Related Group And Rockpoint Sign Leases With Three New Retail Tenants At Manor at Miramar

Related Group, Rockpoint, and JLL have signed leases with three retail tenants at the new, mixed-use development Manor at Miramar now under construction in the heart of Miramar, Florida. Crema Gourmet, Sweat440, and The Spot Barbershop are the first retail tenants announced at the project located at 1 Main Street in Miramar where approximately 17,600 square feet of ground-level retail space remains available for lease. The property is expected to welcome residents and commercial tenants by the year’s third quarter.

JLL Senior Vice President Jonathan Rosen represented ownership in the lease negotiations.

“Since the project’s inception, we wanted to ensure Manor at Miramar offered a variety of retail services that would better the experience of residents and the surrounding community,” said Related Group’s, Senior Vice President of Development, Jessica Melendez. “With the addition of these three tenants, customers will be able to enjoy everything from a local food and beverage favorite to fitness and cosmetic services.”

Offering a wide ranging menu of delicious options from espressos to salads and bowls, Crema Gourmet Espresso Bar will be located on the corner of Main Street and Red Road taking 2,700 square feet of space on the ground floor. Since 2012, Crema Gourmet has quickly become a local favorite with fantastic coffee, juices, smoothies, salads, sandwiches, pasta, wine, beers, and more. Open seven days a week, the fast-casual spot focuses on finding gourmet ingredients that are carefully curated and fresh.

SWEAT440 is a dynamic 40-minute workout concept designed for beginners and experienced fitness enthusiasts alike. The boutique fitness studio will be taking 3,200 square feet at the development and offers one of the most convenient group fitness options with 40-minute, four 10-minute station classes are HIIT circuits: short, intense bursts of exercise with brief periods of rest to maximize calorie burn – and sweat.

Established in 2001 and growing rapidly with 20 locations, The Spot Barbershop will occupy 1,500 square feet along the project’s pedestrian walkway fronting the Miramar City Hall Promenade. From hot towel shave treatments to hip haircuts to straight razor shaves, The Spot Barbershop offers classic grooming services in a modern setting with skilled stylists combining superb service, a relaxed and sophisticated classic style into an experience where the goal is to make customers feel great and look even better.

The eight-story, luxury rental Manor at Miramar will feature 393 residential units ranging from studios to three-bedroom layouts. The project has 134 dedicated retail parking spaces comprising 23 on-street parking spaces, 53 parking spaces in a surface parking lot fronting Red Road, and 58 structured parking spaces dedicated to retail. Additional free parking is available in surrounding public parking garages. Related Group expects move-ins to begin by December 2023.

“Miramar is quickly becoming one of South Florida’s most sought-after retail submarkets,” said JLL’s Rosen. “Manor at Miramar is the ideal option for retailers looking to have an established residential base right upstairs and also benefit from the great foot traffic brought by the nearby Miramar Town Center.”

Since 1979, Related Group has enhanced skylines with real estate development characterized by innovative design, enduring quality and inclusive living. From luxury high-rise condominiums to more accessible developments, the Related Group’s distinctive brand of culture, design and lifestyle-infused properties continues to revitalize urban neighborhoods.

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.

Related Group Selects Stantec To Lead The Architecture & Engineering Of Manor Miramar

The global design and delivery firm Stantec has announced that it has been selected by Related Group to provide architectural and engineering services for the Manor Miramar residential project located in the Miramar Town Center at 1 Main Street. Manor Miramar will rise eight stories and include 393 high-end residential units, 28,000 square feet of ground-floor retail, and a 650-space parking garage.

The project’s Mediterranean-inspired design will feature elegant arched windows, terracotta barreled tiled roofing, and a main entrance whose porte-cochère is adjacent to a landscaped plaza furnished with paved pathways and benches. The ground floor’s arched covered walkways and large windows are fit to attract any passerby to the various residential amenity spaces, including a bowling alley, game room, fitness center, spa, dining areas, and retail stores.

Manor Miramar is within walking distance to several of the city’s landmarks within the Miramar Town Center, such as the city hall, the cultural arts center, library, an education facility, and a transport hub.

“The residential complex will be an important component of the City of Miramar’s master plan to transform the Miramar Town Center into a true hub for the community,” said Christina Villa, senior associate and project manager with Stantec’s Miami office. “The building’s design will complement the area’s existing Mediterranean style of architecture and the city’s vision of a vibrant main street with promenades and retail shops.”

Residences comprise of studios, one-, two-, or three-bedroom units and range anywhere in size from 420 square feet to 1,600 square feet. Seven two-story, three-bedroom units will have their own private terraces that face both the interior courtyard and pool. Construction for Manor Miramar is scheduled to begin in 2020.

By Isabella Zimmermann