The start of 2019 has been a great time for Fabio Faerman, CCIM of FA Commercial Advisors – the commercial division of Fortune International Realty – as he has completed three major sales of development lands properties across South Florida
1. 20 Units @ 901/925 SW 9th St. Hallandale, FL 3309
The first transaction was closed a few weeks ago were Faerman represented the seller on this deal. The property, located on the beautiful city of Hallandale Beach, is a 61,419 square feet development land for a townhouse project of 20 units. The townhouses will be divided into three buildings with 3 bedroom units across the entire project. The property was closed at $1,000,000 and the project is set to begin in the upcoming months.
2. 28 Units @ 2219 Lincoln St. Hollywood, FL 33020
The second transaction closed in this short amount of time was also for a development land where a new exclusive project called “Lincoln Townhouses” is set to be developed. The land of 61,700 square feet is set to be the new home of 28 multifamily units. The townhouses will range from 2 to 3 bedroom units
3. 34 Units @ 1840 N 27th Ct. Hollywood, FL 33020
The last deal was closed a few months were Fabio represented the seller of an exclusive and unique waterfront parcel of land in Hollywood, Florida. The new project called “Taft Townhouses” will break ground soon and it will have a total of 34 units. The complex will have 2 and 3 bedroom units and premium amenities such as a private marina and a clubhouse
“I’ve always liked to do deals of development lands in these areas because there are a variety of investors looking to either take over projects that are ready to build or to plan entire new projects based on their vision, you can always find great opportunities if you work hard enough”
Overall, the three deals total to 82 units sold across the projects coming to the area of Hollywood and Hallandale Beach. Both of these cities are premium locations filled with great entertainment spots, like the iconic Hollywood Beach Boardwalk, the Ft. Lauderdale Riverwalk at Las Olas Blvd., the ArtsPark at Young Circle, the beautiful beaches of Hallandale and Sunny Isles and premium shopping destinations like Bal Harbour shops and Aventura mall.
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. Furthermore, 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. Finally, Since 2002 Fabio and his team have sold over $1Billion in assets across South Florida.