This 30,000 sf boutique style shopping center located on East Hallandale Beach Blvd just east of Biscayne Blvd (US Route 1) and shawdow anchored by the Gulfstream Hotel & Casino. Area retailers include: Winn Dixie, Burlington Coat Factory, City National Bank, Petco, Publix, Third Federal Bank, Burger FI & BB&T.
Space Available 850 - 1,200 SFRental Rate Yr NegotiableSpaces 2Gross Leasable Area 30,000 SFProperty Sub-type Strip CenterStatus Active
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Hallandale Beach is rapidly morphing from a quiet coastal suburb to a vertical development hub.
The city’s fast-changing built environment will include two recently approved projects: a 28-story office building, called Optima II, and Hallandale Oasis, a mixed-use development with a 19-story hotel and twin 26-story condos.
Hallandale city commissioners granted approval May 18 to Optima II and Hallandale Oasis, and in June, they will consider whether to approve a 23-story residential development, together with a hotel and commercial space, at 900 South Federal Highway.
Earlier this year, the owners of the 127-acre Diplomat Golf & Tennis Club in Hallandale Beach won city approval to construct condo and condo-hotel buildings ranging in height from 20 stories to 30 stories.
Jack McCabe, a real estate analyst in Deerfield Beach, told the Sun-Sentinel, “We’re going to see Hallandale go through a metamorphosis in the next five, six years. Just 10 years ago, that area was fairly blighted. But we’ve seen Hallandale undergo a gentrification process.”
While Broward County might not have the same glitz and glamour of its southern cousin Miami-Dade, the county had plenty of big-ticket commercial deals last year that racked up millions.
The Real Deal analyzed data from the CoStar group, an information company, to compile a list of Broward’s biggest commercial buyers during 2015.
#1 Prologis – $407.5 millionPrologis, one of the country’s biggest industrial real estate firms, racked up more pricey property purchases in Broward than any other company.The company sank a total of $407.5 million into 23 properties spread throughout the county, mostly concentrated in Hollywood and Fort Lauderdale.What helped push Prologis to the top this year was its $820 million acquisition of a 21-property portfolio from Morris Realty Associates. Three of those properties were located in Broward, totaling about $69.4 million.
#2 Starwood Capital Group – $281.9 millionSecond on the list was investment firm Starwood Capital Group, headquartered in the wealthy enclave of Greenwich, Connecticut.The firm put $281.9 million down on 13 properties in Broward, most of which were office buildings located in Fort Lauderdale business parks.Not to be outdone, Starwood also closed on a massive commercial sale last year. The investment firm was one of three buyers that paid $1.1 billion for Duke Realty’s portfolio of 62 properties in the Southeastern United States.Among those properties were eight office buildings in Fort Lauderdale and one in Pompano Beach, which made up the bulk of Starwood’s investment total for Broward County last year. Together, they totaled almost $180 million worth of properties.
#3 Norges Bank – $272.3 millionClose behind Starwood was the Norwegian central bank, which had a serious hankering for South Florida real estate last year.Norges Bank assembled $272.3 million worth of Broward County commercial properties during 2015, landing it in third place for the year’s list of biggest buyers.Those purchases were spread out over 13 properties between Fort Lauderdale, Hollywood, Pompano Beach, Hallandale and Dania Beach.All 13 were purchased in a joint-venture with Prologis — our No. 1 contender — as part of the $5.9 billion acquisition of KTR Capital Partners’ portfolio of 322 distribution properties throughout the U.S.Norges Bank is one of many foreign sovereign wealth funds picking up big chunks of U.S. real estate.
#4 TIAA-CREF – $238.8 millionTIAA-CREF is a Fortune 100 company that provides pensions for teachers and other professionals. It’s also one of the country’s largest real estate investment companies, and holds the No. 4 spot on the list of Broward’s biggest commercial buyers.The company spent $238.8 million on Broward County properties last year. The interesting part? That was split between just two purchases.In the first deal, the financial giant picked up Orlando-based Zom’s Casa Palma apartment complex in unincorporated Broward for nearly $90 million.Next, TIAA-CREF paid the Related Group an incredible $149 million for its Manor at Flagler Village apartment project in Fort Lauderdale.
#5 Global Logistics Properties – $187.7 millionLast but certainly not least is Chicago-based Global Logistics Properties, a multinational real estate firm that specializes in — you guessed it — logistics properties.Last year, GLP put down an impressive $187.7 million for 11 Broward County properties, all but one of which was located in Fort Lauderdale.The commercial giant continued this list’s trend of massive portfolio deals with its purchase an Industrial Income Trust assemblage in a deal valued at $4.55 billion.In Broward, that portfolio’s biggest piece was Sunrise Distribution Center in Fort Lauderdale. It alone fetched $43.8 million.
Beachwalk features 300 exquisite waterfront residences where leading-edge design and artistry elevate beach living to a newer, more modern level. Perfectly located along the shores of the Intracoastal Waterway in Hallandale Beach, Beachwalk provides a peaceful atmosphere, free from busy crowds and with exclusive private beach-club services. At the same time, Beachwalk is just minutes from golf and country clubs, thrilling racetracks and casinos, fun-filled parks and attractions, high-end shopping, great dining, entertainment, the arts, and more.
In addition to an exclusive beach-club way of life, Beachwalk also offers a unique hotel scenario that’s perfect for part time residents seeking the ultimate benefit of a property that is managed and maintained by a world class hotel operator. Beachwalk will feature 216 units with beautifully finished and furnished contemporary Italian designer furniture. The living rooms will be appointed with luxury furnishings and LED “Smart” televisions, In-suite technology (including high-speed internet access, WiFi, multiple phone extensions with voicemail), individual climate control as well as security features including in-room safes and electronic door locks. All of the hotel services will be managed and operated by famed hotelier Gemstone Hotels & Resorts
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