Aztec Group Secures Sale of 27 KSF Fort Lauderdale Site
- Mar 01, 2018
Aztec Group Inc. has arranged a $2.75 million sale of 27,000 square feet of land in Flagler Village, Fla. The site was sold with entitlements for 97 residential units in a 12-story, high-rise located at 626 North East 1st Ave.
Broman and Uri Redler of Moderno Development exclusively engaged the company to sell the site. This is the first project in Broward County for the buyer, a private Miami-based developer.
“Selling land in the current market environment requires a real attention to detail in addition to market and product knowledge, as developers don’t just buy land based on a price per foot or price per unit,” said Peter Mekras, managing director of Aztec Group, in a prepared statement. “Focused discussions with developers were required to overcome any hesitancy for a small site accommodating less than an institutional scale project, a higher intensity development plan and a market with several other rental communities under construction.”
Sistrunk Boulevard, Andrews Avenue and Federal Highway are all easily accessible.
Image courtesy of Aztec Group Inc.