Atlantic | Pacific Lands Florida Assignment

The property management firm will attempt to counter the troubles encountered by Las Olas Riverfront, a 244,667-square-foot retail and entertainment complex in Fort Lauderdale.

April 8, 2011
By Allison Landa, News Editor

Courtesy Flickr Creative Commons user cliff1066tm

Atlantic | Pacific Management has been tapped to provide property management services for Las Olas Riverfront, a 244,667-square-foot retail center in Fort Lauderdale, Fla. Natalie Saldarriaga will act as regional manager.

According to Atlantic | Pacific Real Estate Group managing director Terri Echarte, the owners of Las Olas chose the firm for its systematic focus on expense-side management. This will be of particular need given that the $55 million complex, which opened in 1998, is now up for auction.

Since its opening, Las Olas has been dogged by negative publicity, a lack of parking and lack of marketing. Atlantic | Pacific will attempt to counter this with a full slate of management and accounting services.

Atlantic | Pacific works in three distinct platforms: development, property leasing and management and real estate advisory and asset management. The firm currently owns and/or manages more than 22,000 residential units and more than 500,000 square feet of commercial space.