Natiivo Fort Lauderdale site heads to auction after $26M foreclosure judgment

by Francisco Alvarado

Harvey Hernandez’s Newgard Development Group could lose a downtown Fort Lauderdale site where the firm planned a 40-story mixed-use tower.  A court auction is scheduled for March 11 to sell the 1-acre property at 200 West Broward Boulevard to satisfy a $25.7 million foreclosure judgment issued Jan. 30 in favor of New York-based Kushner Companies, led by Laurent Morali and Nicole Kushner Meyer, the South Florida Business Journal reported.  Newgard is still working with Kushner on a resolution, Hernandez told The Real Deal. “We’re confident that we’ll get there,” he said. “ We love the property, we love the project, […]This article originally appeared on The Real Deal. Click here to read the full story.
Eric Reikenis
Eric Reikenis

Agent | License ID: BK3248822

+1(561) 339-1344 | eric@listingsource.com

GET MORE INFORMATION

Name
Phone*
Message