Waterton, a national real estate investment firm, has acquired One Plantation – a 321-unit apartment community located at 1650 SW 78th Ave. in Plantation, FL. Newmark’s South Florida team brokered the transaction for the 12-story LEED-certified tower that was built in 2013 as part of the 860-acre Plantation Midtown master plan.
One Plantation offers one-, two-, and three bedroom units with planned renovations to better position it within its competitive set. Amenities include an enhanced four story clubhouse featuring business center, private work rooms, movie theater lounge areas and onsite dog park; catering kitchen; fitness center with cycle studio; plus tennis courts converted to pickleball courts.
The property is situated in the heart of 3 million square feet of office space and 2.5 million square feet of retail space within the surrounding neighborhood which also features single family homes along with golf courses and country clubs nearby.. Waterton plans to capitalize on this prime location by investing capital into unit renovations as well as enhancing amenities offered at One Planatations’ clubhouse facility for residents’ convenience .
