FORT LAUDERDALE, FL-Three retail leases totaling about 10,000 sf have been signed at the Waverly at Las Olas, a new ZOM mixed-use development in Downtown. The leases are estimated to be valued at approximately $3.5 million.The leases account for about 40% of the available retail space at the project, says Orin Rosenfeld, a senior associate with CB Richard Ellis who handled the deals. The Waverly at Las Olas is located on the northeast corner of Broward Boulevard and US Federal Highway 1.The three leases are each for 10 years or more, he says. The project’s rental rates are $38 to $32 per sf NNN. The three companies that signed new leases are RBC Centura Bank, a full-service banking center; Posh, Downtown’s first wine bar; and Colee Hammock Trading Co., a high-end furniture store.Construction began on the 399,000-sf Waverly at Las Olas in September 2002. The project consists of 304 luxury residential units over a multi-level parking structure, a fitness area, clubroom with entertainment facilities, a pool and 24,000 sf of ground-level retail space. Residents began moving into the building in early July. The first retail tenants are expected to begin operating in the middle of the fourth quarter.

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