubhouses, pools and fitness centers. The recently completed Pines City Center provides residents walkability to 300,000 square feet including Publix and other shopping and dining destinations. Its central Broward location provides residents quick commutes to the major employment centers in South Florida.
Pembroke Pines, FL 33025
Cushman & Wakefield, as exclusive advisor, is pleased to present Cottage Cove - a 468-unit value-add opportunity located in Miami, Florida. Situated on 23.75 acres, Cottage Cove provides a low density, value-add opportunity with above market cash-on-cash returns. The property is offered free & clear although there is an option to assume the current loan. The opportunity to acquire a critical mass of units in Miami is rare. In the past 10 years, there has been less than 2 transactions per year of 400+ unit properties in Miami-Dade on average.
Current ownership has spent approximately $3.4 million in improving the property, ensuring limited need for major capital expenditures. Part of the renovations include replacing 94 out of 100 roofs in 2018. A future investor can further enhance the existing cash flows by implementing an in-unit renovation program to modernize the units by replacing carpet with vinyl tile flooring and upgrading kitchens and bathrooms to generate potential additional income of about $440,000. (6.6% over current market rents). There 45 units (9.6%) fully upgraded at the property. These units receive $140 premium over the classic units.
Cottage Cove provides immediate positive cash flow. In the past 12 months, the retention rate at the property was 65% with the most recent month’s retention rate hitting 85%. Over the past year, there has been 229 rent renewals that averaged an astonishing 6% in rent bumps making rent renewal a better option as opposed to renting the units to new tenants at market rents.
North Miami, FL 33179
Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Emerald Landings (the “Property”) – a 20-unit, luxury townhome community located in Tamarac, Florida. The property was built in 2015 to sell as individual townhomes. No townhomes were sold and the property operates as a single folio and ownership of all units.
Emerald Landings represents the rare opportunity for an investor to acquire a boutique, luxury townhome community without any HOA obligations. The property offers strong in-place income. Current market rents at the property are $2,364 whereas in place effective rents are $2,210 per month. A new investor can recognize revenue upside by eliminating $36,900 or $154/u/m in loss-to-lease by renewing or offering new leases to the units which are at below market levels. A new owner will also have the potential exit strategy of selling the units individually once the “for sale” market stabilizes.
Tamarac, FL 33321
Cushman & Wakefield is pleased to present the opportunity to acquire Lakeshore Heights - a 160-unit, three-story, garden-style apartment community located in Tallahassee, Florida (the "Property"). Completed in 2000, the Property went through a major renovation in 2019 that converted and upgraded many of the four-bedroom units to studio, one and two-bedroom units. Thirty-two four-bedroom units remain, demonstrating the possibilities for new ownership to complete the renovations. Lakeshore Heights offers residents immediate proximity to retail and dining options, as well as Interstate 10, providing East-West access from Jacksonville to Pensacola. Florida State University, Tallahassee Memorial Hospital, and the Tallahassee International Airport are all within 15 minutes from the Property.
Tallahassee, FL 32303
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Modera Metro Dadeland (the “Property”) – a transit-oriented, urban infill 25-story high-rise located in Miami, Florida, with tremendous walkability and regional connectivity via access to the Metrorail.
Developed by nationally recognized Mill Creek Residential, Modera Metro Dadeland was completed in 2018 and is comprised of 422 luxury apartment homes. The Property was meticulously designed to provide residents elegant unit features and expansive amenity space. Thus, it has attracted a sophisticated demographic with an average age of 38 and average household income of $147,000.
Modera Metro Dadeland’s quality energy efficient construction with LEED Silver Certification and irreplaceable location position the property for long term, sustainable cash flows in a rapidly growing market.
Miami, FL 33143
Miami, FL 33177
Cushman & Wakefield is pleased to present the opportunity to acquire Parkside at East Village, a Class A, 282-unit, three-story, garden-style apartment community located in Lady Lake, Florida.
Lady Lake, FL 32159
Cushman & Wakefield, exclusive marketing advisor, is seeking a recapitalization in REIT share interest in Society Las Olas (the “Property”) – a 34-story, mixed-use, TOD residential high rise located along the New River and renowned Las Olas Boulevard in Fort Lauderdale, Florida. Society Las Olas is the city’s premier rental apartment community that has leased at a record pace despite opening during the peak of the Covid-19 pandemic in late May 2020. The Property is composed of 639 luxury residences and also includes 27,801 square feet of office space, 4,295 square feet of seller owned and fully leased retail and 16,367 square feet of third-party owned and fully leased retail (third-party owned retail is not included in this offering).
Metro areas, including South Florida, are experiencing an affordability challenge as new high-end and highly-amenitized developments lack a broadly affordable entry price point. Society Las Olas’ innovative approach and creative design—through unit size and layout—addresses the problem of ever-increasing entry price points into highly urbanized markets. Society Las Olas’ flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price without sacrificing amenities or living experiences; in fact, they are provided a better one. The Property’s RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.
The Property’s downtown location along the river and its immediate walkability to the Brightline station presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from. Society Las Olas’ premiere quality, expansive amenity offering, and irreplaceable location are best positioned to benefit from the city’s impending growth and expanding transit connectivity for years to come.
Fort Lauderdale, FL 33301
Cushman & Wakefield has been exclusively engaged to arrange the sale The Cottages of Wildwood, a fully entitled and shovel ready, 9.98-acre, build-to-rent ("BTR") development site (the "Property"). The Property is zoned R-3, Medium Density Residential and current plans propose a 71-unit BTR apartment complex, consisting of one- and two-story detached cottages and townhouse-style residential buildings, a single-story clubhouse and pool, dog park, as well as two 5-car detached garage buildings and a maintenance building.
Wildwood, FL 34785
Cushman & Wakefield, as exclusive advisor, is pleased to present Residences Uptown Boca, a brand new, 456-apartment home, Class AAA residential community located in Boca Raton, Florida.
Boca Raton is sought after for its A-rated schools, thriving retail corridors and tremendous access to employment. The property is walkable to the newest and most desirable retail in the area which includes 158,000 square feet and will be anchored by a high-end grocer. The property is adjacent to the 100-acre Jewish Federation of South Palm Beach County. This site includes schools, assisted living and community centers and is the largest of its kind in the US. Uptown Boca’s location provides access to over 18 million square feet of office space and over 125,000 jobs.
Residences Uptown Boca’s architecture and five-story design make a stunning impression. Its apartment homes have unrivaled asset quality, best-in-class finishes and thoughtful touches catering to the highest renter profile. The property opened in November and has averaged over 45 leases per month demonstrating the strength of the property and the market.
Boca Raton, FL 33428
Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire Town Lantana (the “Property”) – an increasingly scarce east of I-95, new construction, luxury garden apartment development of 360 apartment homes in the growing area of Lantana, Florida. The property is comprised of 14 three-story buildings walk-up units averaging 947 square feet that are serviced by detached garages and car ports. Town Lantana is located less than 0.5 miles from I-95 and 1-mile from the beach.
The community is a short distance from millions of square feet of high-paying jobs in Boca Raton, Downtown Delray Beach and the Central Business District of West Palm Beach. The property also has tremendous access to Lantana Blvd (35,500 cars daily) and will have future walkability to 125,000 square feet of retail that is under construction. The property opened in January of 2020 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 22 units per acre.
Lantana, FL 33462
Cushman & Wakefield is pleased to present the opportunity to acquire Tuscan Reserve - a Class A, 123-unit, two & three-story, garden-style apartment community located in Palm Coast, Florida (the "Property"). Completed in 2021, the Property offers residents top-of-the-market finishes, and immediate proximity to retail and dining options, as well as AdventHealth Palm Coast. Tuscan Reserve is located within minutes of both Interstate 95 and Flagler Beach. With thoughtful unit layouts in a mix of one, two, and three-bedroom apartments, Tuscan Reserve has set a new standard for luxury apartment living in Palm Coast.
Palm Coast, FL 32164
Miami, FL 33143
Davie, FL 33314
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire X Miami (the “Property”) – a 32-story, transit-oriented high rise located in globally renowned Downtown Miami, Florida. X Miami is the city’s premier rental apartment community that opened with much fanfare in the summer of 2018 and has proven resilient through the coronavirus pandemic. The Property is composed of 464 luxury residences with 729 square feet of fully-leased restaurant space in the building’s lobby.
First-tier cities, including Miami, have begun to experience an affordability challenge as new high-end and highly-amenitized products lack an affordable entry price point. X Miami’s innovative approach and creative design – through unit size and layout – addresses the problem of ever-increasing entry price points into highly urbanized markets. X Miami’s flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price, without sacrificing amenities or living experiences; in fact, they are provided a better one. RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.
The Property’s downtown location presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from owning due to the building’s quality and positioning. X Miami’s landmark location and adjacency to a Metromover station puts it at the forefront of the impending growth that Miami is experiencing in its ascent into a first-tier world-class city.
Miami, FL 33132
Cushman & Wakefield is pleased to present the opportunity to acquire Bungalow Walk at Lakewood Ranch - a Class AA, 228-unit, single-family, build for rent community (the "Property"). The Property is located in Sarasota, Florida, within Lakewood Ranch, the nation’s second-fastest selling master-planned community.