FT. LAUDERDALE, FL-The 110 Tower in downtown Fort Lauderdale, formerly the AutoNation building, will be undergoing a $30-million renovation over the next 24 months after losing its lead tenant, AutoNation, last fall. It is currently 70% occupied. Downtown Fort Lauderdale’s office market had a 20.3% vacancy rate as of first quarter 2010, according to Marcus & Millichap research.

The first stage of the renovation of the 391,473-square-foot 110 Tower, built in 1988, involves the upgrade of the building’s mechanical systems, which is almost finished. The next step is the  largely  cosmetic renovation, which began a few weeks ago.

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