Blog Elements

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

Bahia Mar Mixed-Use Project To Include 87,000 SF Of Waterfront Offices

January 22, 2023/in News/by SFOBA STAFF

Tate Capital, Rok Enterprises Inc. and Related Group (Related) have finalized a joint venture agreement to co-develop the new master site plan for the mixed-use complex .

Stiles Sells Building In Prime Location For Near Record

January 15, 2023/in Done Deals, News/by SFOBA STAFF

Stiles Senior Vice President Kimberly Barbar represented the seller in the transaction.

Bahia Mar Mixed-Use Project To Include 87,000 SF Of Waterfront Offices

January 22, 2023/in News/by SFOBA STAFF

Tate Capital, Rok Enterprises Inc. and Related Group (Related) have finalized a joint venture agreement to co-develop the new master site plan for the mixed-use complex .

Stiles Sells Building In Prime Location For Near Record

January 15, 2023/in Done Deals, News/by SFOBA STAFF

Stiles Senior Vice President Kimberly Barbar represented the seller in the transaction.

Full Sized Blog Element (Big Preview Pic)

Bahia Mar Mixed-Use Project To Include 87,000 SF Of Waterfront Offices

January 22, 2023/in News/by SFOBA STAFF

Tate Capital, Rok Enterprises Inc. and Related Group (Related) have finalized a joint venture agreement to co-develop the new master site plan for the much-awaited Bahia Mar mixed-use complex in Fort Lauderdale.

As part of the joint venture, the parties will work in lockstep with the internationally acclaimed architecture firm Arquitectonica to reimagine the project to directly address the needs and wants of the Fort Lauderdale community. This includes specific accommodations for the long-term hosting of the Fort Lauderdale International Boat Show (FLIBS).

“This is a legacy project, not only for us and our partners, but for all of South Florida. As such, we are incredibly proud to add a company as trusted and experienced as Related to our team,” said Jimmy Tate, President of Tate Capital. “We look forward to working with Jorge, Jon Paul and the rest of Related to make the new Bahia Mar a landmark the entire Fort Lauderdale community can be proud of.”

The project, which has continuously been championed by Jimmy and Kenny Tate and long-time partner Sergio Rok of Rok Enterprises, looks to transform an underutilized and often closed off portion of the Fort Lauderdale waterfront into a thriving, year-round destination. Related, known for creating economically diverse and culturally rich communities, is set to deploy its full suite of development capabilities to bring the goal to fruition.

“This partnership is the result of a shared vision,” said Jon Paul Perez, President of Related. “Bahia Mar will be transformative, not only bringing considerable revenue to the City of Fort Lauderdale, but also providing its residents with a much-needed live-work-play experience. We’ve been active in this particular submarket for many years and are excited to leverage that experience to help this property reach its full potential.”

The reimagined Bahia Mar will include a diverse range of uses and guest experiences, ranging from high-end branded residential and hospitality units to ample commercial and waterfront entertainment space. The project will be anchored by a luxurious 256-key, branded hotel and resort, which will also include 60 turnkey condos. The property will also feature an additional 350 residential units spread across four towers. To ensure a consistent five-star experience for guests and residents, the yet-to-be-selected luxury hotel brand will manage all on-site residences and hotel units.

As the long-time home of FLIBS, the world’s largest boat show, the project will feature a world-class mega yacht marina with 245 slips. The property will also boast roughly 87,000 square feet of Class A commercial space, including waterfront offices and restaurants, a Dockmaster building and offices, Captain’s Quarters, retail outlets and more.

To augment guest and exhibitor experience during the FLIBS, the reconceptualized site plan will include approximately 7.32 acres of contiguous waterfront boat show space. This area will house over 160,000 square feet of climate-controlled areas, 41,000 square feet of tent space, and several additional acres of open space to house the Boat Show’s food court and other food and beverage and retail kiosks.

Additional public amenities include:

A half-mile pedestrian boardwalk around the entire waterfront side of the property
Several acres of waterfront greenspace
Open access to the Marina Village, a 35,000-square-foot waterfront promenade with eight high-quality food beverage kiosks

Stiles Sells Building In Prime Location For Near Record

January 15, 2023/in Done Deals, News/by SFOBA STAFF

Stiles has closed the $3.3 million sale of a 10,052-square-foot building situated on a 33,723-square-foot lot at 325 SW 26th Street in Fort Lauderdale.

The $328 per square foot sale price was among the highest in the airport/port district in the past two years.

Stiles Senior Vice President Kimberly Barbar represented the seller in the transaction. Joe Mongillo of LoKation Real Estate represented the purchaser, 325 SW 26th Street LLC, which plans on relocating its business operation from California.

“It’s rare to find a site this large with a remodeled, move-in ready building already on the property,” said Barbar. “Couple that with a superb location within minutes of both a busy international airport and one of the largest ports in the U.S. and it made this a very attractive property.”

Set on 0.77 acres, the building features a wide open floor plate, a remodeled interior and exterior, two commercial kitchens, new impact windows and doors and a large parking lot on both sides of the building. Situated less than a mile from the Fort Lauderdale-Hollywood International Airport and Port Everglades and minutes from I-595 and downtown Fort Lauderdale, the building also has prominent signage potential and access.

Barbar is also representing the owner of a superbly-located building with unmatched visibility along Fort Lauderdale’s premier retail corridor. 2871 N Federal Highway is a flexible showroom and office space located near top-tier shopping destinations with excellent surrounding demographics. The building has more than 200 feet of frontage on N Federal Highway (U.S. 1).

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

Stiles Sells Building In Prime Location For Near Record

Stiles Sells Building In Prime Location For Near Record

Full Sized Blog Element (Big Preview Pic)

Stiles Sells Building In Prime Location For Near Record

Subscribe!

Contact Us

Contact Us

Subscribe!