Miami-based BH3 Management (BH3) has applied for building permits with the Federal Aviation Administration (FAA) for DNA Towers, a planned mixed-use development encompassing twin multifamily towers of 40 and 45 stories set to reside at 300 North Andrews Avenue in Fort Lauderdale. Designed by Sieger Suarez Architects with landscaping from EGS2 Corp, plans call for two 500-foot-tall structures comprising just over 1.4 million square feet including 612 residential units, approximately 60,000 square feet of prime experiential retail and commercial space, and a 7-story parking garage with 890 parking spaces. DNA Towers are proposed to become two of the tallest buildings in Fort Lauderdale, surpassing the current tallest, the 499-foot-tall 100 Las Olas.
Gridline Properties, a leading South Florida commercial real estate brokerage, announces the sale of 1426-1486 Skees Road in West Palm Beach for $16 million to Alliance Partners HP, LLC, an eponymous enterprise for the Bryn Mawr, Pennsylvania-based commercial real estate investment firm, which also has an office in Fort Lauderdale. The 8.26-acre property just West of Florida’s Turnpike is comprised of nine industrial buildings totaling 73,130 square feet, sold by GC Skees Industrial LLC. Yonatan Missika of Gridline Properties represented both sides of the deal, marking one of the highest price-per-square-foot trades in the county at $217-per-square-foot.
MG Developers hopes to start construction on Merrick Parc, a multi-million-dollar residential complex in Miami, Florida. It purchased the 43,785-square-foot site for $19 million. If approved, the development will offer two 20-story buildings.
Developers Fortune International Group and Oak Capital are pleased to announce the grand opening of the over 4,000 square foot beachfront sales gallery for The Ritz-Carlton Residences, Pompano Beach, a dual-tower property of 14 and 32 stories designed by Revuelta Architecture International. The development will offer 205 thoughtfully-designed residences with interiors by world-renowed designer Piero Lissoni, over 35,000 square feet of curated amenities and the legendary Ritz-Carlton service. Located at 1380 S. Ocean Blvd, the sales gallery provides a glimpse of the truly unique residential experience prospective buyers can anticipate with a model kitchen, model bathroom and a gorgeous outdoor deck with a fire pit and private beach area. Fortune International Group is the exclusive sales and marketing team.
Developers hope to move forward with the Evergreen Townhomes, a multi-million-dollar residential development. Right now, the venture’s still in its infancy. However, when completed, it’ll offer 40 units across seven two-story buildings.