The owner/developer of the project is Fort Lauderdale-basedFront Street Development Group. The mixed-use project includes twothree-story Mediterranean style condominium office buildings thatwill contain 30,000 sf each. There will be a total of 35 units withfloor plans starting from 1,500 sf. Completion of the project isexpected in the first quarter of 2007. The project is beingconstructed by Fort Lauderdale-based Miller Construction Co.

Front Street Development Group principal Nick Banks tellsGlobeSt.com that the retail space is being marketed and developershave three letters of intent executed with two national tenants anda local tenant. Leases for all three spaces are beingnegotiated.

Developers are looking to capitalize on the popularity of officecondominiums in Miramar's fast-growing residential area. Eightypercent of the units have already been sold to a range of medicaland professional firms. "Small business owners want to build equityin a tangible asset like real estate and help control theiroccupancy costs by owning instead of renting," Banks says. "Alsobusiness owners want their office located near their residenceswhenever possible and our location is in proximity to severalupscale residential areas.