Bridge Development Partners Breaks Ground on 220,000+ SF Bridge Point Riverbend in Fort Lauderdale
Joined by Fort Lauderdale Mayor Jack Seiler and Commissioner Robert L. McKinzie, the Bridge Point Riverbend owner and development team recently held a groundbreaking ceremony. Scheduled for completion in the third quarter of 2018, the 221,542-square-foot state-of-the-art industrial building will be developed at the intersection of I-95 and Broward Boulevard in Fort Lauderdale, Fl.
Pictured here are (from left to right): Brian Latta, Vice President, Bridge Development Partners; Chuck Rugila, Superintendent, PREMIER Design + Build Group; Nectaria Chakas, partner with Lochrie & Chakas, PA; Robert Lochrie III, partner with Lochrie & Chakas, PA; Kevin Carroll, a principal with Bridge Development Partners; Robert L. McKinzie, Fort Lauderdale City Commissioner; Fort Lauderdale Mayor Jack Seiler; Eddy Santamarina III, Development Manager, Bridge Development Partners; Michael Stellino, Managing Director of Development, Elion Partners; Kaylee McCall Correa, Corporate Communications Manager, Elion Partners; Ed Lebak, General Superintendent, PREMIER Design + Build Group; and Adianez Lugo, Project Manager, PREMIER Design + Build Group.
“This is our second project with Bridge Development Partners in Commission District III,” said Fort Lauderdale City Commissioner Robert L. McKinzie. “Bridge Point Riverbend represents a major investment in our community and continued job growth.”
Fort Lauderdale Mayor Jack Seiler added, “The City of Fort Lauderdale appreciates investment in smart, sustainable projects like Bridge Point Riverbend. It’s critical in driving our economic engine forward.”
Bridge Point Riverbend is a joint venture project between Bridge Development Partners, recently recognized as NAIOP’s Developer of the Year in South Florida; Akard Street Partners, L.P., an investment partnership operated by Banner Oak Capital Partners, L.P.; and Elion Partners, a Miami-based real estate investment group. The joint venture acquired the 12-acre site in July for $10.4M and secured $16.56 million in financing to develop the project.
Located at 2201 West Broward Boulevard, Bridge Point Riverbend is a speculative industrial development project that will feature 32’ clear ceiling heights, rear-dock loading, ESFR sprinkler systems, a 1.4/1,000 parking ratio and the flexibility to accommodate tenants from 40,000 square feet. The strategically located facility offers easy access to South Florida’s major transportation arteries with immediate proximity to Fort Lauderdale-Hollywood International Airport and Port Everglades, and just a short 30-minute drive to Miami.
For more information on Bridge Point Riverbend or to schedule a property tour, please contact Colliers International’s Steven Wasserman at (954) 850-6487.
