FALL 2017
PARADISE
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COMMERCIAL REAL ESTATE NEWS BROUGHT TO YOU BY COLDWELL BANKER COMMERCIAL PARADISE
CBC Paradise Closes On $13.5 Million Vacant Land Transaction
Mike serves as the Realtor for the City of Satellite Beach.
Coldwell Banker Commercial Paradise Office Locations FORT PIERCE 411 North US Highway 1 772-460-2081 INDIALANTIC 232 5th Avenue 321-723-9500 PORT ST LUCIE 7202 S US 1 772-460-2081 SEBASTIAN 1209 US Hwy 1 772-778-1801 STUART 2384 NW Federal Hwy 772-301-0600 VERO BEACH 4625 N A1A #3 772-231-4880 VERO BEACH 1950 US Hwy 1 772-778-2029
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Mike and Bea Linda Jaffe REALTORS®
One of the largest commercial development purchases on the East Coast of Florida, a $13.5 million redevelopment site closed in Satellite Beach, announced Coldwell Banker Commercial Paradise of Vero Beach, Florida who represented the Seller.
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Bea Linda & Mike Jaffe, of Coldwell along with the Jaffe Commercial Sold Banker Paradise$13,500,000 SATELLITE BEACH - 27.44 acres, 398 unit redevelopment site JA F F E acre site. It was one of the largest parcels Group, represented the Seller BY of TaH E27.44 CO M M ER CIA L G ROU P remaining on the barrier island with ocean views, beach access, board walks and pavilions. The site was the former Patrick Air Force Base housing that was converted T H E JA F F E CO M M ERCIA L G ROU P to a private rental community known as Satellite Shores. site| Bea.Jaffe@ColdwellBanker.com is the last tract of BEA JAFFEThe | 321.213.5885 PARADISE MIKE JAFFE | 321.258.3443 | Michael.Jaffe@ColdwellBanker.com land consisting of Planned Unit Development zoning with a buildable height of 85 232 5TH AVENUE, INDIALANTIC, FL 32903 • 321-723-9500 feet and density for 398 units. The property is located at the NW TRUST corner of A1A and PROVEN RESULTS CBC.FLCOLDWELLBANKER.COM Shearwater Parkway, opposite High Tower Beach, Satellite Beach, FL. REPRESENTED BY:
Top 6% of Coldwell Banker Agents Internationally
Coldwell Banker Commercial Paradise has been working closely with community redevelopment projects throughout the Treasure and Space Coast and is the exclusive real estate brokerage firm for the City of Satellite Beach. “We are honored to help the City of Satellite Beach facilitate this important transaction. This redevelopment project will bring tens of millions of dollars to the City in Ad Valorem Taxes as well as millions of dollars in economic impact to the beach side community,” stated Mike Jaffe. The developer plans to build a very exclusive, high end gated community with price points of over $1 million. The development plan includes luxury two story penthouses of over 4,000 square feet with Atlantic Ocean views. “The Jaffe Commercial Group made a real difference in pulling both sides together for over a year to bring this luxury project to Satellite Beach”, stated Co-owner and Broker of Coldwell Banker Paradise, Steven Schlitt.