ONE Commercial Real Estate

FOR SALE | Hollywood Development Opportunity | $2,300,000 ONE Commercial Real Estate presents this stunning urban infill development opportunity in Hollywood, Florida. This half-acre parcel was awarded site plan approval in July for 34 residential units in four stories, 43 ground-floor parking spaces, and rooftop amenities including swimming pool and expansive lounge area. The gorgeous art deco-inspired design offers large balconies, in-unit washer/dryers, and efficient parking, and is mere walking distance to Young Circle Park, Hollywood Boulevard and more, in this booming city strategically situated between Miami and Fort Lauderdale. For more information, contact Hunter Halten or Alexis Shapiro. Hunter Halten 305.979.9078 [email protected] Alexis Shapiro - South Florida Multifamily Advisor 954.573.4449 [email protected]

Little River, once known for its industrial landscape, is experiencing a significant shift toward becoming a vibrant center for retail and multifamily projects. With rising demand for housing options in Miami, areas like Little River are transforming into dynamic, mixed-use communities. A notable example is Infinity Collective’s recently proposed 28-story rental tower. This project will bring 454 units and nearly 20,000 square feet of commercial space to the area, taking advantage of Florida’s Live Local Act. Importantly, 40 percent of the residences will be designated as workforce housing, addressing the crucial need for affordable living. As Little River continues its transition from an industrial zone to a flourishing mixed-use destination, this development exemplifies the neighborhood’s potential to attract significant investment and support community growth.

JUST LISTED | Overtown Multifamily Opportunity | $3,100,000 ONE Commercial Real Estate is pleased to present this exceptional 20 Unit LIHTC Multifamily Opportunity in booming Overtown, South of Wynwood. This area has seen tremendous growth and investment as one of the few areas with land available to meet the ever-increasing demand for housing near Miami’s core & central business district. The property has been updated over the years of ownership including interiors, exterior paint, hurricane impact doors, and water proofing in common areas. This is an opportunity to purchase well below the average sold price per unit in a location that is imminently transforming into a Miami hotspot for new development. For more information, contact Alexis Shapiro. Alexis Shapiro 954.573.4449 [email protected]

Hot off the press! ONE Commercial's Q2 2024 CRE market reports for South Florida (Miami-Dade, Broward, and Palm Beach Counties) are out. Take a deep dive into the latest trends and data per sector. -- OFFICE: bit.ly/4crAawW -- MULTIFAMILY: bit.ly/3WNcm0X -- RETAIL: bit.ly/3YHp2Ja -- INDUSTRIAL: bit.ly/4cjWXuM -- HOSPITALITY: bit.ly/46OScIn

Doral proves it’s where growth and opportunity converge. The submarket, which includes Doral CityPlace, is thriving with a retail vacancy rate of just 2.6%, down 0.4% from last year. Over the past 12 months, we’ve seen 180,000 SF of positive absorption and rents rising by 5% to around $46/SF. With 18,000 SF currently under construction and recent sales totaling $76.8M, the city is poised for even more expansion.

Join ONE Commercial’s Multifamily Advisor Alexis Shapiro as she connects with the CEO of Florida Land Investments, Gregory Stula to discuss how his new development appeals to the modern renter. Stula and his team developed our West Lake build-to-rent opportunity listing which includes 50 premier buildable lots to be developed upon contract. Crafted for the outgrowing market of single-family rentals, these properties capitalize on prime locations to offer top-tier living experiences. With a focus on economic resilience, expect substantial passive income thanks to low tenant turnover and minimal capital expenditures. Backed by a seasoned development team renowned for successful projects, West Lake represents a profitable and sustainable investment opportunity. Don’t miss out—invest in the future of rental living today! Projected just under 8% cap + return and opportunity to purchase/develop below appraised value of $358,000 per completed home. For more information, contact Alexis. Alexis Shapiro 954.573.4449 [email protected]

JUST LISTED | FLO Delray ONE Commercial is pleased to present this exceptional opportunity to develop 4.8 Acres, a rare greenfield site in the city of Delray Beach. Double density up to 24 du/ac (116 units) with 20% workforce. Develop 12 du/ac (58 units) with no income restrictions. Ideal for Townhomes, Garden Apartments, Senior or Assisted Living. Inexpensive use types and surface parking offer great value in a prized metro area. For more information, contact Alexis and Hunter. Alexis Shapiro 954.573.4449 [email protected] Hunter Halten 305.979.9078 [email protected]

We took the Brightline Trains to West Palm Beach for a day of exploration in City Place West Palm. Palm Beach County is booming, with 2.6% population growth from 2020 to 2023, reaching over 1.53M residents—outpacing South Florida’s other counties. CityPlace is a prime destination for new businesses and vibrant community life. While Miami-Dade’s population dipped and Broward’s rose only 1%, West Palm Beach stands out on top. Explore the heart of this dynamic growth at CityPlace!

Broward County is set to launch an automated people mover and light rail system, revolutionizing transit in the region. These innovative projects will connect Fort Lauderdale-Hollywood International Airport, Port Everglades, and a potential future Brightline stop, offering a seamless travel experience. The people mover will operate 60-65 feet above ground, covering a 2.1-mile loop around the airport. The light rail will connect the Convention Center and Port Everglades to the airport, with plans to extend to Sawgrass Mills. These projects are expected to be completed by 2030 and 2028, respectively, bringing modern, efficient, and futuristic transportation to South Florida.

Retail rent rates are rising as demand continues to outpace supply. Businesses remain eager to expand, leading to a competitive market where nearly 95% of new construction is leased pre-operation. Dacra’s Miami Design District development is a prime example, with 90,000 square feet at The Moore leased for offices, a private members club, a gallery, a boutique hotel, and the Elastika restaurant. Notable tenants include Brunello Cucinelli, Isa Grutman, Tiffany & Co., and Palm Angels, among others. Follow us for more insights on the dynamic South Florida real estate landscape and how we can help you navigate it.