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1000 N State Rd 7 - Placemaking Opportunity ~50 AC Margate City
50 Acres of Commercial Land in Margate, FL 33063
Investment Highlights
- Positively influence and accelerate the redevelopment of Margate’s City Center
- Display a willingness to incorporate sustainability design elements and construction materials
- Engage in meaningful public participation
- Demonstrate organizational capacity and access to capital
- Create a new Civic Center, including a new City Hall, Library, and Community Center
- Hold a track record of completing projects of similar size and scope within a reasonable time frame and consistent with financial projections
Executive Summary
construction of Margate’s future “downtown”, a large scale, mixed-use project located on the 441 corridor in the heart of Margate.
The successful proposer will develop a plan that demonstrates an understanding of the City’s desired development concept. Proposers must demonstrate organizational/team capacity, experience with high quality design and construction, access to capital (equity and debt), the ability to engage in meaningful public participation, a willingness to incorporate sustainability design elements and Construction materials, strong and respectful relationships with state and local environmental regulatory agencies, and a track record of
completing projects of a similar size and scope within a reasonable timeframe and consistent with financial projections.
Bids due August 29, 2024 by 2pm. Bids shall be sent via email to brooke.mosier@colliers.com
Property Facts
1 Lot Available
Lot
| Lot Size | 50.00 AC |
| Lot Size | 50.00 AC |
Description
The City-owned sites (twenty-seven parcels) consists of approximately 50 acres along State Road 7 between Atlantic Boulevard and Royal Palm Boulevard. The parcels feature flexible mixed-use zoning, great visibility/frontage, and fantastic access via Florida’s Turnpike and Sawgrass Expressway. The City intends for this project to be a destination offering dining/leisure activities, residences, retail, and activated, public open space. This is truly a one-of-a-kind offering, representing one of the few remaining undeveloped plots of land of this magnitude in Broward County.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,477,570 | |
| Land Assessment | $15,978,090 | Total Assessment | $40,820,040 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 (Residential) |
| R-3 (Residential) |
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Brooke Mosier -
Bastian Schauer -
Kenneth Krasnow -
Mark Rubin -
Colliers
Presented by
1000 N State Rd 7 - Placemaking Opportunity ~50 AC Margate City
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