The Quay shopping center in the Harbordale neighborhood of Fort Lauderdale is set to undergo a redevelopment under its new owners.
The Quay, which consists of three buildings totaling 72,904 square feet and six yacht slips along the Intracoastal Waterway, recently traded to a joint venture between BH Group, PEBB Enterprises and Related Group for $48.5 million, according to Shopping Center Business. Plans to redevelop the seven-acre site include adding up to 361 residential units and 12,000 square feet of retail and restaurant space.
The property is immediately adjacent to approximately $2.3 billion of significant redevelopment projects including the Broward Convention Center Expansion and the Pier Sixty-Six mixed-use development.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
