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Charles Cohen revives office plans for a Dania Beach complex
The two-building project would total 400,000 square feet and is estimated to cost about $350 million, with construction financing handled by Cooper Horowitz.
Billionaire developer Charles Cohen is restarting plans for a speculative office complex in Dania Beach, Florida, near Fort Lauderdale-Hollywood International Airport, Commercial Observer reports. His firm, Cohen Brothers Realty Corporation of Florida, is launching the Office Center of the Americas, or OCOTA, a two-building development with 400,000 square feet of office space.
OCOTA is being designed by Nichols Brosch Wurst Wolfe & Associates, and is expected to be delivered in two phases. Each building will rise 10 stories and include a four-story parking garage attached at 1805 and 1815 Griffin Road facing Interstate 95.
The development is estimated to cost about $350 million, and Cooper Horowitz is handling construction financing, according to Commercial Observer. The outlet also says a representative for Cohen declined to comment on a construction timeline.
OCOTA will be built next to the Design Center of the Americas, a mixed-use complex Cohen lost in foreclosure two years ago to his former lender, Fortress Investment Group. Commercial Observer notes that Fortress later obtained $45 million to refinance the 780,000-square-foot office and design showroom complex, after the foreclosure dispute became contentious and Cohen said in June that he had paid off the full judgment.