TGM Acquires Eighth Multifamily Apartment Community in Florida and First in Fort Lauderdale
NEW YORK, March 21, 2019 /PRNewswire/ -- TGM announced today the acquisition of TGM Harbor Beach, a waterfront, mid-rise style apartment community with 394 units in Fort Lauderdale, FL.
The waterfront community was completed in 2017 and is located on 3.8 acres, with its leasing office located at 1721 SE 17th Street. TGM Harbor Beach is immediately surrounded by quality walkable retail and lifestyle amenities. The property is in close proximity to major employment centers in downtown Fort Lauderdale and throughout Broward County. Harbor beach is located on the 17th Street corridor which represents an alternative to downtown Fort Lauderdale due to its superior connectivity to area highways, Fort Lauderdale International Airport, Port Everglades and the beaches.
The property's expansive studio, one- and two-bedroom apartments weave modern convenience with upscale finishes, with an average unit size of 912 square feet. Interior finishes include granite countertops, soft-close cabinets, tumbled marble backsplashes, front control range stoves, pendant lighting, and porcelain tile flooring. All units include a front-loading washer and dryer and modern ceiling fans in living rooms and bedrooms. A number of the apartments have sweeping views of the intracoastal, downtown Fort Lauderdale and the Atlantic Ocean.
The property offers exceptional amenities with abundant options including a resident lounge with gourmet demonstration kitchen and private dining area, coffee bar, media center with plush stadium seating, well-equipped athletic club with boxing and yoga studio overlooking the ocean, multiple outdoor living spaces including a putting green, billiards, lounges, grilling areas, bark park and luxury poolside cabanas. The property is situated along the Seminole Canal with over 400 linear feet of frontage along the water. It is one of only seven existing apartment assets with water frontage in Broward County.
"TGM Harbor Beach represents a unique opportunity to expand TGM's footprint on the east coast of Florida with the addition of our second waterfront community. Situated in the heart of the world's largest yacht mecca, every detail was carefully selected at TGM Harbor Beach resulting in the merger of inspirational waterfront living and architecture. The property's location on the 17th Street corridor offers convenient access to the beaches, downtown Fort Lauderdale, the Airport and Port Everglades," said Zach Goldman, Managing Principal and Director of Operations for TGM. TGM Harbor Beach is managed by TGM's property management company, TGM Communities. Also owned and managed by TGM in Florida are TGM Oceana (Boca Raton), TGM Bay Isle (St. Petersburg), TGM Ibis Walk (St. Petersburg), TGM Palm Aire (Sarasota), TGM University Park (Sarasota), TGM Bermuda Island (Naples) and TGM Malibu Lakes (Naples).
TGM Harbor Beach, formerly known as Broadstone Harbor Beach, was marketed by Cushman & Wakefield's Florida Multifamily Institutional Properties Group led by Robert Given.
About TGM
Founded in 1991, the TGM Group ("TGM") was organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of March 1, 2019, TGM has invested approximately $3.2 billion in 136 multifamily properties throughout 28 states.
To learn more about TGM please contact John Gochberg, Managing Principal and Chief Executive Officer. Phone: (212) 830-9312, Email: [email protected]
SOURCE TGM
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