Northmarq’s South Florida Investment Sales Team completes $18 million sale of the 5 Park multifamily development site in North Miami Beach, Florida
Multifamily Development Site
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.
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
