777 South Flagler Drive and 201 Lakeview Avenue, West Palm Beach, FL
Starting 2021 with a Bang!!!
Two major sales have occurred in January, 2021 , giving this year one brisk jump start!!
First major office tower will be the purchase by The Related Company Phillips Point office towers in West Palm Beach for $282 million.
AEW Capital Management is selling the 448,914-square-foot office complex. The deal, is the largest office sale in South Florida in more than a year .
Related will pay about $630 per square foot for the buildings at 777 South Flagler Drive and 201 Lakeview Avenue.
Records show AEW paid $246 million for the two towers in 2015. They sit on more than 4 acres overlooking Palm Beach island.
Morgan Stanley, Gunster, and Akerman are among the tenants. Phillips Point is about 90 percent occupied.
111 N.E. 32nd St , Midtown Miami, FL
Midtown Miami sells for $154,350,000!!
Miami Midtown Owner LLC, an affiliate of Chicago-based Magellan Development Group, sold the 400 apartments at 111 N.E. 32nd St. to SE Midtown 5 LLC, an affiliate of Great Neck, New York-based Sterling American Property.
The price equated to $385,875 per unit.
Magellan developed Midtown Five on the 1.6-acre site in 2016. It rises 24 stories in 701,056 square feet. Amenities include a pool, wellness center, dog run, spa, game room, business center, yoga lawn, and meditation garden.
This is only January in South Florida , ladies and gentlemen!!:)
The Gateway is designed by International Design Engineering Architecture (IDEA) and would be built in two phases. The current proposal calls for 100,800 square feet of office space, 7,200 square feet of retail, 21,760 square feet of convention space, 167 hotel rooms and 492 parking spaces.Read more
Situated on more than 120 feet of prime oceanfront, our 10 residences and 4 penthouses are each as classic as the 14 rock musicians they’re named after. Artistry, inspiration, style, and elegance exude from each residence which were designed by famed South Florida architect Randall Stofft.Read more