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Alta Developers Acquires Development Site In Downtown Fort Lauderdale For $20.75M

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This Development Site property located in FL was sold for $20,750,000 over 1 year ago. The brokers of the deal were Gerard Yetming and Julian Zuniga

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].

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Deals
  • Location
    100 Southwest 6th Street100 Southwest 6th Street
  • Sale Price
    $20,750,000$20,750,000
    $485 PPSF$485 PPSF
  • Area
    42,749 SF42,749 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Julian Zuniga

Julian Zuniga

Deals7
Sold$49.4M

Agency

Colliers International

Colliers International

Agency
Deals1643
Volume$35.7B

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Deal Summary

SALE 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]"

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