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MIRAMAR, FL-Jim Bowie handled the sale of a 198,400-sf building; the leasing of two buildings totaling 126,266 sf; and the purchase of two tracts totaling 14.77 acres at the two-year-old, 34-acre park, 20 miles northwest of Downtown Miami.
SUNRISE, FL-Touted as the largest owner of American-flagged, American-crewed passenger vessels, the Illinois cruise line is getting a $4.2 million-economic incentive package from city, county and state agencies to relocate.
MIAMI-American Express Travel Related Services Co. is leasing 17,657 sf for five years at the Promenade building, 15100 NW 67th Ave., near Miami International and Opa-Locka Airports. The estimated value of the lease is $2.4 million.
MIAMI-The exclusive retail center in Bal Harbour, FL, an affluent oceanfront community 10 miles north of Downtown Miami, is monitoring the construction and leasing progress of Rouse Co.'s $200 million, 850,000-sf Village of Merrick Park in Coral Gables, 16 miles southwest of Bal Harbour. The Rouse project is scheduled to open in September 2002.
MIAMI BEACH-The eight-story, 140,000-sf Lincoln Place, under construction at Washington Avenue and 16th Street in this eight-mile long, trendy tourist destination, expects to be open for business by early 2002. Comras Co. and financier LNR Property Corp. are doing the project.
DELRAY BEACH, FL-The developer bought the 4.6-acre site from the city's Community Redevelopment Agency for $1.3 million or $282,605 per acre ($6.49 per sf). The residential side's 59 units are priced from $130,000.
HIGHLAND BEACH, FL-Bay Communities Inc. of Palm Coast, FL plans to gets its investment back by selling the 34 homes from $500,000 to $1.9 million per unit. Highland Beach, purportedly the home of more millionaires per sf than any other location in the country, faces the Atlantic 45 miles north of Downtown Miami.
SUNNY ISLES BEACH, FL-The 51-story, 283-unit Acqualina will go up on a 4.5-acre oceanfront pad that developers Jules Trump and Alan Matus bought from Pan American Hotel for $31 million or $6.89 million per acre.
MIAMI-Industrial Developments International plans to break ground in January on Miramar Business Center, a $60 million, three-building industrial venture fronting the Miramar Parkway and the Florida Turnpike, 20 miles north of Downtown Miami.
