New Urban Communities Sells Azul Apartments In Stuart For $15.5 Million
The Delray Beach-based New Urban Communities, led by Kevin Rickard and Tim Hernandez, has sold Azul Apartments in Stuart for $15.5 million to the San Diego-based public REIT DiversyFund Growth REIT. The price breaks down to roughly $316,000 per unit.
The Delray Beach-based New Urban Communities, led by Kevin Rickard and Tim Hernandez, has sold Azul Apartments in Stuart for $15.5 million to the San Diego-based public REIT DiversyFund Growth REIT. The price breaks down to roughly $316,000 per unit. The transaction was overseen by Stephen Nostrand and Alexis Shapiro with ONE Commercial Real Estate. Azul Apartments was developed in 2019 and features 49 units spread over 32,577 square feet of total developed. Units come in one, two and three-bedroom floor plans and amenities include a pool, spa, fitness center, media center, club room, walking trails and on-site management. Located at 201 SW Joan Jefferson Way, Azul Apartments rises three-stories on 1.6 acres of land which was leased by the city to the developer was designed by Martin Architectural Group.
Pitusa Signs a New Lease to Open Their First Flagship Store in Wynwood
Pitusa is a multimillion dollar, Peruvian-inspired clothing company founded in 2010, with the goal of providing high quality, affordable and comfortable beachwear.
Pitusa is a multimillion dollar, Peruvian-inspired clothing company founded in 2010, with the goal of providing high quality, affordable and comfortable beachwear.
The store has signed a lease to launch their first flagship in Wynwood, opening in October. It is located at 2501 Northwest 2nd Avenue across from the Wynwood Walls.
The founder, Clara Lago, started with only a thousand dollars and with zero outside investment, grew Pitusa into a multimillion dollar company that is currently selling in over 300 stores over the world. She wanted to create clothing that empowers women by offering a lighthearted aesthetic that transitions from beach to street.
Ani Sierra of ONE Commercial represented Pitusa in finding the perfect location for their new store which will offer a unique experience, allowing buyers to tailor each piece as “wearable art” from customized color to fabric.
Article by: Stephanie Warren
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.