Keyes’ Realtor Group brokers two large parcels in Fort Lauderdale prime for development

 

Lauren Coloney

 FORT LAUDERDALE, FL– Oct. 11, 2023 – The Keyes Company has brokered sales of two city blocks north of downtown Fort Lauderdale that are undergoing residential improvements. The Coloney Group at The Keyes Company negotiated both deals for a total of $12.6 million.

George Coloney

George Coloney, Lauren Coloney and Niki Falck, top producers at The Coloney Group of The Keyes Company, represented the buyer in a $7.5 million transaction in September.

 

 Falck represented the buyer, while George and Lauren Coloney represented the seller in a $5.1 million deal the same month. George Coloney sold this property in 2004 and says been working to put this together since 2008.

Niki Falck

“The South Florida market is extremely unique, and we recognize the issues that surround insurance and taxes on multifamily properties,” said George Coloney of the Coloney Group at Keyes. “It is because of our understanding and commitment to serving our clients that we get the opportunity to work with these large-scale deals and hope to continue to bring solutions to clients who call us.”

 

In the larger-dollar transaction, Mazal Investments 16 LLC sold vacant land to Regency Development Group LLC. It plans to construct 25 townhomes on the west side of 16^th Avenue between 8^th and 9th streets.

 

The 67,200 square feet represent one of the few open spaces for housing in Fort Lauderdale. This is the second largest multi-family zoned property in Victoria Park, the most sought-after neighborhood in Broward County.

 

Victoria Park Road Investments LLC sold five contiguous parcels at 1108-1132 N. Victoria Park Road to Progresso Victoria LLC and Progresso LLC for $5.1 million. The 27-unit apartment complex, which sits on 47,000 square feet, is being renovated for Airbnb use. This sale was unique in the way it was structured.

 

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dbenjamin@boardroompr.com

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Bank of America Plaza | 1776 N Pine Island Road

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