New buyer aboard: Brightline parent sells sites near Fort Lauderdale station

Brightline stopped operating early in the pandemic

Miami /
Jul.July 26, 2021 04:30 PM
Brightline CEO Patrick Goddard with the Northwest Second Street development site (Goddard via LinkedIn, Google Maps)

Brightline CEO Patrick Goddard with the Northwest Second Street development site (Goddard via LinkedIn, Google Maps)

Florida East Coast Industries sold two development sites near its Fort Lauderdale Brightline station for $37.2 million.

FLL Andrews Development and FLL Flagler Development sold the assemblages at 130 Northwest First Avenue and 117 Northwest Second Street for $17.6 million and $19.6 million, respectively. The buyers’ entities, N Andrews Ave Development LLC and NW Flagler Ave Development LLC, are managed by Berger Commercial.

Robert Given of Cushman & Wakefield, who was reportedly marketing the Flagler Village sites, declined to comment. The buyer’s identity is unclear.

The Northwest First Avenue assemblage totals nearly 75,000 square feet, or 1.7 acres; and the second assemblage totals 81,800 square feet, or nearly 1.9 acres. They are catty-corner to each other, and less than half a mile from the Brightline station.

Brightline suspended operations at the beginning of the pandemic. The passenger rail service, which operated from downtown Miami to West Palm Beach, with an expansion to Orlando in the works, also nixed its partnership with Virgin Trains nearly a year ago, reverting back to its former name.

Fortress Investment Group owns Florida East Coast Industries, Brightline’s parent company.

Development has sprouted near Brightline’s stations in South Florida, and the train service is expected to open more stations throughout the tri-county region. North of one of the sites that Brightline sold is a new dual-branded Home 2/Tru by Hilton at 315-333 Northwest First Avenue developed by Dev Motwani’s Merrimac Ventures and Driftwood Hospitality.

Also nearby in Fort Lauderdale, Kushner Companies is planning a four-tower, mixed-use development with 1,300 apartments, office and retail, and possibly a hotel, for the more than 4-acre site at 200, 300 and 520 Broward Boulevard.





    Related Articles

    arrow_forward_ios
    First Quality Enterprises' Kambiz Damaghi along with a rendering of the two proposed residential towers next to MiamiCentral (Getty, First Quality Enterprises, Facebook/Clinton County Economic Partnership, Zyscovich)
    Damaghi family buys resi tower dev sites next to MiamiCentral
    Damaghi family buys resi tower dev sites next to MiamiCentral
    2855 West Commercial Boulevard
    Cedar Health scoops up Fort Lauderdale assisted living facility for $39M
    Cedar Health scoops up Fort Lauderdale assisted living facility for $39M
    1 East Broward Boulevard in Fort Lauderdale and Pacific Coast Capital Partners’ co-founders William Lindsay, Aaron Giovara and Donald Kuemmeler (PCCP, Google Maps)
    Lease roundup: West Marine moves HQ to Fort Lauderdale
    Lease roundup: West Marine moves HQ to Fort Lauderdale
    Prime Group Holdings’ Robert Moser and the self-storage site at 2401 West Broward Boulevard in Fort Lauderdale
    Prime buys Fort Lauderdale self-storage facility for $35M
    Prime buys Fort Lauderdale self-storage facility for $35M
    Adriana Lilly , Sarah Desamours and Silvia Lopez de Mesa (Native Realty, Douglas Elliman, Getty)
    Movers & Shakers: Native Realty brings in Adriana Lilly
    Movers & Shakers: Native Realty brings in Adriana Lilly
    Rishi Kapoor and Alex Witkoff
    “We’re at the teenage years of Miami”: Next gen developers see opportunity
    “We’re at the teenage years of Miami”: Next gen developers see opportunity
    Air Communities’ Terry Considine with Southgate Towers at 900 West Avenue and The District at Flagler Village at 555 Northeast Eighth Street (Air Communities, Google Maps)
    Air paying $471M for South Florida apartments
    Air paying $471M for South Florida apartments
    Buyers and developers Tal Levinson and Eric Malinasky and the First Eben Ezer Missionary Christian Church at 312 Northwest Seventh Street in Fort Lauderdale (Google Maps, Tal Levinson and Eric Malinasky)
    Developers plan 300-plus rentals on Fort Lauderdale church site
    Developers plan 300-plus rentals on Fort Lauderdale church site
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...