Firm’s Tony Arellano and Devlin Marinoff to handle retail and office leasing at popular entertainment, racing and gaming destination in Hallandale Beach
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff obtained another prestigious assignment, as the power brokers were named exclusive leasing representatives for The Village at Gulfstream Park & Casino in Hallandale Beach. Arellano and Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
Gulfstream Park, owned and operated by 1/ST, is one of South Florida’s premier gaming, entertainment and horse racing destinations. The venue is home to the annual Pegasus World Cup, featuring two of North America’s richest Thoroughbred horse races, the Florida Derby and many other high-profile racing and entertainment events. Uniquely designed as a sports-anchored entertainment destination, the pedestrian friendly Village at Gulfstream Park features open-air retail and entertainment, high-end shops, internationally known restaurants, art galleries and more.
DWNTWN will apply its dealmaking prowess and established reputation as market leaders to the new Village at Gulfstream Park assignment.
The firm is known for its pivotal role in the evolution of Miami’s Wynwood and other urban core neighborhoods. It has participated in more than $350 million in investment and development sales in Wynwood over the last few years. Arellano has completed more than 150 leases in Wynwood over the course of his career, fueling the neighborhood’s transformation from an overlooked, largely neglected collection of old industrial buildings into a vibrant hub for arts and culture, retail, restaurants and nightlife.
“This is the perfect time to launch our leasing campaign for the Village at Gulfstream Park,” Arellano said. “The demand for Class A, well-located commercial real estate with ample parking in South Florida is at an all-time high, and this venue is uniquely suited to accommodate tenants seeking to be where the action is.”
“DWNTWN Realty shares in our company’s forward-thinking vision for the revitalization of the Village at Gulfstream Park as the sports-anchored entertainment destination of choice in South Florida,” said Jimmy Vargas, Chief Executive Officer, 1/ST EXPERIENCE. “We are pleased to be working with DWNTWN to bring high-end entertainment, food and beverage, retail, art and office spaces to the Village that will attract and engage our customers and guests in exciting new ways.”
Gulfstream Park also features a two-story casino with more than 700 Las Vegas-style slots including electronic table games; 20 live action table games with stakes ranging from casual to ultra-high; and compelling promotions.
Hallandale Beach, led by the Federal Highway corridor, is experiencing significant growth and development activity to make the area even more desirable. Its central location is particularly attractive to professionals, residents, and visitors, with proximity to Fort Lauderdale International Airport, Port Everglades and nearby affluent cities.
“The City of Hallandale Beach has come a long way in recent years and still has tremendous potential,” Marinoff said. “Leading developers like Related Group and KAR Properties are delivering ultra-luxury residential product that the area previously never had. The overall activity is creating a critical mass that makes the Village at Gulfstream Park even more enticing for retailers, food-and-beverage operators and office users.”
About DWNTWN Realty Advisors
Founded by seasoned real estate professionals Devlin Marinoff and Tony Arellano, DWNTWN Realty Advisors is a leading commercial real estate brokerage based in Miami. The firm’s brokers have an unparalleled depth of knowledge about the urban core neighborhoods and other markets they serve. DWNTWN operates with a unique territory-based approach, as each broker brings a specific product and market specialty to the firm. With 50-plus years of combined experience and more than 500 completed deals totaling more than $2 billion in transactional volume, DWNTWN brings institutional quality advisory services to middle-market clients. The firm focuses on transactions ranging from $3 million to $20 million, with a data-driven approach to generating optimal solutions for clients. For more information, visit www.dwntwnrealtyadvisors.com.
About Gulfstream Park & Casino
Located at 901 South Federal Highway in Hallandale Beach, Florida, Gulfstream Park & Casino, owned and operated by 1/ST, the consumer facing brand of The Stronach Group, has been one of the most important venues for horse racing in the country since 1939. In addition to thoroughbred racing, Gulfstream Park offers two floors of high-energy casino gaming entertainment. Level 1 provides the perfect combination of racing simulcasting, poker, and slots, while Level 2 showcases even more slot games, live entertainment, and interactive promotions. Gulfstream guests can enjoy more than 700 Las Vegas-style slots including electronic table games; 20 live action table games with stakes ranging from casual to ultra-high; and captivating promotions and tournaments. Ideally located between Fort Lauderdale and Miami International Airports and just one mile from the Atlantic Ocean, Gulfstream Park and The Village at Gulfstream Park comprise South Florida’s premiere entertainment destination, with an open-air mall, an international array of restaurants, world-class art galleries, a bowling alley, outdoor cafes and nightclubs, fashion boutiques, health and beauty services, and more. For more information about Gulfstream Park & Casino, please visit gulfstreampark.com.
About The Stronach Group and 1/ST
The Stronach Group is a world-class technology, entertainment and real estate development company with Thoroughbred horse racing and pari-mutuel wagering at the core. The company’s consumer facing brand 1/ST (pronounced “First”) powers The Stronach Group’s forward-thinking 1/ST RACING, 1/ST CONTENT, 1/ST TECHNOLOGY, 1/ST EXPERIENCE, and 1/ST PROPERTIES businesses, while advocating for and driving the 1/ST HORSE CARE mission. 1/ST represents The Stronach Group’s continued movement toward redefining Thoroughbred horse racing and the ecosystem that drives it. 1/ST RACING drives the best-in-class horse racing operations at the company’s premier racetracks and training centers including: Santa Anita Park, Golden Gate Fields and San Luis Rey Downs (California); Gulfstream Park – home of the Pegasus World Cup Championship Invitational Series, Gulfstream Park West and Palm Meadows Thoroughbred Training Center (Florida); the Maryland Jockey Club at Laurel Park, Pimlico Race Course – home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center (Maryland). 1/ST CONTENT is the newly formed operating group for all of 1/ST’s media and content companies including: Monarch Content Management, Elite, GWS and XBTV. 1/ST TECHNOLOGY is horse racing’s largest racing and gaming technology company offering world-class products via its AmTote, Xpressbet, 1/ST BET, XB SELECT, XB NET, PariMAX and Betmix brands. 1/ST EXPERIENCE blends the worlds of sports, entertainment and hospitality through innovative content development, elevated national and local venue management and hospitality, strategic partnerships, sponsorships, and procurement development. 1/ST PROPERTIES is responsible for the development of the company’s live, work and play communities surrounding its racing venues including: The Village at Gulfstream Park (Florida) and Paddock Pointe (Maryland). As the advocate for critical industry reforms and by making meaningful investments into aftercare programs for retired horses and jockeys, 1/ST HORSE CARE represents The Stronach Group’s commitment to achieving the highest level of horse and rider care and safety standards in Thoroughbred horse racing on and off the track. For more information, please visit www.1st.com.
