Blackhawk Properties and Investments, LLC, will start construction of a seven-story office building on South Andrews Avenue in Fort Lauderdale after demolishing an existing building on the site.
Built in 1982, the existing 30,734-square-foot building at 550 South Andrews Avenue, known as the Justice Building, housed some of the leading law firms in Broward County.
Blackhawk Properties and Investments, which bought the property for $3.6 million in 2013, will build an 86,257-square-foot office building on the site. The new office building, called the 550 Building, will have 14,000 square feet of retail and restaurant space on the ground floor, plus an attached 663-space parking garage.
Berger Commercial Realty/CORFAC International will be the exclusive leasing agency and property manager for the new office building, expected to open in spring of 2018.
The 550 Building will be the first new office building in Fort Lauderdale’s South of Las Olas (SOLO) District since 1989, Joseph Byrnes, a senior vice president of Berger Commercial Realty/CORFAC International, said in a prepared statement.
Berger Commercial Realty is now negotiating lease terms with two local restaurant operators for ground-floor space.