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A groundbreaking for the project was held last Friday and demolition of the Edison Building at the project site located at the southwest corner of North Boulevard and Spaulding Drive is scheduled to begin on May 7.
The EDEN Crystal Lake project in Port Orange, which a spokesman for the development team told Globest.com is valued at approximately $47 million, is expected to break ground in June.
Colliers states that it will add development services team members in Orlando, Tampa Bay and Jacksonville, as well as bring in additional personnel to its South Florida operation.
Several factors contribute to the positive fundamentals and attraction to Plantation; most notably, the increased density being provided for by city planners.
“Given Florida's maturity as a worldwide economic powerhouse in recent years, we have a unique opportunity to lead and chart a path to help Florida become that 'It' State—the place where dynamic and exciting innovations lead the way,” says Chris Corr, Florida Council of 100 Chair.
Hanerfeld, who leased more than 4 million square feet of office space since 2008 when he joined Cushman & Wakefield, will report to Mike DiBlasi, the newly appointed managing director of CBRE's Tampa office, who left Feldman Equities and joined CBRE in February.
Miami-based Flagler Global Logistics, an integrated, third-party logistics provider and real estate developer, already owns 500 acres of land that borders the Turnpike Transfer site, where it is developing Countyline Corporate Park.
Realtors pointed to a 9.6% increase in active single-family home listings (97,195) as a positive sign going forward that will help keep the lid on rising home prices in the Sunshine State.