Macken to build luxury townhomes in Fort Lauderdale

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

TRD MIAMI /
May.May 27, 2015 03:00 PM

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.


Related Articles

arrow_forward_ios
Atria Willow Wood

SoFla senior housing developers brace for coronavirus impact

Mayor Dean Trantalis (Credit: Larry Marano/Getty Images)

Restaurants, bars and gyms to shut down immediately in Fort Lauderdale

Gov’t Meetings Canceled or Moved Online Due To Coronavirus (Credit: iStock)

Miami, Miami Beach and Fort Lauderdale cancel city meetings

Coronavirus closures hit South Florida restaurants and stores

Coronavirus closures hit South Florida restaurants and stores

Howard Wurzak’s development firm is suing over delays and defects at the double branded Dalmar and Element hotel

Fort Lauderdale hotel developer sues Tutor Perini, seeking nearly $12M for alleged delays, defects

Joseph P. Thomas, Adam Duncan and Tyler Carbonelli with the Fort Lauderdale properties

California investors buy multifamily portfolio in Fort Lauderdale

Scott Antoniak, Chief Executive Officer of Slate Office REIT, 5900 North Andrews Avenue (Credit: Google Maps)

Toronto REIT to buy Cypress Creek office building for $46M

Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Dominic Montazemi and Miguel Alcivar, with 12 Southeast 7th Street (Credit: Google Maps)

Fort Lauderdale office tower sells for $18M

arrow_forward_ios
Loading...