us1 shopping center development site...federal hwy, hallandale beach, fl 33009 description- the...

Each office is independently owned and operated.

Sponsored By:

Each office independently owned and operated

US1 Shopping Center Development Site601 N Federal Hwy | Hallandale Bech , Fl 33009

JOHN DEMARCO, [email protected]

Great location, US1, over 60,000 cars per day➢

Adjacent to Casino➢

Can build 60,000 sq ft shopping center, or 260 apartments➢

Liberal Zoning allows almost all uses➢

Could build 400+ room hotel➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS601 N Federal Hwy | Hallandale Bech , Fl 33009

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Analysis

Analysis Date December 2017

Property

Property US1 Shopping Center Development

Property Address 601 N Federal HwyHallandale Bech , Fl 33009

Year Built 2017

Financial Information

All Cash

Purchase Information

Property Type Land

Purchase Price $12,000,000

Lot Size 2.770 acres

Loans

Type Debt Term Amortization Rate Payment LO Costs

All Cash

Income & Expenses Contact Information

John DeMarco, ACP

954-678-8733

[email protected]

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PROPERTY DESCRIPTION601 N Federal Hwy | Hallandale Bech , Fl 33009


Great opportunity to purchase 601 N Federal Highway Hallandale Beach FL 33009. The subject property consists of2.78 acres (120,777 sf) of land located directly on US1 N Federal Highway in Hallandale Beach Florida. Site contains270 feet of us1 frontage, with curb access on all three sides. The existing building is 32,000sf of usable automotive andoffice space with a front showroom.

Liberal zoning allows for almost all uses. Shopping center, 260 unit apartment building, major retail chain, 400+rooms hotel and much more. Included in this package is zoning chart with list of permitted uses.

Call for additional information, excellent opportunity to build a brand new project on US1, one of the hottest andfastest growing areas in the United States.

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PROPERTY PHOTOS601 N Federal Hwy | Hallandale Bech , Fl 33009


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CURRENT DEVELOPMENTS601 N Federal Hwy | Hallandale Bech , Fl 33009

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals. 1 | P a g e

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Current Development Activity

UPDATED SEPTEMBER 2016 The City of Hallandale Beach is a vibrant coastal community, which many developers are seeing as a prime location for investment opportunities. Numerous residential and commercial projects have recently been completed, are under construction, planned or approved by the City. The following is a list of active major construction activities in the City.

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals. 2 | P a g e

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CURRENT DEVELOPMENT LIST

Table of Content Current Development Activity ...................................................................................................................................................................................................... 1

Table of Content ................................................................................................................................................................................................................................. 2

Major Development Projects with Approved Site Plans ...................................................................................................................................................... 3 2000 S. OCEAN DRIVE ................................................................................................................................................ 4 ACCESSO OFFICE BUILDING ................................................................................................................................... 5 BEACON OFFICE BUILDING..................................................................................................................................... 6 DOMUS OFFICE CENTER .......................................................................................................................................... 7 GULFSTREAM POINT ................................................................................................................................................. 8 DIPLOMAT GOLF COURSE ....................................................................................................................................... 9 DREAM TEAM RETAIL ............................................................................................................................................ 10 HALLANDALE ARTSQUARE .................................................................................................................................. 11 HALLANDALE FIRE STATION No. 7 ..................................................................................................................... 12 HALLANDALE OASIS PHASE II ............................................................................................................................. 13 MD CLINICAL MEDICAL OFFICE .......................................................................................................................... 14 NINE HUNDRED ........................................................................................................................................................ 15 O.B. JOHNSON PARK ................................................................................................................................................ 16 OPTIMA OFFICE NORTH ......................................................................................................................................... 17 VILLAGE AT ATLANTIC SHORES ......................................................................................................................... 18

Major Development Projects Currently Under Planning and Zoning Review .......................................................................................................... 19 CHATEAU SQUARE .................................................................................................................................................. 21 CROSSINGS AT HALLANDALE .............................................................................................................................. 22 HALLANDALE BEACH TOWNHOMES ................................................................................................................. 23 HBC MEDICAL CENTER .......................................................................................................................................... 24 ICEBOX CULINARY CENTER ................................................................................................................................. 25 MG100 TOWER .......................................................................................................................................................... 26 PEGASUS PARK PAVILION- MINOR DEVELOPMENT ....................................................................................... 27 PENINSULA TOWER ................................................................................................................................................. 28 V TOWER .................................................................................................................................................................... 29

Recently Completed Major Developments ............................................................................................................................................................................ 30 CVS PHARMACY ....................................................................................................................................................... 31 PEGASUS PARK – VILLAGE AT GULFSTREAM PARK ...................................................................................... 32

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

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Major Development Projects with Approved Site Plans

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2000 S. OCEAN DRIVE 2000 S. Ocean Drive

Development Agreement Commitment Highlights

Beach Nourishment $1,075,000.00

Affordable Housing $ 100,000.00

Bus Shelter $ 40,000.00

Bidirectional Amplifier Antenna $ 50,000.00

OWNER/ DEVELOPER- B and H Fort Lauderdale Beach, LLC

18851 NE 29th Avenue, Suite 1011, Aventura, FL 33180 *

DESCRIPTION- 38 story, 64-unit luxury condominium.

VALUATION- The market value of the project is valued at $140 million. The

cost of construction is approximately $90 million.

STATUS-The Plat application was approved by City Commission on

November 20, 2013. The Major Development application was approved by City

Commission on April 16, 2014. The Site Plan approvals have been extended.

(A solar reflectivity analysis is imminent. Resubmittal of permit plans are

anticipated in the next few weeks. Prototype design of the public beach access

adjacent to the project is pending.)

*Note: Property owner has changed.

New Owner: 2000 OCEAN DRIVE LLC/ KAR Properties

Owner Address: 232 MADISON AVE STE 200 NEW YORK NY 10016 Sold on 10/24/2014

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ACCESSO OFFICE BUILDING 100 N Federal Highway

OWNER/DEVELOPER – Accesso One, LLC 1140 E Hallandale Beach Blvd,

Hallandale, FL 33009

DESCRIPTION – Project consists of a five-story 27,744 square feet office building.

This project is to be constructed on a vacant parcel of 0.969 acres in size. Project

did not go to City Commission based on the new RAC Regulations.

VALUATION - The estimated construction cost is $4,000,000

STATUS – The project was administratively approved on June 23, 2015. The

building permit application have been submitted and building is under construction.

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BEACON OFFICE BUILDING 800 SE 4 Street

OWNER/DEVELOPER- H&M Development

DESCRIPTION- An eight- story office building with 75,860 square feet of office and retail space. VALUATION - The cost of construction is approximately $14 million.

STATUS- The project was Administratively Approved on May 18, 2016. Submittal of

building permits is pending.

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DOMUS OFFICE CENTER 804 S. Federal Highway

OWNER/DEVELOPER – H Development 540 NW 165th Street Road, #310, Miami, FL 33169

DESCRIPTION – Demolition of existing abandoned motel and redevelopment of the site with a 19-story class

“A” building with 13,021 square feet of retail on the first floor and 160,854 square feet of office space.

VALUATION – The estimated construction cost is not available at this time. The estimated market value at

build-out is $65 million.

STATUS – The Site Plan was approved by City Commission on September, 2007. The site plan approval

expires on March 10, 2017. Building permit application has not been submitted at this time.

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GULFSTREAM POINT 918 South Federal Highway


City Park Improvements $700,000.00

Coordinate hiring program w/ HOP. If unable

meet 15% goal of HB residents, fund training

program $1,000 per position. (In-Kind)

$1,000 per position

not filled to meet

15% goal

OWNER/DEVELOPER - Hallandale First, LLC, 100 S. Biscayne Blvd Suite 900 Miami,

FL 33131

DESCRIPTION - A 24- story building inclusive of 297 residential units and a 2,572 square

feet restaurant with a 757 square feet outdoor patio area.

VALUATION - The estimated construction cost is $51 million.

STATUS - The major development/ site plan application was approved by the City

Commission on December 15, 2014. Site plan approval will expire on June 15, 2016. The

building permit application has been submitted and is under review.

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DIPLOMAT GOLF COURSE 500-501 Diplomat Parkway


Improvements Atlantic Shores Blvd. $3,500.000.000

Improvements to Sunrise Park* $50,000.00

Construct a linear park or improve Sunrise Park* $250,000.00

Public Safety Improvements $811,189.00

City Circulator $400,000.00

Diplomat Parkway $350,000.00

Affordable Housing $331,250.00

Sunrise Park $700,000.00

Scholarships ($15,000/year/8yrs) $120,000.00

Mobility Study $40,000.00

Historic Commission $25,000.00

Community Benefit Training/Construction/Permanent $70,000.00

Construct turn lanes HBB & Diplomat Pkwy. $475,000.00

*pursuant to 7/16 amendment

OWNER/DEVELOPER- Diplomat Golf Course Ventures, LLC, 425 N.

Federal Hwy, Hallandale Beach, FL 33009

DESCRIPTION- The Project consists of an expansion of the existing Hotel and Country Club to include three hotel towers with a total of 938 new hotel rooms (keys) and approximately 70,960 square feet of proposed accessory hotel uses excluding the existing 60 room hotel, meeting rooms, conference rooms and spa. A 30 story residential tower with 250 units is also proposed. The existing tennis center will be relocated to the central north end of the golf course and 3 single family homes added to the marina parcel. VALUATION- The estimated construction cost is $650 million.

STATUS- This project was approved by City Commission on March 2,

2016. Submittal of building permit is pending.

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DREAM TEAM RETAIL 11 NE 1st Avenue Hallandale Beach, FL

OWNER/DEVELOPER – Dream Team Developers, LLC 2719 Hollywood Blvd, Hollywood,

Florida 33020

DESCRIPTION – Project consist of one-story building with a total of 1,855 square feet of

commercial space.

VALUATION – The estimated construction cost is approximately $1,000,000.

STATUS – This project was approved by City Commission on September 26, 2016. Site

plan approval will expire March 26, 2018. Submittal of building permit is pending.

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HALLANDALE ARTSQUARE 301-409 N. Federal Highway


Coordinate hiring program with HOP. If unable to meet 15% goal of HBB residents, fund training program. $1000 per position (In-Kind)

$1,000 per position not

filled to meet 15% goal

Install a bus shelter or pay up to

$50,000 (In-Kind)

Install shelter or pay

$50,000

Reconstruction of NE 3rd Street in partnership with CRA.

OWNER/DEVELOPER- Hallandale Land Ventures, LLLP 150 SE 2 AVE #800 Miami

FL 33131

DESCRIPTION- Mixed use Project consisting of 268 multifamily mid-rise units including 8 live/work units in 6-7 story buildings, 90 garden apartments in 3 story buildings, a 2-level parking structure with surface parking, residential amenities, and 12,755 square feet of commercial space. VALUATION- The estimated construction cost is approximately $50 million, and

projected market value is $80 million.

STATUS – The major development/ site plan application was approved by the City

Commission on March 18, 2015. Site plan approvals expire on September 18, 2016.

The building permit application has been submitted and is under review.

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HALLANDALE FIRE STATION No. 7 111 Foster Road

OWNER/DEVELOPER – City of Hallandale Beach, 400 South Federal Highway,

Hallandale Beach, FL 33009

DESCRIPTION – Construction of a new Fire Station, Emergency Operation Center

and Administration Offices for a total of 25,197 sq. ft. to replace and relocate the

existing Fire Station No. 7.

VALUATION - The total project cost is approximately $7.7 million

STATUS – Site plan was approved by the City Commission on January 28, 2015

and building is under construction.



DESCRIPTION – Construction of a new Fire Station, Emergency Operation Center

and Administration Offices for a total of 25,197 sq. ft. to replace and relocate the

existing Fire Station No. 7.

VALUATION - The total project cost is approximately $7.7 million

STATUS – Site plan was approved by the City Commission on January 28, 2015

and expires July 2016.

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HALLANDALE OASIS PHASE II 1000 E. Hallandale Beach Boulevard


Community Benefit Construction/Permanent Workforce $70,000.00


Improvements Hibiscus Road & US1 to 14th Ave. $1,000,000.00

City Circulator $300,000.00

Upgrade to wastewater lift station, force main system and

gravity main.

$1829,000.00

Feasibility Study- Construct R/W between US1 & S.E.

14th Ave.

$60,000.00

OWNER/DEVELOPER - Romagnole Investment Properties, LLC, 407

Lincoln Road # 11C Miami Beach, FL 33139

DESCRIPTION – Project consists of two sites: The applicant requests to amend the approved plans by adding a 200 room hotel and 11,930 square feet of additional commercial use in a 10 and 20 story building to the 1100 EHBB parcel. The 1000 EHBB site will be redeveloped with another 26 story building with 250 residential units and 7,340 square feet of commercial area. The combined properties have a total of 10.08 acres. VALUATION – The construction cost is approximately $115 million with a

projected market value of $160 million.

STATUS – The project was approved by City Commission on May 4, 2016.

Submittal of building permits is pending.

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MD CLINICAL MEDICAL OFFICE 633 Hallandale Beach Blvd

OWNER/DEVELOPER – MD Clinical Medical Office, 911 E.

Hallandale Beach Blvd, Hallandale Beach, FL 33009

DESCRIPTION – Project consist of a 2-story 12,245 square

feet medical office building. This project is proposed to be

constructed on a vacant parcel of property 22,500 square feet

in size.

VALUATION – The estimated construction cost is

approximately $2-3 million Dollars. With an estimated value

at completed construction of $3.9 million dollars

STATUS – The major development/ site plan application was

approved by the City Commission on March 18, 2015. Site

plan approvals expire on September 18, 2016. The building

permit application has not been submitted at this time. A new

development application has been filed by new ownership for

this property.

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NINE HUNDRED 900 S. Federal Highway


Community Benefit Construction/Permanent Workforce $70,000.00


Improvements S.E 9th St. from US1 to S.E. 2nd St. $1,000,000.00

Historic Contribution $25,000.00

Scholarship $25,000.00

Affordable Housing $424,000.00

OWNER/DEVELOPER– Hallandale

Office Towers, LLC, 6001 N.W. 153rd

Street, Suite 110 Hallandale Beach,

FL 33009

DESCRIPTION – Project consist of a

23- story high rise building with 320

residential units, including s request

for assignment of 320 RAC (Regional

Activity Center) units to allow the

residential use, 5,871 square feet of

commercial space, 150 room hotel and

associated parking garage.

VALUATION – The total project cost is

approximately $ 51 Million.

STATUS – The project was approved

by City Commission on June 1, 2016.

Execution of the Development

Agreement is pending.

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O.B. JOHNSON PARK 900 NW 8th Avenue



DESCRIPTION – Redevelopment of OB Johnson Park and the Hepburn Center with

41,984 square feet intergenerational facility to optimize the recreational land use and

services for the City of Hallandale Beach Community.

VALUATION – The total project cost is approximately $14.6 million.

STATUS – The major development/ site plan application was approved by the City

Commission on April 15, 2015 and building is under construction.

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OPTIMA OFFICE NORTH 1010 S. Federal Highway


Community Benefit- Construction Workforce $5,000.00 per position


OWNER/DEVELOPER- I & A Miami, LLC and Star Holding Management, DESCRIPTION- Project consist of 269,566 square feet of office use and, 5,689 square feet of bank space. Class “A” Office, LEED Platinum VALUATION - The cost of construction is approximately $65 million.

STATUS- The project was approved by City Commission on May 18, 2016.

Submittal of building permits is pending.

OWNER/DEVELOPER- I & A Miami, LLC and Star Holding Management, DESCRIPTION- The project includes 269,566 square feet of office use and, 5,689 square feet of bank space. Class “A” Office, LEED Platinum VALUATION - The cost of construction is approximately $65 million..

STATUS- The project is presently under review.

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VILLAGE AT ATLANTIC SHORES 801 N. Federal Highway

OWNER/DEVELOPER- Atlantic Village 1, LLC

DESCRIPTION- Project consist of a two- story commercial center. The project includes 31,144 square feet of retail and office space. VALUATION- The cost of construction is approximately $5 million.

STATUS- The project was Administratively Approved on May 18,

2016 and building is under construction.

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Major Development Projects Currently Under Planning and Zoning Review

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BLUESTEN PARK 501 S.E. 1st Avenue

OWNER/DEVELOPER- The City of Hallandale Beach, 400 S. Federal

Highway Hallandale Beach Blvd, Hallandale Beach, FL 33009

DESCRIPTION- Project consist the redevelop for Bluesten Park to include replacing the Community Center and swimming pool facility per the City Wide Park Master Plan. VALUATION- The cost of construction is approximately $21 million.


MEETING DATES:

Community Meeting- TBA

Planning & Zoning Board Hearing: TBA

City Commission: TBA

MEETING DATES:




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CHATEAU SQUARE 600 E Hallandale Beach Blvd

OWNER/DEVELOPER- Chateau Group, LLC, 1000 E Hallandale Beach Blvd,


DESCRIPTION- Mixed use development consisting of two 40- story high rise buildings with a total of 726 residential units, including a request for assignment of RAC (Regional Activity Center) units to allow the residential use, 137,384 square feet of Retail Use Gross Leasable Area (a total of 336,902 square feet of Gross Floor Area when A/C mall pavilions, hallways, common areas and kiosks areas are included). The Project also includes 99,569 square feet of Gross Floor Area of Office Use and two hotel buildings with a total of a 280 hotel rooms/keys and 14,102 square feet of accessory hotel uses such as, ballrooms and meeting rooms. VALUATION- The cost of construction is approximately $375 million.


OWNER/DEVELOPER- Chateau Group, LLC, 1000 E Hallandale Beach Blvd,


DESCRIPTION- Mixed use development consisting of two 40- story high rise buildings with a total of 726 residential units, including a request for assignment of RAC (Regional Activity Center) units to allow the residential use, 137,384 square feet of Retail Use Gross Leasable Area (a total of 336,902 square feet of Gross Floor Area

MEETING DATES:

Community Meeting was held on December 21, 2015

Planning & Zoning Board Hearing: July 27, 2016

First Reading City Commission: August 18, 216 Second Reading City Commission: TBA

MEETING DATES:

Community Meeting was held on December 21, 2015

Planning & Zoning Board Hearing: July 27, 2016


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CROSSINGS AT HALLANDALE 700 Old Federal Highway/130 S.E. 7th Street

OWNER/DEVELOPER- Hallandale Crossing, LLC DESCRIPTION- Project consist of a seven-story building with 92 residential multi-

family units.

VALUATION - The cost of construction is approximately $10 million.

STATUS- The project is on hold by request of the applicant. The project

application expires and will be closed on September 16, 2016.

OWNER/DEVELOPER- Hallandale Crossing, LLC DESCRIPTION- Project consist of a seven story building with 74 units multi-family.

VALUATION - The estimated construction cost is not available at this time.


MEETING DATES:




MEETING DATES:




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HALLANDALE BEACH TOWNHOMES 901-925 & 920 SW 9th Street

OWNER/DEVELOPER – 99 Hallandale, LLC, 2875 NE 191 Suite 80, Aventura FL

33180

DESCRIPTION – Project consist of 20 townhomes units that inclusive of (8) three-

bedroom units on the northern property and (12) three-bedroom units on the southern

side the project (located on 2 parcels: 901-925 & 920 SW 9th Street).

VALUATION – The cost of construction is $4,228,700.00.

STATUS – The project is presently under review.

OWNER/DEVELOPER – 99 Hallandale, LLC, 2875 NE 191 Suite 80, Aventura FL

33180

DESCRIPTION - A request to construct 20 townhomes units that consist of (8) three-

bedroom units northern property and (12) three-bedroom units on the southern side the

project located on 2 parcels: 901-925 & 920 SW 9th Street.

VALUATION – The construction cost is not available at this time.

MEETING DATES:




MEETING DATES:




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HBC MEDICAL CENTER 411 N. Dixie Highway

OWNER/DEVELOPER- HBC Medical Holding LLC

DESCRIPTION- Project consists of a 3-story commercial building with 25,089 square feet of medical office space. VALUATION The cost of construction is approximately $6.5 million.


MEETING DATES:

Planning & Zoning Board Hearing: Sept. 28, 2016


MEETING DATES:

Community Meeting- May 19, 2016

Planning & Zoning Board Hearing: June 8, 2016

First Reading City Commission: July 6, 2016 Second Reading City Commission: TBA

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ICEBOX CULINARY CENTER 219 N.E. 3rd Street

OWNER/DEVELOPER- Icebox Café RE, LLC

DESCRIPTION- Project consist of 9,300 square feet commercial kitchen/commissary, a 2,100 square feet green house and a 2,700 square feet café dining area. VALUATION The cost of construction is approximately

$1,750,000.00.


MEETING DATES:

Planning & Zoning Board Hearing: Sept. 28, 2016


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MG100 TOWER 100 S Federal Highway

OWNER/DEVELOPER- MG 100 Federal, LLC

DESCRIPTION- Project consist of 30 story mixed-use tower. The project includes 294 rental apartment residence, 4,116 restaurant space and approximately 5,487 square feet of retail space. Conditional Use permit is also requested to allow the residential use on commercial zoned land and allocation of flex and RAC units. Assigning PDD Overlay District to the property is also requested. VALUATION The cost of construction is approximately $80 million.


MEETING DATES:



First Reading City Commission: TBA Second Reading City Commission: TBA

MEETING DATES:



First Reading City Commission: July 6, 2016 Second Reading City Commission: TBA

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PEGASUS PARK PAVILION- MINOR DEVELOPMENT 901 S. Federal Highway

OWNER/DEVELOPER - Gulfstream Park Inc. 901 S Federal Hwy, Hallandale, FL 33009

DESCRIPTION – Project consist of a single-story 2,763 square feet pavilion containing food concession, restroom facilities, and a canopied

outdoor dining area within Pegasus Park. t pavilion containing concession and restroom facilities, and a canopied outdoor dining area within

Pegasus Park.

VALUATION – N/A

STATUS – Plans submitted on June 21, 2016 and are currently under review.

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PENINSULA TOWER 124 S. Federal Highway

OWNER/DEVELOPER- 18590 Development, LLC/ Joseph Dum and Josef Preschel

DESCRIPTION- Project consist of a fifteen-story office building with 144,414 square feet of office and retail space. VALUATION- The cost of construction is approximately $26 million. STATUS- The project is presently under review.

OWNER/DEVELOPER- 18590 Development, LLC/ Joseph Dum and Josef Preschel

DESCRIPTION- Project consist of 14 story office building with 143,096 square feet of office and retail space. VALUATION- The estimated construction cost is not available at this time. STATUS- The project is presently under review.

MEETING DATES:

Community Meeting- June 2, 2016

Planning & Zoning Board Hearing: N/A

Administrative Approval: TBA

MEETING DATES:

Community Meeting- June 2, 2016

Planning & Zoning Board Hearing: N/A

Administrative Approval: TBA

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V TOWER 633 W. Hallandale Beach Blvd.

OWNER/DEVELOPER- HL Hallandale, LLC,

DESCRIPTION- Project consist of a twenty-three story, office building with 119,750 square feet of gross floor area. VALUATION - The cost of construction is approximately $25 million. STATUS- The project is presently under review.

OWNER/DEVELOPER- HL Hallandale, LLC,

DESCRIPTION- A twenty-two story, office building with 113,262 square feet of gross floor area. VALUATION - The cost of construction is approximately $22 million. STATUS- The project is presently under review.

MEETING DATES:

Community Meeting- September 8, 2016



MEETING DATES:




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Recently Completed Major Developments*

(*Projects which have obtained a Certificate of Occupancy (C.O.) or Temporary Certificate of Completion (TCC) in the past 6 months.)

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Recently Completed Major Developments

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CVS PHARMACY 2101 E. Hallandale Beach Boulevard


Traffic Condition Study $ 15,000.00

Rehab of Hallandale Beach Fire Station 90 $ 65,000.00

Installing purple pipe along Three Islands Boulevard to support the City’s re-use initiative, and landscape improvements

$ 50,000.00

Bus Shelters $ 35,000.00

Water Impact Fee $ 6,930.65

Maintenance of abutting canal end $ 50,000.00

City's Mini bus system $ 25,000.00

Contribution for removal of the exotic species along Three Islands Boulevard and replacement landscaping

$ 65,000.00

OWNER/DEVELOPER – CVS 10078 FL, LLC/CPH Engineers Inc.

1992 SW 1st Street, Miami, FL 33135

DESCRIPTION – A 14,290 square foot CVS Pharmacy Store.

VALUATION – The estimated construction cost is $1.4 million.

STATUS–Development application was approved by City

Commission on May 7, 2014. The building permit has been issued and

the project received it C.O. February 16, 2016.

OWNER/DEVELOPER – CVS 10078 FL, LLC/CPH Engineers Inc.

1992 SW 1st Street, Miami, FL 33135

DESCRIPTION – A 14,290 square foot CVS Pharmacy Store.

VALUATION – The estimated construction cost is $1.4 million.

STATUS–Development application was approved by City

Commission on May 7, 2014. The building permit has been issued and

the project is now completed.

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Recently Completed Major Developments

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PEGASUS PARK – VILLAGE AT GULFSTREAM PARK 901 S. Federal Highway

OWNER/DEVELOPER - Gulfstream Park Inc. 901 S Federal Hwy, Hallandale, FL 33009

DESCRIPTION - Construction of a monumental 110 feet tall bronze statue of the winged horse, Pegasus, in a park-like setting at the Village at

Gulfstream Park.

VALUATION - The estimated construction cost is $ 20 million.

STATUS – The application was approved by the City Commission on November 20, 2013. An addition of Carousel, Kiddie- coaster, Concession

Stand and Restrooms forthcoming as a proposal. The statue and park has received a Temporary Certificate of Completion (TCC).

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MAPS AND AERIALS601 N Federal Hwy | Hallandale Bech , Fl 33009


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LOCATION MAP601 N Federal Hwy | Hallandale Bech , Fl 33009


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SURVEY601 N Federal Hwy | Hallandale Bech , Fl 33009


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DEMOGRAPHICS601 N Federal Hwy | Hallandale Bech , Fl 33009


Population 1 Mile 3 Mile 5 Mile

Male 9,789 (48.74 %) 73,684 (47.73 %) 167,678 (47.59 %)

Female 10,297 (51.26 %) 80,706 (52.27 %) 184,637 (52.41 %)

Total Population 20,086 154,390 352,315

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 883 (4.40 %) 6,655 (4.31 %) 16,926 (4.80 %)

Ages 5-9 1,083 (5.39 %) 8,489 (5.50 %) 21,630 (6.14 %)

Ages 10-14 971 (4.83 %) 7,926 (5.13 %) 20,333 (6.14 %)

Ages 15-19 903 (4.50 %) 7,401 (4.79 %) 19,353 (5.49 %)

Ages 20-24 936 (4.66 %) 7,354 (4.76 %) 19,160 (5.44 %)

Ages 25-29 992 (4.94 %) 7,455 (4.83 %) 19,016 (5.40 %)

Ages 30-34 1,098 (5.47 %) 7,980 (5.17 %) 19,626 (5.57 %)

Ages 35-39 1,217 (6.06 %) 9,065 (5.87 %) 21,351 (6.06 %)

Ages 40-44 1,371 (6.83 %) 10,359 (6.71 %) 23,589 (6.70 %)

Ages 45-49 1,520 (7.57 %) 11,366 (7.36 %) 25,228 (7.16 %)

Ages 50-54 1,481 (7.37 %) 11,285 (7.31 %) 24,920 (7.07 %)

Ages 55-59 1,412 (7.03 %) 10,748 (6.96 %) 23,441 (6.65 %)

Ages 60-64 1,261 (6.28 %) 9,831 (6.37 %) 21,130 (6.00 %)

Ages 65-69 1,105 (5.50 %) 8,661 (5.61 %) 18,265 (5.18 %)

Ages 70-74 960 (4.78 %) 7,533 (4.88 %) 15,517 (4.40 %)

Ages 75-79 832 (4.14 %) 6,496 (4.21 %) 12,858 (3.65 %)

Ages 80-84 670 (3.34 %) 5,209 (3.37 %) 10,013 (2.84 %)

Ages 85+ 1,391 (6.93 %) 10,577 (6.85 %) 19,959 (5.67 %)

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DEMOGRAPHICS601 N Federal Hwy | Hallandale Bech , Fl 33009


Household Income 1 Mile 3 Mile 5 Mile

Median Income $36,282 $48,752 $48,581

Less than $10,000 1,053 6,385 13,210

$10,000 -$14,999 900 4,421 9,595

$15,000 - $19,999 790 4,831 9,379

$20,000 -$24,999 460 4,225 8,789

$25,000 - $29,999 1,069 4,403 9,597

$30,000 - $34,999 685 3,745 8,547

$35,000 - $39,999 781 3,857 8,167

$40,000 - $44,999 625 4,109 7,996

$45,000 - $49,999 378 3,001 7,045

$50,000 - $59,999 745 5,339 12,374

$60,000 - $74,999 642 6,075 14,534

$75,000 - $99,999 627 7,165 15,501

$100,000 - $124,999 365 4,449 9,437

$125,000 - $149,999 198 2,603 4,573

$150,000 - $199,999 178 2,390 4,478

Greater than $200,000 16 3,235 6,174

Housing 1 Mile 3 Mile 5 Mile

Housing Units 13,280 98,923 198,670

Occupied Units 10,030 71,852 151,853

Owner Occupied Units 4,988 42,350 90,151

Renter Occupied Units 5,042 29,502 61,702

Vacant Units 3,250 27,071 46,817

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 13,135 119,251 237,771

Population Black 5,688 26,120 91,496

Population Am In/Ak Nat N/A 38 92

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ZONING601 N Federal Hwy | Hallandale Bech , Fl 33009


ZONING We were informed by the City of Hallandale Beach Planning and Zoning Department that the Subject has recently been rezoned to Central RAC district. The majority of the site lies within the Corridor Sub-district and the westernmost ±32,256 SF lies within the Neighborhood Sub-distict. Previously, the Subject was zoned B-G, a general commercial zoning, along Federal Highway and RM-18, a primarily multi-family zoning, in the western portions. According to the City’s Ordinance No. 2014-31 the purpose and intent of the Central RAC district “is to guide the redevelopment of land within the boundaries of the RAC land use category and the surrounding properties into a vibrant area that (a) provides a mix of uses within a pedestrian-friendly environment to meet the daily needs of workers, residents, and visitors; (b) encourages higher densities and intensities within a half-mile of the planned commuter rail station; (c) establishes a desirable residential location with a variety of housing types to accommodate a diverse population; (d) promotes the optimum use of transit by maintaining and enhancing a continuous inter-connected network of pedestrian and bicycle friendly streets; (e) provides public open space in the form of parks, plazas, and greens; and (f) encourages investment by accommodating new development at a range of scales including individual infill buildings and large redevelopment projects.” The Ordinance describes the Corridor Subdistrict as “the most intense subdistrict in the RAC, accommodating a wide range of uses, including major employment, shopping, civic, and entertainment destinations as well as residential uses. Located along wide, existing commercial corridors, this subdistrict will have the largest scale of redevelopment and will create a vibrant, pedestrian-friendly, mixed-use district along main transit routes, in close proximity to the planned Tri-Rail Coastal Link station.” The RAC Neighborhood Subdistrict is a zoning district which provides for a wide range of residential building types to meet the demands of a diverse community. These residential building types include houses, duplexes, townhouses, apartment houses, and courtyard buildings.

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Central RAC Zoning Map showing Subdistricts and Subject Location

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As can be seen above, the Central RAC Corridor Subdistrict is a liberal zoning district with allowable uses that include multi-family, lodging, office, and retail. The base building height limit is 10 stories with maximum height limit being 20 stories. The base density for this district is 18 dwelling units (du) per acre and the maximum density is 70-90 du per acre. The maximum height and density allowance is based on performing criteria and approval processes. The Neighborhood Subdistrict is basically a residential (single family and multifamily district. The base density for this subdistrict is 14 du/acre with a max of 20 du/acre. The majority of the Subject site lies within the Corridor subdistrict which is considered liberal and in no way appears to be restrictive to functional development of the site. Feasible uses include multi-family, office, and retail uses. Any use of the subject site must meet all physical requirements (setbacks, building height etc) and would still be subject to site plan approval from the City of Hallandale Beach. For a complete description of the zoning district, including all permitted uses and development standards, consult Ordinance No. 2014-31 or the City of Hallandale Beach Planning and Zoning Department.

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us1 shopping center development site...federal hwy, hallandale beach, fl 33009 description- the...

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