This week in Florida commercial real estate sees industry players considering revitalization beyond core markets. A number of deals in rising submarkets were also inked.
POMPANO BEACH, FL—Mark Corlew, partner of the Pompano-based real estate investment group Grover Corlew, took part in the first of a series of NAIOP city main street discussions that showcase up-and-coming areas throughout South Florida. When asked what initially attracted his firm to the area, he said, “Pompano Beach is centrally positioned close to major thoroughfares and within close proximity to thriving tri-county cities such as Fort Lauderdale and Boca Raton. The city has worked effectively to plan and implement revitalization efforts such as beautification projects, and parking and main artery improvements, but continued investment is needed to build on the momentum that the city has created. We envision Grover Corlew’s properties functioning as mixed-use, with flourishing ground-floor retail spaces as the city continues to evolve into a more pedestrian-friendly, residential community.”