Saturday, July 9, 2016

HFF closes $10.3 million sale of development site across from Dadeland Mall in Miami, FL

Jaret Turkell
MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $10.3 million sale of a 0.9-acre development site situated directly across from Dadeland Mall in Miami’s Kendall neighborhood.

HFF marketed the site on behalf of the seller, Dadeland Building LLC, and procured the buyer, Greystar.

The site is strategically located at the heart of the Dadeland Golden Triangle near the nexus of U.S. 1, Kendall Drive, the Palmetto Expressway and Metrorail providing access to all of Miami-Dade County. 

The development potential for the site is driven by the close proximity of Dadeland Mall and major employment generators, including Baptist Hospital System and the University of Miami.

The site will be home to a newly-built, high-rise seniors housing property, which will be known as Overture Dadeland.  The 216-unit, active adult (55+) community will be part of Greystar’s growing national Overture™ platform ( 

The HFF investment sales team representing the seller was led by executive managing director Manny de Zárraga, managing director Jaret Turkell and associate director Maurice Habif.

Maurice Habif
HFF’s multi-housing team continues to be active throughout the State of Florida.  During the past 24 months, the team has closed 25 multi-housing and land transactions in the greater Miami area and more than 120 transactions throughout the state, including sales, joint ventures and financings.

”With its central location within the Dadeland Golden Triangle, one of Miami’s most active and thriving urban neighborhoods, we feel that the Overture Dadeland is poised to perform exceptionally well for years to come,” said Habif.  “It will serve a true need in this very desirable submarket.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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