Foundry, partner pay $23M for 10-acre industrial dev site in Pompano Beach
Foundry Commercial and a real estate fund bought a 10.2-acre parking lot in Pompano Beach for $23.1 million, with plans to develop a pair of warehouses. Orlando-based Foundry and a fund advised by Dallas-based Crow Holdings Capital bought the site on the northwest corner of Northwest 33rd Street and Northwest 27th Avenue, according to records and real estate database Vizzda. The site is called Festival South and is directly south of the Festival Marketplace shopping center that closed this summer. Foundry and its partner plan a 182,000-square-foot development with a pair of warehouses, a Foundry news release says. Led by […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Palm Beach approves OKO, Cain’s condo project after months of back-and-forth
Outpost expands into Miami-Dade with $52M industrial buy
Steve Ross proposes $290M West Palm convention center hotel, his second in the city
Vlad Doronin’s OKO, Blavatnik’s Access seek approval to tweak Aman Miami Beach
Keystone scores $62M loan for office-to-resi conversion project near Dadeland Mall
“Don’t kill the market”: Developers keep building apartments in South Florida, despite supply overhang
Florida Auto Rates Dip Amid Market Stability
RE Q&A: Can I Sue Over Sprinkler Damage?
Simple Google Fixes That Can Boost Leads
Experts Urge Focus on High-Value Upgrades
