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South Florida real estate projects in the pipeline for the week of Jan 8, 2021

South Florida real estate projects in the pipeline for the week of Jan 8, 2021
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

Apartment developer pays $20M for furniture store block at Broadway, Evans

Apartment developer pays $20M for furniture store block at Broadway, Evans BizDen file) It’s time to pack up the furniture. Dallas-based Trammell Crow Residential earlier this month paid $20 million for the entire block at the southwest corner of the intersection of Broadway and Evans Avenue, according to public records. The lot was sold by the Helmstaedter family, which operated EMW Carpets & Furniture on about half the block before its closure in recent weeks. Brokers Wade Fletcher, Mike Kboudi, Jim Capecelatro and Joey Dybevik of Cushman & Wakefield represented the seller. Englebert H. Wagenblast and his wife Elizabeth Mary Wagenblast, whose initials formed the name of the business, started EMW from their home at the site in 1923, according to the company’s website. The store had been owned by the same family since inception.

Plano apartments sell in $300 million mixed-use development

Plano apartments sell in $300 million mixed-use development The Alexan Legacy Central rental community is part of the 84-acre project on U.S. 75. The Alexan Legacy Central apartments were completed in early 2020.(Trammell Crow Residential) An apartment community in one of Plano’s most successful mixed-use developments has changed hands. A unit of California-based Fairfield Residential has purchased the Alexan Legacy Central apartments on U.S. Highway 75. The five-story rental community is part of the $300 million Legacy Central office, retail and residential complex at the southwest corner of Legacy Drive and North Central Expressway. Built by Trammell Crow Residential and designed by JHP Architecture, the 385-unit apartment property was completed early this year. The new owner has renamed the property Jada Legacy Central.

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