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.