Colliers is representing the City of Margate in seeking qualified real estate developers for a long-term ground lease opportunity on up to fifty acres of prime developable land in Margate’s City Center. Situated along the 441 Corridor in the heart of Margate, this large-scale mixed-use project presents an exceptional placemaking opportunity that will offer residents an ideal live, work, and play environment. Colliers Vice Chair Ken Krasnow, Associate Vice President Brooke Mosier, Vice President Bastian Schauer, and Executive Vice President Mark M. Rubin represent the City of Margate in marketing the property.
The city/CRA-owned sites, totaling 51.38 acres, are strategically positioned along State Road 7 between Atlantic Boulevard and Royal Palm Boulevard. These parcels boast flexible mixed-use zoning, excellent visibility, and ample frontage, offering unparalleled connectivity via Florida’s Turnpike and Sawgrass Expressway.
“The city envisions this as a transformative project that will establish a premier destination blending dining, leisure, residences, retail, and vibrant public spaces,” said Krasnow. “This is a unique offering as one of the last substantial undeveloped plots in Broward County, making it a truly exceptional venture.”
The City of Margate envisions the project as a continued development of a diverse, vibrant, and pedestrian-friendly community focused on incentivized public components and creative funding opportunities. The project will provide a dynamic setting for businesses, the visiting public, arts/ entertainment, and residents.
“This development aims to establish a vibrant downtown with a central gathering space or town square for community events with an activated waterfront,” said Mayor Tommy Ruzzano. “The goal is to create a place for communal, dining and entertainment, complemented by a mix of residential, office, and hospitality space. By incorporating a diverse mix of retailers and restaurants, the project will establish the city as a high-quality destination point.”
Municipalities across South Florida are proactively enhancing their city’s amenities to cater to the increasing influx of a diverse mix of residents. These strategic investments capitalize on the state’s continuous population growth. For instance, Oakland Park’s plans for the Sky Building and Horizon of Oakland Park developments are redefining the city’s landscape. Spearheaded by a groundbreaking public-private partnership, the Sky Building is a transformative mixed-use complex, blending residential, a new City Hall, and retail spaces to invigorate the local economy. Meanwhile, Horizon of Oakland Park, on the site of the current City Hall, is poised to become a vibrant mixed-use destination, boasting top-notch residential options, cutting-edge commercial facilities, a commuter train station, lush urban spaces, and ample public parking.
Similarly, Miramar’s Town Center development underscores a commitment to civic and private integration by incorporating essential amenities like a new City Hall, public library, cultural center/arts park, retail, office, and residential units. These forward-looking initiatives mirror the broader trend of South Florida’s growth, attracting an influx of new residents with tax incentives and a high quality of life, increasing the state’s population to more than 6.2 million in 2023, a 12.1 percent increase since 2010.
Colliers and the City of Margate have launched the request for proposals process outlining the submittal requirements related to the project. Let us know if we can put you in touch with Associate Vice President Brooke Mosier to provide further information on the project.
