"We saw an opportunity to fill a void in the area," states Alan S. Macken, CEO of Macken Cos. , in prepared remarks. "Drawing inspiration from successful lifestyle destinations in Austin, Baltimore and Boston, our team has designed a project that we believe will reinvigorate the West Dixie Corridor and deliver a real connection and destination for the community." He adds that 5 Park will also serve as a catalyst for future development.

Colliers International has been retained as the exclusive leasing agent, and Jonathan Carter has been named as the director of leasing for the property.

"It is no secret that top restaurants and higher-end fitness concepts in the Aventura and North Miami Beach area have begun to cluster on West Dixie Highway at Biscayne Boulevard," Carter says. "It is about time a project with a modern vibe, feel and superior physical premises was introduced to the area to meet the retail demand."

5 Park is bordered by neighboring Aventura and nearby Sunny Isles. The project is directly north of the historic Ancient Spanish Monastery and Arthur Snyder Tennis Court Complex, and hear the county's 265-acre Greynolds Park. 5 Park offers easy access to Biscayne Boulevard, I-95 and all major arteries.