8456 Commercial

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 8456 Commercial (the “Property” or “Site”), a 5.43-acre in-fill development site with advanced entitlement progress and a clearly defined path to re-approval. The Site’s prime location along the highly trafficked Commercial Boulevard provides investors with the opportunity to develop a premier multifamily asset along a prominent thoroughfare in an established location.

The area is surrounded by major employment centers including Cypress Creek, Fort Lauderdale CBD, and Sawgrass International Corporate Park which collectively boast over 20M SF of office space, and is also within the immediate vicinity of renowned shopping centers and entertainment destinations such as Sawgrass Mills Mall and Amerant Bank Arena. Beyond superior connectivity, The Lauderhill submarket stands to benefit from a limited supply pipeline which, coupled with steady demand, have bolstered market fundamentals driving steady rental rate growth and high occupancy.

8456 Commercial comes with formerly approved development plans for a 265-unit, five-story mid-rise residential community featuring ground-floor retail and restaurant space. Based on direct communication with City staff, a resubmittal of the same or substantially similar plan is expected to progress efficiently through the approval process with limited incremental comments. This rare combination of a site within a strategic infill location facing minimal supply threats and previously approved development plans with a clear path to re-approval creates an exceptional opportunity for development.