A developer wants to build a 978-device apartment complicated at the Pan American Estates Cellular Property Park in Fort Lauderdale.
Saulo Perez, a South Florida-based actual estate developer, proposes the challenge on the 22.8-acre cell household park at 150 Northwest 68th Street in the Cypress Creek neighborhood, in accordance to city records.
The Fort Lauderdale Development Assessment Committee is envisioned to vote on the task at its assembly on Tuesday.
Made by MSA Architects, the venture would be made in a few phases. Period I would have 329 apartments in five 5-tale properties and a lake. Period II would have 290 units in 4 five-tale buildings and four townhouses in a row of two-story properties, in accordance to the software submitted past thirty day period. The 3rd period would consist of an 8-story, 355-device setting up. In full, the venture would have 1,544 parking spaces.
The project’s structure is reminiscent of Rosemary Beach, an place on Florida’s Gulf Coast recognized for its architectural design and style that is identical to the French Quarter in New Orleans.
Perez, through his Cypress Improvement LLC, purchased the mobile household park internet site in Oct, data present. A deed lists the cost as a nominal volume of $10.
Pan American Estates, the moment dwelling to a lot more than 200 households, has been mainly vacated soon after households have been available a money incentive to shift out, the South Florida Sunlight-Sentinel noted.
Perez, a Miami-based mostly real estate developer, has been affiliated with Dallas-based mostly Trammell Crow Residential. His LinkedIn lists his get the job done on a selection of Trammell’s Alexan-branded multifamily developments. In 2020, when at Trammell, he represented the agency in its $19.2 million acquire of an 11.3-acre advancement site at 8300 Park Boulevard in Doral. Private equity huge Carlyle was a co-buyer.
Perez, who also is an lawyer, represented Metro Apartments LLC in the $6.3 million sale of a advancement internet site at 239 and 243 Southwest Ninth Road in Miami’s Brickell in 2020.
Perez’s true estate agency is now REZFlorida, in accordance to Stephanie Toothaker, the attorney who filed the Pan American Estates redevelopment application on behalf of Perez.
Redevelopment of South Florida mobile household parks is on the rise. Near North Miami, Ram Realty Advisors proposed past summer months a 400-device blended-use multifamily task with 50,000 sq. ft of retail at the Biscayne Breeze Cell House Park internet site at 11380 Biscayne Boulevard in an unincorporated space of Miami-Dade County. The growth web page consists of the adjacent qualities at 11320 and 11340 Biscayne Boulevard.
Also previous summer, entities managed by David Mordekhay in Hollywood and Tom Grinberg and Gary Otto in Miami sought Miami-Dade’s authorization to tear down the Soar Mobile House Park at 8050 Northwest Miami Courtroom and build almost 4,000 flats. Soar is in unincorporated Miami-Dade, concerning El Portal and Miami.
