Natiivo Fort Lauderdale site heads to auction after $26M foreclosure judgment

by Francisco Alvarado

Harvey Hernandez’s Newgard Development Group could lose a downtown Fort Lauderdale site where the firm planned a 40-story mixed-use tower.  A court auction is scheduled for March 11 to sell the 1-acre property at 200 West Broward Boulevard to satisfy a $25.7 million foreclosure judgment issued Jan. 30 in favor of New York-based Kushner Companies, led by Laurent Morali and Nicole Kushner Meyer, the South Florida Business Journal reported.  Newgard is still working with Kushner on a resolution, Hernandez told The Real Deal. “We’re confident that we’ll get there,” he said. “ We love the property, we love the project, […]This article originally appeared on The Real Deal. Click here to read the full story.

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Stevan Stanisic

Stevan Stanisic

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Real Estate Advisor | License ID: SL3518131

Real Estate Advisor License ID: SL3518131

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