1979 to 1980

5300 NW 9th Avenue, Fort Lauderdale

Office Condo-Conversion

325,000 square foot warehouse condominium

Opportunity:  Built in the late-1960’s, the distribution warehouse had been built for the largest furniture chain in Florida and was one of the largest such buildings in South Florida.  Unfortunately, the mid-1970’s recession had forced the company into bankruptcy.  The 325,000 square foot building was acquired from the liquidators in mid-1979. 

Task:  The challenge was to subdivide the vast warehouse into functionally smaller spaces.  More difficult was to convert and market the property into warehouse condominiums as this was still a very new ownership concept. 

Results:  While the project took less than 18 months from beginning to end its sales were completed in 15 months.