Description

Marina Mar – Fort Lauderdale Intracoastal Redevelopment Assemblage

Overview

Marina Mar represents one of the last true large-scale waterfront redevelopment opportunities along Fort Lauderdale’s prestigious Intracoastal corridor, featuring approximately 240 linear feet of direct Intracoastal frontage.

Located at 3100 E Oakland Park Blvd, the former Marina Mar site consists of three contiguous parcels totaling approximately ±1.67 acres (±72,789 SF), combining a premier waterfront parcel with two inland support parcels positioned for structured parking and vertical development.

Ownership has commissioned architectural Live Local Act feasibility and massing studies evaluating mixed-use residential, hospitality, structured parking, and waterfront restaurant activation across the assemblage. While all concepts remain illustrative and unapproved, the studies establish a credible framework for large-scale redevelopment under current legislation.

This assemblage offers rare flexibility for phased execution, vertical mixed-use development, and destination waterfront activation. The site is exclusively represented by Prakas & Co.

Live Local Act Density & Massing Study

Ownership commissioned a comprehensive Live Local Act architectural study evaluating potential density, height, parking configuration, and open-space compliance across both the East and West parcels.

All plans and renderings are conceptual and not approved; however, the study demonstrates that the assemblage can support meaningful vertical development under current Live Local provisions.

Key study conclusions include:

• Approximately 450+ residential units across the East and West parcels combined
• True vertical development potential with buildings ranging from the mid-teens to low-20s in stories (subject to final design and approvals)
• Structured parking accommodated through garage design and Live Local parking reductions
• Open-space requirements satisfied through roof decks, terraces, and integrated site open areas
• Flexible unit mix supporting workforce, mixed-income, or hospitality formats

The study establishes a scalable framework that can be refined by an incoming development partner.

West Parcel – Waterfront Restaurant & Activation Site

The West Parcel is the trophy waterfront component of the assemblage, offering direct Intracoastal frontage and visibility.

Current architectural planning supports a destination waterfront restaurant program totaling approximately:

• ~6,375 SF under air
• Integrated back-of-house and kitchen infrastructure
• Customer and service parking incorporated into the site layout

The concept envisions a true waterfront dining destination with the ability to incorporate:

• Outdoor waterfront dining terraces
• Dockside arrival potential
• Rooftop or upper-level event/lounge space (subject to approvals)
• Future vertical or mixed-use integration above or adjacent to the restaurant footprint

All layouts are conceptual and subject to design development and municipal approvals.

East Parcel – Structured Parking & Vertical Development

The East Parcel has been conceptually planned as the structured parking and vertical development component of the project.

Current studies illustrate:

• Structured parking garage capable of servicing residential and commercial uses across the assemblage
• Vertical development above the garage for residential, workforce housing, or hospitality uses
• Configurations supporting apartment, mixed-income, or hotel formats

The separation between the waterfront parcel and inland parcel allows for phased development, split capitalization strategies, and multiple deal structures.

Live Local Act Benefits – East Parcel

The East Parcel qualifies under Florida’s Live Local Act, providing a potential pathway for workforce or mixed-use residential development with statutory incentives, including:

• Administrative approval pathway (no public hearings required, subject to compliance)
• Height and density up to nearby maximum allowances
• Property tax exemptions on qualifying affordable units
• Sales tax refunds on certain building materials
• Reduced parking requirements near qualifying transit corridors

Final program design and eligibility must be confirmed by the buyer’s legal and planning teams.

Property Composition

The Marina Mar assemblage consists of three contiguous parcels totaling approximately ±1.67 acres (±72,789 SF).

Parcel Breakdown:

• Waterfront West Parcel (Intracoastal): ±29,796 SF
• Larger Inland Parcel (East): ±35,578 SF
• Smaller Inland Parcel (East): ±7,415 SF

Together, these parcels create a unified waterfront redevelopment canvas with both direct water frontage and inland support land suitable for structured parking, residential, hotel, or mixed-use components.

Deal Structure & Flexibility

Ownership is open to multiple transaction and development structures, including:

• Outright sale of one or both parcels
• Joint venture with a qualified development partner
• Phased development structures
• Ground lease or pad lease structures
• Delivery of shell buildings for lease

There is no fixed asking price at this time. The opportunity is being presented confidentially to qualified developers and operators capable of executing a project of this scale and prominence.

Development Vision

Marina Mar is not a fixed pre-set project. It is a development framework supported by architectural massing studies, concept renderings, and parking analyses prepared for feasibility purposes.

The site is intended for a best-in-class waterfront mixed-use or hospitality-driven redevelopment that integrates residential density, structured parking, and destination waterfront activation.

All concepts remain illustrative and unapproved and are provided for planning discussion purposes only.

Availability & Confidentiality

Detailed architectural studies, massing concepts, and supporting materials are available to qualified groups following registration and NDA execution.

Private meetings and site tours are available by appointment only.

For more information or to schedule a private meeting, contact:

Prakas & Co. – Florida’s #1 Hospitality Brokerage
📞 Office: 561.368.0003
📧 tom@prakascompany.com | chas@prakascompany.com | nick@prakascompany.com
🌐 www.prakascompany.com

• Size: ±72,789 SF Total Assemblage (1.67 Acres)
• Lease: Flexible – Long-term ground lease, build-to-suit, or outright sale considered
• Year built: 2025
• Infrastructure Included: Full waterfront infrastructure (dockage, utilities, grease trap capacity, valet access) – ready for shell or vertical development
• Zoning: Commercial / Mixed-Use / Hospitality Eligible (supports restaurant, hotel, or Live Local residential)
• Concept Exclusion: None – ownership is open to all high-end restaurant, hospitality, or mixed-use concepts
• Current Tenants: Vacant Land – formerly Marina Mar site
• Years in Business: N/A (redevelopment site)