FORT LAUDERDALE, FLA. — Miami-based Colliers International South Florida has completed the sale of the 3.67-acre Las Olas Riverfront, located at 300 SW 1st Ave. in Fort Lauderdale, for $16.7 million. The property contains a 244,667-square-foot, open-air retail center. John Crotty, Mia Stierheim and Michael Fay of Colliers International South Florida represented Las Olas Riverfront, L.P., the buyer. Achikam Yogev, also of Colliers International South Florida, represented CRE Las Olas Riverfront, the seller. The buyer plans to reposition the property, which offers potential opportunity to develop up to 1.3 million square feet of residential, office, retail and hotel accommodations, with the right to apply for additional square footage and use rights through the City of Fort Lauderdale and Broward County.
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