Riverbend TOD Plans for Next Phase

(Crystal Proenza is associate editor of Real Estate Florida.)

FORT LAUDERDALE-After completing its first 67,000-sf office building at the Riverbend Transit Oriented Development last month, Amera-Barron is moving on to the next phase of what is set to be a six-million-sf mixed-use project. The development company says it is finalizing plans for two 120,000-sf class A office buildings with 15,000 sf of retail and a 900-space parking garage. The project is located at the western quadrants of the Interstate 95/Broward Boulevard interchange, and is part of a 100-acre master plan that will eventually include over three million sf of office, 800,000 sf of retail, 1,200 residential units and 500 hotel rooms.

The recently completed building is already 25% leased, says George Rahael, principal of Amera-Barron, with tenants including Strayer University, which has leased a full 17,000 sf floor of the four-story structure. He says the company has received inquiries from tenants who would need 70,000 to 80,000 sf, which would prompt the construction of the next two planned office buildings.