Colliers Named Exclusive Leasing Agent; Construction to Begin Q2 2020
NORTH MIAMI BEACH, Fla. (September 26, 2019)—Macken Companies, a vertically integrated real estate development, construction and brokerage firm, has announced plans to redevelop 5 Park, a 2.82-acre site at 16955-17071 West Dixie Highway in North Miami Beach, into a 43,000 square-foot lifestyle center.
Located on West Dixie Highway from 170th to 172nd Street, Macken Companies has unveiled a new contemporary urban design through the collaboration of award-winning RSP Architects and well-respected landscape architectural design firm, Witkin Hults Design Group.
The existing four-building complex will undergo a comprehensive transformation, featuring creative tenant interiors that blend seamlessly with the outdoors, second floor terraces, pedestrian-friendly walkways, thoughtful landscaping with engaging green spaces, Instagram-worthy interactive areas and public art. 5 Park will create a vibrant downtown core with a variety of restaurants, health and wellness studios and a distinct selection of retailers.
“We saw an opportunity to fill a void in the area,” stated Alan S. Macken, CEO, Macken Companies. “Drawing inspiration from successful lifestyle destinations in Austin, Baltimore and Boston, our team has designed a project that we believe will reinvigorate the West Dixie Corridor and deliver a real connection and destination for the community. With a dynamic and synergistic tenant mix, stimulating art, culture and entertainment, we are confident that 5 Park will also serve as a catalyst for future development.”
Macken Companies has secured Colliers International as the exclusive leasing agent, and Jonathan Carter has been named as the Director of Leasing.
“It is no secret that top restaurants and higher-end fitness concepts in the Aventura and North Miami Beach area have begun to cluster on West Dixie Highway at Biscayne Boulevard,” stated Jonathan Carter, director of leasing, 5 Park. “It is about time a project with a modern vibe, feel and superior physical premises was introduced to the area to meet the retail demand.”
This project is in keeping with the City’s comprehensive master plan to revitalize the City’s Downtown area and its major corridors in order to achieve a more vibrant downtown and help its major corridors to thrive.
Situated at the gateway to North Miami Beach directly on the West Dixie Corridor at 16955-17071 West Dixie Highway, 5 Park is bordered by neighboring Aventura and nearby Sunny Isles. The project directly north of the historic Ancient Spanish Monastery and Arthur Snyder Tennis Court Complex, and in close proximity to the county’s 265-acre Greynolds Park. 5 Park offers easy access to Biscayne Boulevard, I-95 and all major arteries.
Construction is scheduled to commence Q2 2020. Leasing has begun. For more information, please visit www.5ParkFL.com.
About Macken Companies
Macken Companies is a vertically integrated firm with real estate investment, development, construction, financing and brokerage entities. Over the course of 30 years, Macken Companies has been instrumental in the repositioning and revitalization of neighborhoods throughout South Florida. The name Macken has become synonymous with visionary planning and development, superior construction, and record-breaking sales and marketing. As a fully integrated firm, Macken Companies’ affiliate entities—VCM Builders and Macken Realty—work in tandem to offer clients complete residential and commercial real estate solutions. Regardless of the size and scope of the endeavor, Macken Companies approaches every opportunity with equal passion, diligence and accountability. As a result, Macken Companies is highly regarded throughout the state for its reputation and integrity. For more information, visit www.mackencompanies.com.