SOLD
Alta Developers Acquires Development Site In Downtown Fort Lauderdale For $20.75M
100 Southwest 6th Street
Development Site
42,749 SF
42,749 SF
Sold 1 year ago
Summary
Sale
FLORIDA
Development Site
42,749 sqft
Alta Developers has acquired a development site located at 100 SW 6th Street in Downtown Fort Lauderdale. The property, known as New River Central, was sold by Bizzi & Partners for a total price of $20,750,000. The site is designated for a fully entitled multifamily project with 400 units. The purchase price equates to approximately $51,875 per unit.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $20,750,000
- Units: 400
- Price Per Unit: $51,875
- Square Footage: 42,749
- Price Per Square Foot: $485
- Address: 100 SW 6th Street
- Market: Downtown Fort Lauderdale
The deal was facilitated by Gerard Yetming and Julian Zuniga of Colliers. Colliers International is actively working on multiple similar sites in the area, and interested parties can contact Julian Zuniga for more information. He can be reached at +1(786) 547 0153 or [email protected].
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Julian Zuniga & Gerard Yetming
DATE: 09/30/2022
ADDRESS: 100 SW 6th Street
MARKET: Downtown Fort Lauderdale
ASSET TYPE: Development Site
BUYER: Alta Developers
SELLER: Bizzi & Partners
BROKERS: Gerard Yetming (@G.tt.mia) & Julian Zuniga (@Zuniga346) - Colliers (@CollierssFL)
SALE PRICE: $20,750,000
UNITS: 400 - PPU: $51,875
SF: 42,749 ~ PPSF: $485
NOTE FROM BROKERS: Colliers International is pleased to announce the sale of the New River Central development site, a fully entitled 400-unit multifamily project. Our team is currently working on multiple similar sites in the area, please contact us for more information - Julian Zuniga | +1(786) 547 0153 | [email protected]"View on map
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Address100 Southwest 6th Street
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