Firm’s Jaime Sturgis is listing the Federal Highway site for $12.5 million
Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, is marketing one of the last development sites on downtown Fort Lauderdale’s Federal Highway corridor for $12.5 million. Firm Founder and CEO Jaime Sturgis is listing the 150 N. Federal Hwy. property.
The 0.78-acre site is walking distance to many of the city’s most popular bars and restaurants on Las Olas Boulevard and in Flagler Village. It is just down the street from Virgin Trains USA’s Fort Lauderdale station.
Existing zoning potentially allows for hotel with up to 212 rooms, residential with up to 109 units or a 12-story mixed-use development.
“You could not ask for a more well-positioned development site at the gateway to downtown Fort Lauderdale,” Sturgis said. “We anticipate substantial interest in this offering given the scarcity of such properties in the city’s urban core.”
Sturgis and Native’s Dan Ross are also exclusively marketing one of the last available land assemblages in Flagler Village. The 600, 614 and 618 NE Third Ave. and 313 NE Sixth St. assemblage is priced at $7.7 million and has zoning that allows for a wide variety of development up to 150 feet.
Last month, Sturgis closed the $2.4 million sale of the 1.21-acre site of the Fourth Avenue Church of God in the city’s emerging 13th Street neighborhood. He represented the buyer, Eduardo Pelaez’s Wellmeaning Investments, in the transaction. Pelaez’s company plans a substantial adaptive re-use project with a food hall and additional retail and entertainment uses.
Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.
About Native Realty: Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty is disrupting the real estate industry and redefining what it means to be a broker. Sturgis and his team of passionate brokers specialize in leasing and investment sales in the urban core and emerging markets in South Florida. Instead of looking at individual listings and transactions in a vacuum, Native takes a holistic approach to the urban neighborhoods the company’s brokers live, work and play in. The firm is best known for its role curating Fort Lauderdale’s Flagler Village neighborhood, completing more than 750,000 square feet in transactions in the last few years. It is now expanding its placemaking efforts to urban core neighborhoods throughout South Florida. Native works with all types of clients, from Fortune 500 companies to small businesses. Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native is headquartered in the heart of Flagler Village at 719 NE Second Ave. For more information, visit www.nativere.com.
