Colliers, representing the City of Margate, Florida and the Margate Community Redevelopment Agency, is searching for experienced real estate developers and investors to enter into a long-term ground lease for up to fifty acres of prime land. This opportunity is ideal for constructing Margate’s future “downtown,” a dynamic mixed-use project situated on the 441 corridor in central Margate.
The selected candidate will transform vacant land and government buildings into a thriving downtown community. The bid process details are available on Collier’s website. The properties have been zoned for 980 residential units, 500 hotel rooms, 1.28 million square feet of retail space, 861,331 square feet of office space,and309659squarefeetofindustrialspace.BidsshouldbesubmittedbyAugust13th2024.
Assisting with this process are Colliers’ Brooke Mosier,Ken Krasnow , Mark Rubin ,and Bastian Schauer . Don’t miss out on this exciting opportunity to help revitalize downtown Margate!
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