Margate Developer Looking to Convert Shopping Center to Apartments
White Oak Development is looking to turn The Cocogate Plaza shopping center in Margate into apartments.
White Oak currently has the land occupied by the 50-year-old, 89,771-square-foot retail plaza under contract. Cocogate Partners is the current owner.
The South Florida Business Journal reports that under the proposal, nearly all of the shopping centers would be demolished to make way for the Cocogate Apartments, which will feature 287 apartments across six stories, totaling 312,927 square feet. The project would also have 17,200 square feet of commercial space and 528 parking spaces.
The apartment complex would have 8,304 square feet of interior amenities and a pool on the ground floor. The developer would dedicate 41 of its 287 units to workforce housing for people making up to 120% of area median income.
The Cocogate Apartments would have 16 studios, 136 one-bedroom units and 135 two-bedroom units.
Subject to approval, the developer hopes to start construction in late 2026.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout