Atlantic Village building in Hallandale Beach 89% leased
Atlantic Village in Hallandale Beach
More than a dozen tenants can start building out their spaces within the third phase of Atlantic Village after the 130,000-square- foot Hallandale Beach commercial building received its certificate of completion.
Located at 601-801 N. Federal Highway, the third phase of Atlantic Village includes 65,000 square feet of office and 65,000 square
feet of retail. The Class-A office portion is nearly 80% leased while the retail portion is 98% leased, said Daniel Chaberman, a developer with Mexico City-based Grupo Eco.
Among the companies that secured space within Atlantic Village’s third phase include:
Key Point Academy (11,541 square feet), a private pre-K school that already operates in Coral Gables and Miami’s Brickell neighborhood. The new space will open in the fall, according to Key Point’s website.
The Worx (10,911 square feet), the second location for an Orlando- based cowork company.
Juvia Group (10,000 square feet), a Miami Beach-based hospitality company that operates six restaurants and bars in South Florida including Juvia Miami on Lincoln Road and Sushi Garage in Sunset Harbour and Fort Lauderdale’s Las Olas corridor.
54D (8,086 square feet), a fitness chain founded by former professional soccer player Rodrigo Garduño that has locations in Coral Gables, the Miami Design District, Mexico City, and Bogota. Drunken Dragon (7,797 square feet), a sequel to the Korean barbecue-inspired restaurant that operates in Miami Beach’s Alton Road corridor.
Milano Beauty Studios (5,263 square feet).
Attar Global Cuisine (3,515 square feet), a restaurant concept from Aventura-based Reunion Ktchn Bar.
Wagyu Bar (2,681 square feet), the second location for the casual steakhouse restaurant on Miami’s Coral Way corridor.
Ferraro’s Kitchen (2,577 square feet), the second edition of Chef Igor Ferraro‘s Italian restaurant that operates in downtown area. Mitch’s Downtown Bagel Cafe (1,985 square feet), a second place for the Fort Lauderdale deli.
Temakase (1,622 square feet), a New York-based sushi restaurant. El Primo Red Tacos (1,625 square feet), a second spot for the taco and burger restaurant that now operates in Downtown Miami.
HotWorx (1,599 square feet), a national fitness chain where people exercise in hot temperatures.
Holy Shakes (1,067 square feet), a shake establishment that has a location in Doral and another in Boca Raton.
Genia’s Keratin Spa (1,370 square feet), a hair salon that now operates in Westin that provides keratin hair treatments.
Le Maison H (2,294 square feet), described as a “concept store” in Group Eco’s release.
Zen Zone (2,086 square feet), a beauty and beauty salon.
The Spot Barbershop (1,360 square feet), a Coral Gables-based barbershop chain with 17 locations in Miami-Dade and five in Broward.
Chaberman said he negotiated directly with the incoming office and retail tenants. In the office lease negotiations Chaberman collaborated with Barrett Wolf of Wolf Co. Real Estate.
Atlantic Village is a phased 203,000-square-foot office project that is being developed by Grupo Eco on eight acres of land. Its first two phases consisted of shopping centers and a boutique office building, Chaberman said. Available office and retail space within the complex was advertised at between $40 and $60 per square foot on LoopNet.com.
Grupo Eco and Aventura-based The Apollo Companies are collaborating on Atlantic Village’s fourth phase: a 12-story office condo, designed by Fort Lauderdale-based architecture firm Synalovski Romanik Saye, where space is being sold at between
$650 and $700 per square foot.
South Florida’s commercial real estate market has prospered since the pandemic as high-income households and companies flocked to the region from other parts of the U.S. As of 2022, most of South Florida’s retail space was occupied, according to a recent report from JLL.
But higher interest rates, a looming recession, and uncertainty over the future of in-person office work has made the future of South Florida’s office sector more uncertain.