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The three deals total to 82 units sold across the three developments project
Top Image: Taft Townhouses
Left Corner: Hallandale Townhouses
Right Corner: Lincoln Townhouses

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”

Fabio Faerman

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.

Aerial Picture of the retail property sold by Fabio Faerman in Miracle Mile, Miami
$16.4 million for the entire space. Faerman represented the undisclosed buyer in the transaction.

For Immediate Release (01/14/2019)   

Fabio Faerman CCIM, of FA Commercial Advisors – a commercial division of Fortune International Realty – just closed the deal for the 12,400 Sq. Ft. retail center on the northwest entrance of Miracle Mile for $1,280 per Sq. Ft. adding up to $16.4 million for the entire space. Faerman represented the undisclosed buyer in the transaction.

“The mix between credit tenants, excellent cash flow, central location, and a future redevelopment play pushed us forward to seal the deal on this retail property”

Fabio Faerman – CEO of FA Commercial Advisors

The property was built in 1970 and redeveloped in 2015. The 1.15-acre site is zoned for T6-8 O, which means it’s a mixed-use lot that can be redeveloped up to eight stories. Currently, some of the co-tenants include

  • JP Morgan Chase and Co. 
  • Chipotle
  • Pei Wei
  • Toasted Bagel

Near the property, the city recently completed a $24 million, streetscape reconstruction project that widened sidewalks and added new garden areas and public art


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.

From the FA Commercial Advisor’s family, we are proud to announce that Fabio Faerman has been awarded Fortune International Realty’s (FIR) #1 Top Producing Broker award for 2018, making this accomplishment the 6th in a row.

Since 2012, Fabio Faerman has been awarded #1 Top Producing Broker in FIR. Fabio has been a member of the coveted platinum circle since 2005 and has set the standards for the entire commercial real estate division at Fortune International Realty. Faerman is known for his excellent work ethic and tireless effort to always find the best deals for clients and investors.

With six accomplished years to celebrate, Fabio and the FA Commercial team continue to grow and create new strategies to adapt to the ever-changing commercial real estate market. In addition, this award not only encompasses the hard work done by Fabio, but also his commitment throughout time to be successful in one of the most competitive markets.

This award shows Fabio’s natural ability to successfully adapt and fulfill the needs of commercial real estate investors and buyers. Under Faerman’s leadership, FA Commercial Advisors – Commercial Division of FIR – is committed to bring global and multicultural business opportunities to South Florida’s commercial real estate market.


“This award shows the hard work that our team puts in every day. We are focused on always having an edge over the competition by using new strategies that involve new tech to market our properties and a customer service centric approach” 

Fabio Faerman

From the FA commercial family we wish you the best of luck on the upcoming year!

 

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.”

Taft Townhouses

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 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.

 

The coveted ground floor retail space located at X Miami, a new condominium development on Biscayne Boulevard, was just sold for $6.3 million (or $966 per square foot) in an exclusive off-market deal. Fabio Faerman, CCIM of FA Commercial Advisors – a commercial division of Fortune International Realty – was an integral catalyst of the deal, representing both the buyer and seller. A NNN investment group purchased the retail condominium spaces from a Miami-based investment firm who acquired the subject property during pre-construction last year.

The retail spaces encompass 6,520 square feet of interior space and a 1,752 square foot terrace facing Miami-Dade College Wolfson Campus and Vizcayne Development. Lease contracts average $65 per square foot with tenants already secured by the seller including:

  • Caffé Fiorino
  • Inari Sushi
  • GoGo Fresh
  • Oxxo Care Cleaners
  • A new concept of a casual and quick pizzeria brought by the owner of Stanzione 87

“We successfully aligned both buyer and seller investment criteria by utilizing specific investment strategies for each side” – says Faerman. The new tenants are expected to start operating later this year.

New X Miami Luxury Development

X Miami, located at 230 NE 4th St. by downtown Miami was developed by PMG. It boasts 32 stories, 464 luxurious apartment units, a hotel like public lobby, expansive pool deck, modern fitness facilities, club lounge, an impressive sky dog park, and a co-working space. The developer also announced that 4 floors will be going to The Guild Hotels, which will have 64 units on the tower and will offer virtual Check-In and Check-Out providing a seamless experience for its customers and adding value to the new X Miami Tower. This new modern and luxurious development will create a social living experience that will raise the bar for new constructions of multifamily projects in Florida and the United States.

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.

 

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info@facommercial.com
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