TGM Acquires Fort Lauderdale Community
- Mar 22, 2019
After recently acquiring Rosemary Ridge, its second community in Manassas, Va., TGM has acquired Broadstone Harbor Beach, a waterfront multifamily community in Fort Lauderdale, Fla. Completed in 2017, the property was previously owned by Alliance Residential Co. Following the acquisition, TGM rebranded the community into TGM Harbor Beach. This purchase is the firm’s eighth investment in Florida and first in Fort Lauderdale.
Located at 1721 S.E. 17th St., the eight-story community offers 394 studio, one- and two-bedroom floorplans ranging from 593 to 1,285 square feet. According to Yardi Matrix, the property was 78.7 percent occupied as of October. Interior features include granite countertops, tumbled marble backsplashes, washer/dryers and ceiling fans. Residents have access to amenities including:
- gourmet demonstration kitchen
- media center
- game room
- bark park
- pool with cabanas
“TGM Harbor Beach represents a unique opportunity to expand TGM’s footprint on the east coast of Florida with the addition of our second waterfront community. Situated in the heart of the world’s largest yacht mecca, every detail was carefully selected at TGM Harbor Beach resulting in the merger of inspirational waterfront living and architecture,” said Zach Goldman, managing principal & director of operations for TGM, in a prepared statement.
The property is situated alongside 400 linear feet of water at Seminole Canal. TGM Harbor Beach is within close proximity to Fort Lauderdale International Airport, Port Everglades, nearby beaches and major employment centers in downtown Fort Lauderdale and throughout Broward County.
Cushman & Wakefield’s Florida Multifamily Institutional Properties Group, led by Robert Given, marketed the property on behalf of the seller. TGM Harbor Beach is managed by TGM’s property management company, TGM Communities.
Image courtesy of TGM