Mr. Laskody was exclusively retained by K Group, the Aventura-based developer of the “Metropica” project, a +/-$2.0 billion, multi-tower mixed-use project located within the city of Sunrise in western Broward County, Florida. At the time of engagement, this 20.85-acre site was intended to be developed with 695,000 square feet of retail space; two hotel/hospitality concepts totaling 125,000 square feet; 150,000 square feet of Class-A multi-tenant office space, 88,800 square feet of ‘for-rent’ apartments, and; 750 ‘for sale’ condominium units.
He was retained to provide an in-depth detailed analysis of the market to determine not only the feasibility of the project but also the market valuation of each component, together with estimating the value of the then-vacant land, subject to the entitlements in-place, which are previously detailed. This involved conducting both a macro- and micro-market study involving not just the vacant land site evaluation, but also the ‘for-rent’ multi-family, ‘for-sale’ condominium, lifestyle retail, Class-A office, and hospitality sectors, all throughout the South Florida marketplace, given that the Metropica project was one of significance, and is one of the largest ongoing mixed-use development projects located along the eastern seaboard of the United States. His reporting and findings were later used in the preparation of a formal and detailed Offering Memorandum that was ultimately used to solicit both equity and debt capital providers to contribute funding to the realization of this project.