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Intrepid Breaking Ground in December on $5.5M Lofts Venture

MIAMI-The planned 28-unit, three-story, 80,000-sf Parc Lofts in the city's performing arts district will offer 1,500-sf to 4,200-sf units from $275,000 to $1 million in a 47-year-old industrial building that formerly housed an electric company and the Miami Public School Board.

By Alex Finkelstein | Updated on August 30, 2002

MIAMI-Intrepid Real Estate Co. co-founders Henry E. Harper-McClausland and Gustavo Hernandez are so confident their planned Parc Lofts venture in the city’s performing arts district will be a quick sellout, they are adding a third floor to the design of the 47-year-old structure that will give it 80,000 sf of living area.

Ground-breaking on the 28-unit, $5.5 million project is scheduled for December with completion by year end 2003.

The site is at 35 NE 17th St. where the two-story, 47-year-old, 65,000-sf industrial building formerly housed an electric company and the Miami Public School Board.

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