Hollywood, FL, October 4, 2021 – Kimco Realty Corp. (Kimco) will redevelop Oakwood Plaza South, a 37.2-acre site featuring the CentrePointe Offices at Oakwood, into a new, mixed-use community featuring over 1,000,000 RSF of office space in four buildings. Located at 2800 Oakwood Boulevard in Hollywood, Florida, once fully built, the project will total approximately 2.3 million square feet, with a sophisticated mix of shop, work, live, play, and stay options. Colliers Florida Vice Chairman Ken Krasnow, Executive Director Alfie Hamilton and Executive Managing Director Gerard Yetming are handling the listing on behalf of Kimco.

“This project offers the future of corporate office campus-setting,” Krasnow said. “With demand to live in the area growing as a result of higher occupancy rates in new and existing multifamily products, CentrePointe Offices at Oakwood offers class AA office space with unsurpassed accessibility and visibility that is centrally located within the South Florida tri-county market.”

The project is located nearby the Oakwood Plaza North and Dania Pointe, a 2.5 million square foot mixed-use project that earned Kimco the ENR Southeast 2020 Best Projects for office/retail/mixed-use development, Award of Merit. In addition to the new office space, the redevelopment will include on-site hospitality, recreation, multifamily residential, restaurants and curated specialty retail. Situated at the corner of Sheridan Street and I-95, the project is within walking distance to the Sheridan Tri-Rail station, less than two miles from the Fort Lauderdale/Hollywood International Airport, four miles from Port Everglades and six miles from the new Brightline Fort Lauderdale Station. The developers are actively working on the zoning and master plan approvals.

“CentrePointe Offices offers a new central office hub for South Florida businesses,” said Hamilton. “The developers are working to create an office environment with next-gen users in mind.” 

Despite the increasing vacancy rate in Broward County, major office tenants have recently leased or renewed space including Spirit Airlines, Chewy, Magic Leap, UKG, Citrix, American Express, Hotwire, JM Family Enterprises and Royal Carribbean. Leasing activity and net absorption are expected to rebound after a successful return to the office as normal business activities resume and the migration of companies from northeastern states and California continues. The migration is driven by a number of push and pull factors, but the most prominent are the tax incentives, cost of living, and quality of life that Broward County offers, with COVID-19 being the final push for many companies. Recently delivered space will be absorbed quickly as tenants continue the flight to quality, especially new-to-market tenants.