FT. LAUDERDALE, FL-Call it a generational opportunity. An ultra-exclusive waterfront multifamily community is up for grabs. The Falls of Marina Bay could fetch more than $85 million for its 376 apartment units and 168-slip marina. The property sits on 2.41 acres.
Jones Lang LaSalle put the property on the market less than three weeks ago on behalf of Taplin Development and Real Estate Capital Partners. JLL managing directors Denny St. Romain, Jubeen Vaghefi and Jeff Morris, along with VP Steve Echelson, are leading the transaction.
“This is a unique asset, a generational opportunity,” St. Romain tells GlobeSt.com. “There are very few marinas in this area that accommodate mega-yachts, so this irreplaceable property will appeal to a wide variety of investors.”
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