Fort Lauderdale To Consider Three Major Developments

Written by on 10.11.16 in Industrial, Land, Office, Retail - No comments

Fort Lauderdale officials will review three major development proposals for the first time Tuesday.

The items will go before the Development Review Committee, although they will need city commission approval at a later date.

New Broward Blvd. Warehouse, Self Storage And Retail Building

A warehouse, self storage and retail are planned at 2401 W. Broward Blvd.

A warehouse, self storage and retail are planned at 2401 W. Broward Blvd.

Up first, Riverbend Broward L.P. wants to build a 221,130-square-foot warehouse and a 130,700-square-foot commercial building at 2401 W. Broward Blvd. The company bought the 17.7-acre site just west of Interstate 95 out of foreclosure for $5.9 million in 2014. Riverbend Broward is managed by Dev Motwani, the head of Merrimac Ventures. Motwani said the commercial space would have a self-storage facility and about 8,000 square feet of retail space fronting Broward Boulevard to compliment the Wal-Mart store across the street. The warehouse at the rear of the site would be a distribution center, he added.

New Office Building Could Get Parking Garage

550 building rendering

550 Building rendering

The new 550 Building office complex coming to downtown Fort Lauderdale could get a parking garage with retail to accompany it. Blackhawk Properties and Investment previously secured approval to tear down the 32,500-square-foot Justice Building at 550 S. Andrews Ave. and replace it with a 70,000-square-foot office building. In June, the developer acquired the 17,883-square-foot site at 500 S. Andrews Ave. for $4.8 million to give it land for a parking garage. The proposal calls for 663 spaces and 14,000 square feet of ground floor retail.

Berger Commercial Realty’s Joe Byrnes, the broker for the 550 Building, said the developer saw the opportunity to acquire the land for the parking garage to provide spaces for the office building, the nearby courthouse and the public in general. He expects the retail space to attract small food operators, office services firms and perhaps medical providers. Byrnes said the 550 Building is 25 percent pre-leased and should break ground before the end of 2016 at the same time as the parking garage. The project should be completed in the first quarter of 2018. Blackhawk Properties is managed by William M. Murphy, Thomas M. Donald, and Vickie L. Donald.

Aviation Operator Could Expand

Sheltair Aviation could expand its facility at Fort Lauderdale Executive Airport. The airport’s fixed-base operator wants to build a 204,807-square-foot complex with hangers, offices and light maintenance shops on land leased from the city at 1710 N.W. 62nd Ave. Officials with Sheltair couldn’t immediately be reached for comment. The project would be called Sheltair Northside. On its website, Sheltair currently advertises the Westside project at Fort Lauderdale Executive Airport with 48,500 square feet of hangars and 7,500 square feet of office space.

 

Source: SFBJ

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