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RJS buys Carl’s Plaza near Palm Beach Gardens, plans renovations

Restaurants, retail shops, a fitness center and more is coming to the old Carl’s Plaza off Federeal Highway in Palm Beach Gardens. Bass Pro Shops just released a retail development site near Palm Beach Gardens. Property records show an affiliate of the outdoor sporting goods retailer just sold Carl’s Plaza at 11940 US Highway 1 for $7 million. The company originally intended to build one of its World Wide Sportsman stores on the 6-acre site, but plans fell through. Bass Pro Shops paid $5.5 million for the property in 2014, and won county commission approval shortly thereafter to build up to 70,600 square feet of retail on the site, as well as a covered area for boats. The buyer, RJS Realty Group, will take over ...

Mixed-use development to unfold around the Isle Casino in Pompano Beach

The Cordish Companies formed a joint venture with Eldorado Resorts Inc., owner of Isle Casino Racing Pompano Park, to build a mixed-use development around the casino and harness racing track in Pompano Beach. The 223-acre development would include an office campus, a hotel, residences, and space for retail stores and restaurants. Pompano Beach Mayor Lamar Fisher said in a prepared statement that city officials “look forward to working closely together with The Cordish Companies and Eldorado Resorts in creating a destination like no other.” Reno, Nevada-based Eldorado Resorts acquired the Pompano Beach property as part of its $1.7 billion purchase of Isle of Capri Casinos in 2017. Eldorado owns and operates a total of 20 casino properties in ten states. Among other Florida projects, Baltimore-based ...

Kolter pursues beach-area residential project in Fort Lauderdale

West Palm Beach-based Kolter Group plans a 312-unit residential development in the mid-section of Fort Lauderdale’s beachfront area. The 2.6-acre development site includes eight parcels between Alhambra Street and Sebastian Street that Kolter bought from the city last year for $25 million. Kolter is preparing to develop two residential buildings that would be 200 feet tall and would include 15,000 square feet of space for retail stores and restaurants. Fort Lauderdale’s Development Review Committee examined the proposed development on April 24. Kolter bought the eight parcels spanning 2.2 acres through an affiliated company called KT Seabreeze Atlantic. The property includes two parking lots and a small wooded area. The development site also includes a small building at 3026 Alhambra Street that Kolter acquired for $2 ...

Boutique 30 Thirty North Ocean condo project draws $17M construction loan

30 Thirty North Ocean community is coming to Fort Lauderdale Beach as it received a loan to begin the new construction of condos. The developer of a boutique condominium near the beach in Fort Lauderdale got a $17 million construction loan to build the 24-unit building. Cavache Properties closed the loan to build 30 Thirty North Ocean on April 30. Site work is under way. Slightly more than one acre, the development site at 3310 Northeast 33 Street is across North Fort Lauderdale Beach Boulevard from the twin 27-story buildings that compose the L’Hermitage condominium, a beachfront high-rise built in 1998. Brett Forman, president and CEO of Trez Forman Capital Group, arranged the $17 million construction loan. Adam Adache of Adache Real Estate represented the ...