US Capital Holdings Group recently unveiled the master plan. CLICK ON THE HEADLINE FOR MORE
Law firm Greenspoon Marder has leased four floors at the downtown office tower. CLICK ON THE HEADLINE FOR MORE
US Capital Holdings Group is receiving compliments and interest from commercial real estate brokers about 321 North, a live, work, shop, play, stay destination under development. When completed, the $400 million project will offer dining, shopping, entertainment, residences and offices in an environment unlike any other in South Florida.
More than 130 brokers gathered in the atrium of the former Fashion Mall to learn about the complete transformation of the property over the next several years. David Emihovich of Katz Associates and Larry Klein of Forest City Enterprise, which US Capital Holdings Group have retained for retail leasing, described the project’s vision and showed renderings of 321 North.
“This is an iconic project,” Emihovich told a packed room. “321 North is the most exciting property in Broward County.”
US Capital Holdings Group hosted the brokers at the launch of Retail Bus Tour Broward, a day-long visit to top retail locations in the county. The tour concluded at 321 North, where US Capital held a reception.
“321 North is a dynamic nexus of hospitality and business, living and leisure,” said Klein. “It is highly accessible, located in the heart of Broward County’s vibrant and affluent demographic.”
321 North will be completed in five phases. The first is expected to begin this month when renovation permits for the 160,000-square-foot office building are received from the City of Plantation. The office building should be ready for occupancy in late 2014. The second phase is scheduled to start a year from now.
The company showed a fresh conceptual site plan for 321 North to city officials in August. US Capital is revising that based on their feedback.
“321 North is an exceptional expression of the ‘modern lifestyle brand,’ combining the health and wellness focus of today’s smart consumer with the highest quality in dining and entertainment — an intimate and interwoven live, work, play, stay environment,” said Mr. Wei Chen, CEO, US Capital Holdings LLC.
Greenspoon Marder has leased four floors at 200 East Broward Blvd., one of downtown Fort Lauderdale’s tallest office buildings. The firm will move all attorneys downtown, keeping portions of its Cypress Creek area office for support staff.
The new 64,964-square-foot lease expands what was formerly Ruden McClosky’s space in the tower. Greenspoon acquired Ruden’s book of business and many attorneys out of bankruptcy in November 2011.
Greenspoon has more than 160 attorneys in 10 Florida offices.
“We wanted to align our space needs with our business goals by bringing our lawyers closer to many of our corporate and banking business clients in downtown Fort Lauderdale,” co-founding partner Gerry Greenspoon said in a news release.
Sandra Andersen, senior VP for Jones Lang LaSalle, completed the lease on behalf of the building’s ownership, VV USA City, LP., an entity represented by Invesco Real Estate.
Greenspoon Marder was represented by Studley corporate managing director Thomas Capocefalo and executive VP Gregory Katz.
According to Jones Lang LaSalle, the occupancy rate at the 21-story class A office building rises to 87 percent, with other tenants including PNC Bank and law firms Shutts & Bowen and Weiss Serota Helfman Pastoriza Cole & Boniske.
“This transaction is a testament to the strengthening of the office market in the CBD, particularly along Broward Boulevard, as law firms like Greenspoon Marder look to solidify their presence in the Central Business District,” Andersen said in the news release.
Financial terms were not disclosed.
Source: SFBJ
Will $400M Former Plantation Fashion Mall Project Materialize?
/in News/by SFOBA STAFFUS Capital Holdings Group recently unveiled the master plan. CLICK ON THE HEADLINE FOR MORE
Sandra Andersen Inks 65,000 SF Deal At 200 East Broward
/in Done Deals, News/by SFOBA STAFFLaw firm Greenspoon Marder has leased four floors at the downtown office tower. CLICK ON THE HEADLINE FOR MORE