City of Dania Beach Unveils Redevelopment Opportunity of City Center Site
Qualified developers sought for “re-imagined City Center”
Dania Beach, March 13, 2019 – As part of an overall Public Private Partnership (“P3”) plan, a city-owned property in the heart of the urban core has been unveiled as an alluring new redevelopment opportunity. Colliers International South Florida, on behalf of the City of Dania Beach, is seeking proposals by qualified developers for a “re-imagined City Center,” to include a new City Hall and commercial complex. The 6.42 acre site has been appraised at $12,310,000 and would provide an open canvas to developers for a multi-year phased development plan with a goal to jumpstart and stimulate redevelopment in the City’s Urban Core.
The proposed project at 100 W. Dania Beach Boulevard is called The First at Dania Beach, and is currently home to the existing City Hall Building of approximately 29,000 square feet. It also incudes a 440 space parking structure that is able to be expanded to 660 spaces by adding two floors. In addition to the existing City Hall, which would be demolished as part of the plan, and rebuilt on the site, the property houses an existing fire station, and two small historic buildings, all of which the City believes can be relocated to other City-owned property leaving the majority of the site available for a complete redevelopment.
“This is a once-in-a-generation opportunity to redevelop one of South Florida’s last remaining undeveloped Urban Cores,” said Ken Krasnow, Vice Chairman of Institutional Client Services with Colliers International South Florida. “By leveraging a P3 approach, the City would gain new public facilities in addition to a mixed-use development that would serve a growing need and stimulate the renaissance of Dania Beach.”
The growing population in Dania Beach has been a factor in the growing need for mixed-use space: the city has seen 8.1% population growth since 2010, higher than the national average, with millennials being the fastest-growing population, growing at 2.7 times the national average.
“This rare opportunity allows prospective developers to partner with the City and get creative to address a growing need without large upfront land acquisition costs,” said Colliers International South Florida broker Bradley Arendt, who is marketing the property for the City along with colleagues Mika Mattingly and Brooke Berkowitz. “The site could accommodate 1.4 million square feet of new building space, creating great potential for multiple uses, including retail and apartments.”
The submission deadline for this offering is May 30, 2019.