Fabio Faerman, CCIM of FA Commercial Advisors – a commercial division of Fortune International Realty – represented the seller of an exclusive and unique waterfront parcel of land in Hollywood, Florida, which has recently traded for an undisclosed amount.
“It was an excellent deal for a developer seeking land readied and designed for a residential project,” Faerman says, “…skipping the design stage avoids uncertainty and saves a considerable amount of time.”
The buyer plans to develop the land into a community of 34 townhouses, named Taft Townhouses. The complex will be developed on the 3.44-acre canal-front lot and will distribute the townhouses across 5 buildings. Each unit is planned to be 1,900 SF, equaling a total unit area of 65,000 SF for the entire project. Some of the amenities of this exclusive gated community will include a 14-slip marina, canal access and a clubhouse for its residents.
The new owners of these townhouses will not only enjoy the exclusive amenities inside Taft Townhouses, but additionally may benefit from the current revamp that the city of Hollywood and its neighboring areas are experiencing. The strategic location of this project is ideal for development, having a variety of major entertainment spots in its surroundings such as:
- The Hard Rock Stadium, home of the Miami Dolphins and University of Miami Hurricanes
- The Seminole Hard Rock Hotel and Casino
- Hillcrest Golf & Country Club
- Orangebrook Golf & Country Club
- Gulfstream Park Racing and Casino
The iconic Hollywood Beach Boardwalk backs the vibrant, palm-lined city of Hollywood Beach. Some of the city’s landmark attractions include ArtsPark at Young Circle, an outdoor amphitheater with a striking fountain, and the Arts and Culture Center of Hollywood, which offers contemporary exhibitions and performances. Also nearby, The Anne Kolb Nature Center is a reserve with mangrove trails and an aquarium that portrays the diverse marine life of Ft. Lauderdale and Florida.
About FA Commercial Advisors
FA Commercial is a specialized team led by Fabio Faerman focusing on Investment sales, landlord & tenant representation, market analysis, site selection, strategy selection, and portfolio overview. Our approach is distinctive, comprehensive, and thorough. We capitalize on opportunities and provide clients with strategies for their real estate properties. Fabio Faerman is the director of the commercial division at Fortune International Realty where he has been the top producer 5 years in a row. Since 2002, Fabio and his team have sold over $1Billion in assets across South Florida.