Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Vacant Land In Downtown Fort Lauderdale

Berger Commercial Realty  /   November 21, 2024

Manor Investments, LLC has successfully acquired Tarpon Lofts, a prime .29-acre parcel of vacant land located at 400 SE 9th Court in Fort Lauderdale, Florida, from Initech Properties, LLC.

The purchase price for the property was $1,100,000.00.

The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.

Situated just south of the New River and overlooking the new Federal Courthouse property, Tarpon Lofts is poised to become a sought-after residential destination. The site is approved for the development of a six-story, nine-unit luxury loft-style condominium project, which will overlook the picturesque Tarpon River.

Steve Hyatt “The acquisition of Tarpon Lofts reflects a growing trend among buyers seeking a balance of urban living without the confines of larger high-rise buildings,” said Hyatt. “This property offers a unique opportunity to embrace a ‘live, work, play’ lifestyle within walking distance of Downtown Fort Lauderdale and the vibrant Las Olas Boulevard.”

As urban development continues to flourish in Fort Lauderdale, Manor Investments, LLC aims to capitalize on the demand for upscale residential options that combine convenience and luxury. The planned development at Tarpon Lofts will cater to residents who value proximity to the city’s cultural and recreational amenities.

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