The Florida Panthers 'Red Reign': The Search For Back To Back Stanley Cup Championships While Creating Over $100+ Million Positive Economic Impact for South Florida

The Florida Panthers are back on home ice, ready to ignite the atmosphere in Amerant Bank Arena for Game 3 of the 2025 Stanley Cup Final against the Edmonton Oilers. With the series tied 1-1, the teams are set for an epic showdown on Monday night at 8 PM ET. South Florida is buzzing with excitement—cities across Broward County are gripped by “Red Reign,” as fans don their Panther gear with pride, eager to cheer on their team in pursuit of back-to-back championships. With their third consecutive trip to the Stanley Cup Final, the Fort Lauderdale DDA estimates that the Panthers prior two Stanley Cup runs alone generated more than $100 million in positive economic impact for Broward County, Fort Lauderdale and the South Florida region. Visit Lauderdale estimates the team has brought in an additional $30 million this 2025 postseason before the Panthers even drop the puck in a home game in the Stanley Cup Finals in Amerant Bank Arena.

The Panthers emerged on the national stage last season when they captured their first Stanley Cup in franchise history, defeating the same Oilers in an enthralling game 7. Now, as they make their third consecutive trip to the Stanley Cup Final, the fans are paying tribute to the team’s remarkable feat adding excitement to the Panthers’s resurgence beginning in the 2020-21 season. The Panthers’ success has been in a large part to owner Vincent Viola who purchased the team in 2013.

Florida has also now become an epicenter and hotbed for hockey with teams from Florida having reached the Stanley Cup and winning the Eastern Conference Final each of the past 6 years. The Florida Panthers in 2025, 2024 and 2023. The Tampa Bay Lighting in 2022, 2021 and 2020. The Lighting won back to back Stanley Cups in 2020 and 2021. The Panthers look to do the same in 2024 and 2025.

A Dramatic Start to the Series

The series began in Edmonton, where the Panthers faced a tight contest in Game 1, falling 4-3 after a heart-wrenching overtime loss. However, Game 2 proved to be a thrilling battle, with Brad Marchand netting the winning goal at 8:05 of the second overtime, sealing a 5-4 victory. This nail-biting come-from-behind win highlighted the Panthers' determination and ability to thrive under pressure, mirroring their playoff success in recent years.

As the Panthers prepare for Game 3, they will rely on their stars: Aleksander Barkov, Matthew Tkachuk, Carter Verhaeghe, and goalie Sergei Bobrovsky, among others, to lead the charge once again. The fortitude exhibited in Edmonton gives them momentum as they return to Sunrise, where they have been nothing short of spectacular all season.

Economic Boom for South Florida

The Panthers' success on the ice has not only reinvigorated local pride but also spawned a significant economic impact in Fort Lauderdale and the surrounding South Florida region. Following last year’s Stanley Cup Final, estimates indicated that four home playoff games generated an incredible $25 million in economic activity alone, and this year is expected to surpass that figure. In total the past three trips to the final have resulted in an estimated $100 million positive economic benefit to Broward County and the surrounding South Florida region. Visit Lauderdale estimates the team has brought in an additional $30 million this 2025 postseason before the Panthers drop the puck in a home game in the Stanley Cup Finals in Amerant Bank Arena.

As hockey fever sweeps South Florida, local establishments, including bars, restaurants, and hotels, are reaping the benefits. This year alone, estimates suggest an additional $30 million in revenue due directly to the Panthers' impressive playoff run. Hotels around the new IcePlex practice facility report occupancy rates soaring by 30-40%, while ticket resale prices for regular-season games at Amerant Bank Arena have skyrocketed by 46.7%.

The reverberating effects of the “Red Reign” can be felt throughout the local economy, with watch parties attracting thousands and tourism booming as hockey fans flock to the area. The revitalization of infrastructure surrounding the team’s practice rink, including public ice rinks, restaurants, and a concert venue, stands as a testament to the positive economic transformation.

The Panthers invested more than $65 million into the redevelopment of their 144,000 SF IcePlex as part of the revitalization of Holiday Park. The IcePlex serves as their official practice rink as well as recreational ice rinks and an entertainment venue. The facility has boosted youth hockey participation in South Florida and has brought the Panthers closer to the community.

Panthers' Journey and Future Prospects

The Florida Panthers, founded in 1993, have risen from years of playoff drought to become towering contenders in the NHL. Once struggling to secure victories in the postseason, the team has now transformed its fortunes, qualifying for the playoffs each year since the 2020-21 season and bolstering their legacy with consecutive Final appearances.

As the city enthusiastically prepares for Game 3, the hope for another historic championship run is palpable. The "Red Reign" is not just about hockey; it is about community, pride, and the economic revitalization of Fort Lauderdale. The fate of the coveted Stanley Cup remains fiercely uncertain, but one thing is clear: the Florida Panthers have united an entire region—a fitting narrative for a team that has found its identity in the heart of South Florida.

Join thousands of fans on Monday night at Amerant Bank Arena or at watch parties around town to witness history in the making as the Florida Panthers vie for a second consecutive championship.

Related Group Breaks Ground On Andare Residences Designed by Pininfarina, Set To Be Tallest Residential Tower in Broward County

Leading developer Related Group (Related), in partnership with legendary Italian design house Pininfarina, today celebrated the groundbreaking for Andare Residences Design by Pininfarina (Andare). Following strong deal momentum, including the record-breaking sale of its first penthouse, Andare is now over 50% sold.

Featuring a collection of 163 bespoke residences, the 46-story tower will be the tallest residential structure in Broward County, rising over 540 feet into the Fort Lauderdale skyline. Its newly unveiled “crown jewel” — a $16 million marquee penthouse — will also be the highest residence in Broward County. The residence spans over 6,000 square feet and features a wine room, private theater and uninterrupted, panoramic views of Fort Lauderdale.

“Breaking ground on Andare is an important milestone for both Related and Fort Lauderdale,” said Nick Pérez, President of Related’s Condominium Division. “We’ve spent years getting to know this market and contributing to its transformation, but it's been 20 years since a property of this caliber has risen above Las Olas. With Andare, we’re proud to be writing Downtown’s next chapter, offering an elevated living experience in the heart of the city. This is truly an unparalleled opportunity for luxury buyers to anchor themselves where the best of leisure, culture and commerce converge.”

With over 90 years of experience developing visionary design and timeless beauty, Pininfarina is best known for creating some of the most iconic sports cars and luxury automobiles in history, including classic models from Ferrari, Maserati, Rolls-Royce and many others. At Andare, Pininfarina has translated their expertise and impeccable taste to life in Las Olas, working closely with CFE Architects and Architectural Alliance Landscaping to create a cohesive design inspired by the area’s timeless energy and maritime roots. Andare is instantly recognizable by its distinctive façade, characterized by undulating wraparound balconies, which lend it a flowing, wave-like appearance.

Building upon its globally renowned design legacy, Pininfarina has carved a reputation as one of the leading studios for branded residences worldwide. The studio combines Italian sensibility with local relevance, crafting spaces that prioritize human experience, innovation and elegance. With a multidisciplinary team of architects, industrial designers and mobility experts, the firm brings a holistic approach to the built environment — merging architecture, interior and experience design into a unified expression of place and purpose.

At Andare, this multidimensional design philosophy manifests in a tower that is not only visually striking but also deeply intentional — blending lifestyle, art and technology to create a residential icon for the next generation of Fort Lauderdale living. The thoughtful approach to design is reflected in each of Andare’s residences, which range in size from 1,800 to over 4,300 square feet. Marrying estate and condo lifestyles, the residences feature open-concept living areas; floor-to-ceiling windows; gourmet kitchens with Italian cabinetry and Sub-Zero and Wolf appliances; sprawling spa-inspired bathrooms adorned with floor-to-ceiling tile, frameless glass showers, deep soaking tubs and Hansgrohe plumbing fixtures; the latest smart home technologies and more. Designed to promote indoor-outdoor living, oversized wraparound balconies extend each home’s footprint and overlook Fort Lauderdale’s majestic waterways and the Atlantic Ocean.

“At Pininfarina, we believe that elegance and performance together create timeless style. With Andare, we bring that philosophy to life on Las Olas — crafting a vertical narrative of flowing lines, luminous space and elevated well-being,” said Samuele Sordi, Chief Architect Officer at Pininfarina of America. “This tower is more than a residence: it’s an emotional journey shaped by beauty, community and purpose. We are proud to mark this milestone with Related Group, redefining the Fort Lauderdale skyline with a new icon of coastal sophistication.”

Residents of Andare will have access to over 35,000 square feet of amenities celebrating every facet of urban life. The 10th floor is home to a wide range of offerings that prioritize health and wellness, including a state-of-the-art fitness center, a pickleball court and a wellness spa with dedicated salt, sauna, steam and massage rooms, and hot and cold plunge pools. Live, work and play take center stage on Andare’s 11th floor, which includes a private dining room with a catering kitchen; a Sports Lounge with gaming tables; an Executive Lounge with private conference rooms and a designated resident’s Club Lounge with a Central Bar that provides enchanting ocean views. When residents step outside, they will be met with a true urban oasis: a rooftop resort featuring an outdoor kitchen, a swimming pool, private cabanas, an expansive sun deck, a hot tub and food and beverage services.

Situated just two miles from Las Olas Beach, Andare will offer residents the best of coastal and metropolitan living, providing unobstructed coastal vistas and seamless connectivity to the city’s urban core. The tower is strategically located at the foot of the Fort Lauderdale Riverwalk expansion at Tunnel Top Park, affording ease of access to the Shops of Las Olas and the downtown Riverwalk District. Andare will also be home to a 6,000-square-foot restaurant envisioned by esteemed restaurateur Tim Petrillo, Co-Founder and CEO of The Restaurant People (TRP), located on the tower’s ground floor.

Renderings via ARX Creative

For more information about Andare Residences by Pininfarina or to inquire about purchasing a unit please fill out the form below:

Breakwater Hospitality Group’s Rivertail Debuts New Summer Menus in Fort Lauderdale

Situated along the New River in Downtown Fort Lauderdale, Breakwater Hospitality Group’s Rivertail has unveiled its new brunch and dinner menus, expanding its seafood-driven selection of creative and bold flavors that have earned the restaurant its reputation as one of the best in town. Under the direction of five-time James Beard-nominated Jose Mendin, Chef Partner at Rivertail, the eatery draws inspiration from international cuisines, combining diverse flavors and offering a unique array of dishes for those with seafood indulgence in mind. 

Named “Best Restaurant Fort Lauderdale 2020” by Miami New Times, the vibrant neighborhood eatery offers both indoor and patio seating located just steps away from the sister concept, The Wharf Fort Lauderdale.  “We’re thrilled to expand Rivertail’s fresh seafood offerings and give diners more of the dishes they crave at our beloved restaurant with unbeatable waterfront views in the heart of Fort Lauderdale along Downtown’s iconic Riverwalk,” said Emi Guerra, co-founder of Breakwater Hospitality, the visionary firm known for its smash-hit entertainment venues throughout South Florida including The Wharf Miami and The Wharf Fort Lauderdale, as well as Carousel Club in Hallandale Beach. 

The new brunch and dinner menus at Rivertail include a variety of different items such as Passion Fruit Ceviche with blue cobia, bay scallops, tiger shrimp, passion fruit, heirloom tomatoes, pearl onions, crispy tostones; Seafood Nachos with blackened tiger shrimp, pickled onions, guacamole, pico de gallo, crab queso, shredded lettuce, and lime crema; Crispy Chicken Sandwich with breaded chicken breast, gruyere cheese, brioche, butter lettuce, tomato, Rivertail sauce, and fries; Spicy Tuna Toast with yellowfin tuna, spicy aioli on brioche toast with sriracha; Tuna Tataki Salad with yellowfin tuna, spring mix greens, heirloom tomatoes, crispy malanga, and miso ginger dressing; Honey Kimchi Wings dipped in sweet chili ranch and sesame; Mussels Maria with PEI mussels, tomatoes, Bermuda onions, and lemon caper butter; Yellowtail Ceviche Taquitos with ginger, soy, jalapeño and miso; Blue Cobia with piquillo sauce, bamboo leaf, and grilled lemon; Branzino a La Grenobloise with capers, lemon, parsley, and butter; Garlic Parmesan Crusted Trout rainbow trout, garlic lemon, grilled artichokes, and a special monthly featured “Taco of the Month.” Highlights from the brunch menu include the Lobster Benedict with poached organic eggs, brioche toast, and yuzu hollandaise, the Chicken N’ Waffles with Korean BBQ syrup and spicy ranch, and the Rivertail Powerbowl with either salmon poke or grilled salmon, chopped kale, cashews, quinoa, avocado, baby heirloom tomatoes, cucumber, and miso dressing.

Rivertail is located at 4 W Las Olas Blvd Ste. 120, Fort Lauderdale, FL 33301. It is open for dinner Tuesday through Thursday from 5 to 10 p.m., Friday and Saturday from 5 to 11 p.m., and Sunday from 5 to 9 p.m. Rivertail is open for brunch on Saturday from 12 p.m. to 4 p.m. and Sunday from 11 a.m. to 4 p.m 

THE ESTATE COMPANIES GRANTED SITE PLAN APPROVAL FOR SOLESTE POMPANO BEACH LUXURY MIXED-USE RENTAL COMMUNITY

The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.

“We are extremely excited to bring this project to the City of Pompano Beach and thank the city officials, planning and zoning board, and staff for their confidence and support,” stated Nicholas Diaz-Silveira, senior development associate at The Estate Companies. “This community-oriented development will provide a truly enhanced lifestyle experience for residents through our vast collection of luxurious amenities and social components at an attainable price point.”

Ranging in size from 450 to 1,050 square feet, Soleste Pompano Beach will include studio apartments, one- and two-bedroom units, and live-work units with a combination of residential and business space. A parking garage will include 367 spaces with another 11 parallel parking spaces at the ground level.

The Estate Companies is known for its Soleste Living brand portfolio of luxury multi-family rental developments throughout South Florida, all of which feature health and wellness offerings and social components. Soleste Pompano Beach will include a resort-style pool and amenity deck with fitness center on the sixth floor and public open space with a picnic area.

Soleste Pompano Beach is situated on one of South Florida’s main arteries, U.S. 1, just north of East Atlantic Boulevard, and in close proximity to many local attractions including the beach and a myriad of entertainment and dining options. The project is slated to break ground toward the end of Q3 2022.

The Estate Companies has numerous other projects in various stages of development throughout the tri-county region including Hialeah, Spring Gardens, North Miami Beach, Hollywood, Dania Beach, Riviera Beach, and West Palm Beach.

Former Bridgewater Associates CTO Buys AKAI Estates Residence For $8 Million In Southwest Ranches

Prasad Hedge has joined bigwig investors migrating to South Florida from Connecticut. Hedge, who was previously a CTO with Bridgewater Associates, a premier asset management firm owned by Founder and Co-Chief Investment Officer Ray Dalio, purchased an estate in Southwest Ranches Akai Estates for $8 million. Hedge is currently COO at 777 Partners, the Miami based private investment firm which is deeply involved in international sports teams and league investment. 777 Partnes has more than $3 billion in assets under management with several high-profile investments in international soccer including La Liga’s Sevilla FC, Genoa C.F.C., the Brazilian club Vasco de Game and Belgian club Standard Liège.

“When moving my family from Connecticut, we were seeking a new, modern designed single-family community. Ideally, we wanted a home within close proximity to both Miami and Fort Lauderdale. It was also important for us to be near top ranked schools. We have been working with design consultants and architects at AKAI Estates, and the process has been seamless,” said Prasad Hedge.

This sale is proof of the luxury buyers and wealthy execs continuing to bet big in South Florida. More specifically, sights are set on Southwest Ranches, a neighborhood that has seen an influx of these wealthy buyers. Hedge chose to move his family from Connecticut to AKAI Estates in Southwest Ranches in order to have a luxury single family home, while not sacrificing space or land. AKAI Estates is a luxury pre-construction single family estate community with two acre lots per home. Southwest Ranches has historically appealed to wealthy execs and business leaders looking for sprawling estates and exclusivity, keeping close proximity to Miami at just 15 miles away.

Located within the estate community, the impressive bright and airy home will be situated on a two-acre lot. It features six bedrooms and eight and a half bathrooms within two floors of open space. The model selected by Hedge includes two sundeck pavilions, one that leads to the glass-walled home gym, with a custom sunken living room and firepit. The home’s upscale summer kitchen boasts appliances by Miele. The home’s dazzling 2,343 square-foot infinity-edge pool is ideal for entertaining, surrounded by lush landscaping as well as a private sports court. The home also offers indoor entertainment with a theater space. With conceptual design by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates, the home beautifully merges indoor and outdoor living spaces.

“As a response to the single-family home shortage in South Florida, AKAI Estates is delivering 16 signature luxury estates tucked away in one of South Florida’s most sought-after residential havens, Southwest Ranches. As part of a prestigious suburban landscape, the 44-acre community offers five distinct residential floor plans, each delivered on two acres of private property which makes AKAI even more unique,” said Alex Yokana, Developer of AKAI Estates.

AKAI Estates is a collection of 16 signature luxury homes tucked away in Southwest Ranches, one of South Florida’s most sought-after residential havens. The 44-acre property offers 5 distinct residences to choose from, each delivered with two acres of private property. AKAI Estates is being developed by Alex Yokana, Jairo Vela, and Amos and Michael Sochaczevski. Bento Queiroz Team under Compass is the exclusive sales team for the development.

Master Brokers Forum Listing: Check Out This Ultra-Modern Waterfront Spec Home In Lighthouse Point Asking $21 Million

Master Brokers Forum member Asher Ouazanan presents this stunning, gated, waterfront masterpiece sited on 19,558 square feet of direct Intracoastal bliss. A two-story contemporary masterpiece with over 9,800 square feet of sleek and sophisticated indoor and outdoor living. This residence features five bedrooms and six and one half-bathrooms, featuring a custom floating path entrance with an eleven-foot waterfall, a bright open kitchen/dining room floor plan, clubroom, gym with sauna, glass wine wall showcase, floor-to-ceiling windows, an elevator, and more. Resort-like amenities include a covered patio with summer kitchen, an infinity pool and spa, as well as a rare, one-of-a-kind dock configuration that can accommodate any water toy. Construction is set to be completed by June 2022.

4460 NE 31st Ave, Lighthouse Point, FL 33064 is currently listed for $21,000,000 with Asher Ouazanan of SIR Realty, who can be reached at 305-396-9065 and/or asher@sirrealtymiami.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

This article was produced in partnership with Master Brokers Forum

LUXCOM Reveals 235-Unit Multifamily Development In Sunrise

Florida-based builder LUXCOM, led by CEO and Chairman Oscar Barbara, has revealed plans for a 235-unit multifamily rental community in Sunrise. Ideally located on the south and east sides of Sunrise's main crossroads of Oakland Park Boulevard and University Drive, the project will transform multiple abandoned and underutilized commercial parcels into a brand-new Class A multifamily garden-style development.

The project secured a $41 million construction loan last week and simultaneously broke ground the following day. Funding was provided by Centennial Bank. Centennial Bank has a longstanding relationship with LUXCOM and provided funding for its long list of multifamily, single-family, mixed-use, and townhome projects.

Situated on 10 acres, the market-rate rental project will encompass six three- and four-story buildings offering one, two and three-bedroom apartments ranging from 725 square feet to 1,371 square feet overlooking the fairways of the Seven Bridges golf course.

“With this development, we aim to reinvent the rental apartment experience by creating units with amenities found in luxury houses such as generous floorplans, dens, high ceilings, plenty of natural light, oversized windows, European-style kitchens with quartz countertops, stainless steel appliances, walk-in closets, and more," said Barbara. “We’re grateful that Centennial Bank recognized the need in the marketplace for this type of project that will add an elevated living experience to the area.”

The project’s design was inspired by the design of Rosemary Beach in Florida’s panhandle and will boast West Indies British Colonial design within its garden-like setting. Tenants will enjoy access to nearby conveniences such as a new Aldi Supermarket, Walgreens Pharmacy, SunTrust Bank, restaurants, and multiple entertainment venues.

LUXCOM designed the project with today's younger families and professionals in mind offering a clubhouse, resort-style pool and cabanas, theater room, state-of-the-art gym with yoga studio, private rooms for events and entertaining, children’s playroom, community dog parks, WiFi hotspots, car charging stations, garages, a citrus garden, and more.

KAR Properties Locks Down $128 Million Condo Inventory Loan For 2000 Ocean In Hallandale Beach

KAR Properties, led by Shahab Karmely, have closed on a $128 million condo inventory loan for the recently completed 2000 Ocean in Hallandale Beach. Madison Capital Realty provided the loan which will be used to pay off a $103 million construction loan issued by Apollo Commercial Real Estate Finance in 2018. 2000 Ocean was completed in December 2021 and closings are set to begin January 14, 2022.

KAR Properties first launched sales for the project in October 2017 with Douglas Elliman Development Marketing before partnering with Edgardo Defortuna’s Fortune International Group to take over sales and marketing in August 2018. The project officially broke ground in November 2018 with Suffolk Construction as the contractor.

2000 Ocean rises 38 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower, which is designed by Enrique Norten of TEN Arquitectos with concept design by Kobi Karp Architecture & Interior Design, landscape architecture by Sasaki and interior design by Minotti.

The project features 64 residences, the smallest being a 2,913 SF half floor 3 bedroom and ranging up to 5,832 SF full floor 5 bedroom penthouse residences. 2000 Ocean also features a duplex sky vill which comes complete with a private pool deck. Residences are designed by Minotti and feature expansive flow through floor plans, 10' ceilings, private elevator landings, floor-to-ceiling windows, custom kitchens by Minotti Cucine, Monterrey Marble flooring throughout including terraces, custom stone master bath with Agape floating bathtubs.

Services and amenities include two swimming pools with expansive sunrise and sunset views, direct beach access with private beach, private arial and valet entrance, 24-hour valet and concierge, an oceanfront library with garden views, an oceanside lounge and juice bar, an indoor theater, entertainment room, fitness center and a freestanding spa pavilion complete with treatment rooms, Hammam (steam bath), ice room and yoga room. The lushly landscaped grounds feature curated gardens by Landscape Architect Sasaki Associates. The original design concept architect for the project was Kobi Karp.

Prices at 2000 Ocean ranged from $2.6 million to $4.4 million and penthouses ranged from $8 million to $12 million. Remaining developer units start at $3.1 million and range up to more than $10 million for penthouse residences.

For more information about 2000 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Merrimac Ventures Breaks Ground On $90 Million Merrimac Plantation Multifamily Development In Plantation

South Florida-based development firm Merrimac Ventures has broken ground on Merrimac Plantation, a new multifamily development on the rise in the City of Plantation, Florida. Located at 1711 N. University Drive, Merrimac Plantation will total 293,945 square feet with 306 rental apartments across two six-story midrise buildings. Construction is now underway and slated for completion in 2023.

Apartments will range from one- to three-bedroom layouts, featuring modern stainless-steel appliances, high-end European cabinetry, elegant quartz countertops, and smart locks and thermostats. Amenities will include a double height lobby, club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, fitness center, a co-working and business center with private offices and conference rooms, a resident ‘hangout’ lounge, dog park and dog spa, electric vehicle charging stations, and available Wi-Fi connectivity throughout the property.

“Once completed, Merrimac Plantation will meet growing demand for market rate rental housing in Central Broward County, which is experiencing an influx of new residents drawn to the area’s accessible location, appealing quality of life, and proximity to several major employers,” said Nitin Motwani, Managing Partner of Merrimac Ventures.

Merrimac Plantation will provide residents an appealing live, work, play environment, with the property’s strategic location adjacent to the Plantation Midtown Business District, an 860-acre master-planned development featuring 2.5 million square feet of retail and restaurants as well as 3 million square feet of office space. Also within close proximity is the Plantation Pointe Office Park, the Westside Regional Medical Center, and the Plantation Walk mixed-use redevelopment. Large retail outlets nearby include the one million square foot Fountain Shoppes lifestyle center and the 2.4 million square foot Sawgrass Mills. Residents can also enjoy Plantation's Central Park, a 103-acre park with a multitude of sporting activities.

Broward County’s City of Plantation is a growing, vibrant municipality and one of South Florida’s most desirable suburban neighborhoods, with a residential population exceeding 94,000 and a daily workforce of more than 55,000. As Plantation’s thriving business community continues to grow and attract major companies, the City is already home to some of the region’s largest employers including Motorola Solutions, Aetna Insurance, TradeStation, Virgin Voyages, AmSurg, Baptist Health, Magic Leap and Chewy. Plantation is easily accessible to major highways including the Florida Turnpike, and is within a 20-minute drive of Fort Lauderdale-Hollywood International Airport and Port Everglades.

Merrimac Plantation is the newest addition to Merrimac Ventures’ growing portfolio of developments across South Florida. The firm’s current projects include the Four Seasons Hotel and Residences Fort Lauderdale Beach; Riverfront East, a new mixed-use development underway in the heart of Downtown Fort Lauderdale that is currently home to the popular outdoor event venue The Wharf; the recently opened Flagler Village Hotel, a dual branded Hilton Tru/Home2 Suites property adjacent to Brightline’s train station; an 11-story boutique condominium planned for 530 North Beach Road in Fort Lauderdale Beach; 1350 South Ocean, an approved 27-story, 92-unit luxury condominium tower along the beachfront in Pompano Beach; 317 North Federal, a 716-unit multifamily development in Fort Lauderdale; and Miami Worldcenter, a $4 billion, 27-acre master planned mixed-use development underway in Downtown Miami.

Images via Al Evans, Downtown Photo

Miramar Park of Commerce Sells For $18 Million At A Record Price Per Square Foot For Broward County

The Miramar Park of Commerce has sold for $18 million. The 56,072-square-foot industrial/flex building is located at 10315 USA Today Way in Miramar, Florida. At $321.02 per square foot, the transaction represents the highest price per square foot secured for an industrial/flex property in Broward County.

On behalf of the seller, Zeta Associates, LLC, Avison Young’s Industrial leasing team and Florida Capital Markets Group teamed up to complete the record-setting disposition to CRG Acquisition, LLC. The effort was led by Principals Tom Viscount, David Duckworth, Michael T. Fay, John C. Crotty, Wayne Schuchts, and Senior Associate Bobby Benton.

“The sale demonstrates both the resilience and attractiveness of the South Florida industrial market,” said Viscount. “Specifically, the significant price per square foot is indicative of the high demand for class A industrial and flex space, as investors continue to see South Florida as a key growth region. Due to the extraordinary demand and limited supply, less than 10 flex buildings over 50,000 square feet sold in the past year.”

The asset’s buyer is an investor who was attracted to Miramar Park of Commerce’s great location, well-maintained properties, and the prestige of the park. They plan to renovate the building to create a high-end educational campus-like setting to lease it to one of their national clients that operates a medical school.

“The buyer recognized the uniqueness and value of the building’s overall footprint and quality infrastructure sitting on seven acres, which cannot be replicated in today’s market,” added Viscount. “These factors certainly contributed to the notable sales price.”

Equidistant from Fort Lauderdale and Miami, Miramar Park of Commerce is a light industrial park campus in Southwest Broward County fronting the Florida Turnpike just one mile east of the Red Road Interchange. With over 5 million square feet of office/service, laboratory, pharmacy, light manufacturing, and distribution space, the world-class park is home to 10,000 employees from more than 170 national and international companies.