The master plan calls for 18 buildings aggregating 523,000 sf of space. They provide four different product-types: pure office, combo showroom/warehouse, flex warehouse and dock-height warehouse. The buildings surround a six-acre lake and are designed in Mediterranean style by Miami-based Cabrera Ramos Architects. There will be three two-story office buildings with retail/showroom space on the ground floor and 15 single-story flex and warehouse structures. Each averages 30,000 sf, and all will be delivered as shell space.

REMS acquired the land in January from a private Broward County developer for $22 million, according to J. Brett Houston, a REMS principal. The cost translates to $523,810 an acre, or about $12 per sf. "It was site-approved, which saved us about two years," Houston tells GlobeSt.com. He declined to disclose estimated construction costs and says he anticipates a total sell-out of $150 million.

Phase I contains eight buildings that aggregate 220,000 sf and include representations of all four product-types. One two-story building will have about 17,000 sf of pure office on the top floor for professionals, such as lawyers and accountants, and "hybrid space on the ground floor," Houston says. "That is divided equally between pure retail at the front and warehouse at the back. It's suitable for high-end showroom-type companies," he suggests. Pricing for the office area is about $300 per sf, and space on the ground floor is about $280 per sf.

There will be five street-level flex buildings, each with for-sale units averaging about 2,000 sf. Pricing will range from $170 per sf to $200 per sf, depending on location in the buildings and within the park. The other two buildings will be dock-height warehouse buildings with for-sale units averaging 4,000 sf at pricing of about $190 per sf.

"We plan to deliver these eight by fall 2007," Houston says. The plan calls for three phases, "which may be rolling phases, depending on the pace of sales for Phase I." Among the other properties developed by Houston and partner, Robert Lechter, is Dolphin Park of Commerce in Miami, which Houston says is more than 90% sold.