One Of The Last Development Sites On Downtown Fort Lauderdale's Federal Highway Corridor Is Asking $12.5 Million

One of the last development sites on downtown Fort Lauderdale’s Federal Highway corridor has hit the market asking $12.5 million. Located at 150 N. Federal Hwy., the property is being marketed for sale by Native Realty, the Fort Lauderdale-based commercial brokerage led by founder and CEO Jaime Sturgis.

The 0.78-acre site is walking distance to many of the city’s most popular bars and restaurants on Las Olas Boulevard and in Flagler Village. It is just down the street from Virgin Trains USA’s Fort Lauderdale station. Existing zoning potentially allows for hotel with up to 212 rooms, residential with up to 109 units or a 12-story mixed-use development.

“You could not ask for a more well-positioned development site at the gateway to downtown Fort Lauderdale,” Sturgis said. “We anticipate substantial interest in this offering given the scarcity of such properties in the city’s urban core.”

Sturgis and Native Realty’s Dan Ross are also exclusively marketing one of the last available land assemblages in Flagler Village. The 600, 614 and 618 NE Third Ave. and 313 NE Sixth St. assemblage is priced at $7.7 million and has zoning that allows for a wide variety of development up to 150 feet.

For more information about 150 N. Federal Hwy., private showings or purchasing/ leasing information please fill out the form below:

KIPANY Marketing To Relocate To Downtown Fort Lauderdale After 40 Years In NYC

KIPANY Marketing, the firm which handles marketing for The New York Times, Disney, Comcast, Verizon and Sears, is relocating to Fort Lauderdale after 40 years in NY as the exodus of business and wealth from high-tax northern states continues as they gravitate towards Florida’s income tax-free structure. The company purchased 2,143 SF office space on the water in Nu River Landing for $2.15 million, $1,003 SF, at 511 SE 5th Avenue, Fort Lauderdale, marking the highest price sold in the building. Filippo Incorvaia of Douglas Elliman Real Estate represented the buyer, Kip Colligan, Co-Founder & COO of KIPANY, in the real estate purchase. The original listing price was for $3,200,000 offered with pre-approved plans to build a mezzanine level which would have extended the area to 4,923 SF but KIPANY purchased the property without the plans. After a substantial build out, the space will serve as the new executive headquarters for the company who handles direct marketing services.