The Real Deal Miami

Integra taps Blanca CRE for Dania Pointe offices

Integra is under contract to buy land approved for up to 500,000 sf of office space
By Amanda Rabines | October 24, 2018 10:30AM

Rendering of Dania Point Integra’s Victor Ballestas and Tere Blanca

Integra Investments and Blanca Commercial Real Estate are signing on to Kimco Realty Corp.’s $800 million, 102-acre mixed-use Dania Pointe project.

Integra is reportedly under contract to buy about 5 acres of land within the shopping and entertainment center, underway on the northeast corner of I-95 and Stirling Road. The land is approved for up to 500,000 square feet of office space.

Integra principal Victor Ballestas said the firm is expecting to close on the land sometime next year, but declined to provide a price. Plans are still in the works, but Ballestas said the office component will likely consist of two buildings spanning up to 250,000 square feet, each, and will feature a large amenity package.

According to a press release, Integra tapped Tere Blanca’s Blanca Commercial Real Estate as its exclusive listing broker. The leasing team includes John Guitar and Phil Marchese, who previously worked as a director of leasing for Brightline.

In addition to the office component, Dania Pointe will also consist of nearly 800,000 square feet of open-air retail space, 600 apartments, two Marriott hotels and 400 condominiums.

Nearby, Integra recently completed its $300 million mixed-use project Aventura ParkSquare, which features 131 condo units and 100,000 square feet of offices. It also has retail space, a luxury senior living facility and an Aloft-branded hotel.

Retailers opening within the Dania Pointe shopping and entertainment center will include Brandsmart USA, Lucky’s Market and Ulta Beauty. Other tenants will include Starbucks, Outback Steakhouse and Burger King.

The Southeast Broward submarket has seen an influx of technology, manufacturing and creative tenants in recent years, like aerospace manufacturer Heico Corp. Last year, the online pet retailer Chewy.com moved into the Design Center of the Americas (DCOTA), just north of Dania Pointe.

The Dania Pointe property was previously home to an industrial sand plant that included a decommissioned 3,200-foot wooden roller coaster.