The Real Deal Miami

Macken to build luxury townhomes in Fort Lauderdale

Macken Companies paid $785K for the 12,500 sf site in March

May 27, 2015 03:00PM
By Katherine Kallergis

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Site of the planned townhomes and Alan Macken

Site of the planned townhomes and Alan Macken

After picking up two properties near downtown Fort Lauderdale in March, Macken Companies announced it will build a luxury townhome community.

The parcels, at 12 Southeast 13th Avenue and 1305 Southeast First Street, sold for $785,000 in March, according to Broward County property records.

G&A Strategic 1305, a company affiliated with Macken Principal Alan Macken, was the buyer. Colee Landing, an Aventura-based LLC, was the seller. Colee paid just more than $1 million for the site in September 2004.

The site currently houses a two-story four-unit apartment building. Macken Realty will manage the property until plans are approved.

In February, Macken announced it would develop four homes on a barrier island in Fort Lauderdale. The project, dubbed “Beach House,” will be situated in the Dolphin Isles neighborhood. The Florida-based real estate firm owns related affiliates VCM Builders, Bid That Project, MTV Investments, Palmetto Park, Sefran, and G&A Strategic.