The 15.5-acre Ashworth Park development site, located at 700 and 1000 NE 1st Ave, 106, 200, and 2002 Pembroke Rd, and NE 7th St in Hallandale Beach, FL, has been sold for $18.5 million. The site, one of the last large-scale urban development opportunities in South Florida, offers versatile zoning for residential, office, retail, and seniors housing. Positioned near key amenities and with excellent regional accessibility, it presents a prime location for a variety of potential uses.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,500,000.00
• Seller's Representative: Manny de Zarraga(JLL), Simon Banke(JLL)
• Buyer: 13th Floor Investments
• Market: Hallandale Beach

The sale of the Ashworth Park development site was facilitated by JLL Capital Markets and 13th Floor Investments. Leading the transaction were Executive Managing Director Manny de Zarraga, Director Simon Banke, Managing Director Maurice Habif, and Associate Jo Rousseau. The buyer, 13th Floor Investments, praised the property's potential for developing a Class A multifamily project at a strategic location between Miami-Dade and Broward counties. With a keen focus on growth-oriented markets, 13th Floor Investments continues to demonstrate a successful track record in real estate transactions across Florida and the Southeast U.S.