Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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Scott Wadler
Managing Director
786.646.2595
Scott.wadler@berkadia.com
Michael Basinski
Vice President – Originations
561.609.4018
Michael.basinski@berkadia.com
MORTGAGE BANKING
Wouter Lips
Senior Financial Analyst
786.830.9002
wouter.lips@berkadia.com
Roberto Pesant
Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com
Yoav Yuhjtman
Senior Director
786.853.5555
yoav.yuhjtman@berkadia.com
David Greenburg
Financial Analyst
305.260.4973
david.greenburg@berkadia.com
Jaret Turkell
Senior Managing Director
561.573.6140
jaret.turkell@berkadia.com
Omar Morales
Director
305.878.2278
omar.morales@berkadia.com
INVESTMENT SALES
Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131
Boca Raton
5100 Town Center Circle, Suite 550
Boca Raton, FL 33486
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Berkadia Real Estate Advisors is pleased to exclusively present the opportunity to acquire 619 N. Fort Lauderdale Beach Boulevard, a 1.18-acre oceanfront development on Fort Lauderdale Beach. The property is currently operating as a 99-room hotel built in 1955. The lobby of the Sea Club Resort is subject to a preservation agreement with the Broward Trust for Historic Preservation.
Density and within the Central Beach Regional Activity Center (RAC) zoning districts is limited in accordance with the number of units and vehicle trips as provided in the City of Fort Lauderdale adopted Comprehensive Plan, as amended from time to time. There is currently 541 dwelling units available, which are allocated at the time of development permit approval. Over 90% of dwelling units are accounted for, with the remaining units on a first come, first serve basis.
The opportunity to acquire 619 N Fort Lauderdale represents one of the last remaining oceanfront development sites in the Fort Lauderdale area.
THE Opportunity
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619 N. Fort Lauderdale Beach Boulevard | Fort Lauderdale, FL 33304
Oceanfront Development
1.18
ACRES
51,452
SF
PHOTO GALLERY
Fort Lauderdale, FL 33304
619 N. Fort Lauderdale Beach Boulevard
Opportunity to Acquire One of the Last Remaining Oceanfront Sites In Fort Lauderdale Beach
619
N. Fort Lauderdale Beach Boulevard
Central Beach Regional Activity Center (RAC)
ABA (A-1-A Beachfront Area)
N/A; 541 units based on the RAC Limits
4.0
4.8
246,989 SF
200 ft (up to 240 ft with 60% of units being hotel)
20 ft (front, side, rear, and corner yards)
Future Land Use Designation
ZONING MEMO
Zoning Designation
Max Density
Base FAR
MAX FAR
Max Buildable SF
Building Height
Setbacks
Hotel - Lobby subject to Historic Preservation Agreement
Current Improvements