Northmarq’s South Florida Investment Sales Team completes $18 million sale of the 5 Park multifamily development site in North Miami Beach, Florida
FORT LAUDERDALE, FLORIDA (March 28, 2022) – Chris Conklin of Northmarq’s Fort Lauderdale-based investment sales team, arranged the $18,000,000 sale of the 2.9-acre, 5 Park multifamily development site in North Miami Beach, Florida. The land assemblage—located on a triangular plot of land at 16955 – 17071 West Dixie Highway, bounded by NE 170th St. to the south and Brightline train tracks to the east—has approvals in place for a 9-story, mixed-use project consisting of 375 apartment units, 17,000 sq. ft. of ground-floor retail space, and 567 parking spaces.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
