MIAMI—Amaray Las Olas, a new luxury residential tower in Downtown Fort Lauderdale, is up for grabs. The joint venture owners Rockefeller Group and Stiles have decided now is a good time to exit the asset.
Cushman & Wakefield's South Florida Institutional Multifamily Team of vice chairman Robert Given, executive managing director Zachary Sackley, senior managing director Troy Ballard and director Neal Victor will tower. The asset will go to market unpriced.
Amaray Las Olas is a 30-story, 254-unit multifamily tower developed on a 1.25-acre site at 215 Southeast 8th Street. The average unit in the 285,329-square-foot building is 1,123 square feet with a market rent of $3,488, or $3.11 per square foot. The first residents took occupancy in April. The building is currently 96% leased.
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