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Kolter scores $25M loan for 100 Las Olas

100 Las Olas condos for sale is coming soon to the Fort Lauderdale downtown district. The Kolter Group just scored $25 million for its mixed-use 100 Las Olas development, which at 46 stories is poised to be downtown Fort Lauderdale’s tallest building. Property records show Chicago-based Canadian Imperial Bank of Commerce is the lender. As part of the deal, the bank assumed an unpaid principal balance of about $8.5 million from a nearly $9.5 million loan that Kolter scored in 2015 from Wells Fargo Bank. The Kolter Group broke ground on 100 Las Olas a year ago. Once complete, the building at 100 East Las Olas Boulevard will consist of 121 condos, 238 rooms in a Hyatt Centric hotel, and 8,500 square feet of restaurants ...

Waterfront condo project proposed for Jupiter

Fisherman’s Wharf, a 39-unit waterfront condominium project with a few units designated for workforce housing, is proposed for Jupiter. The developer is a company led by Mark Emalfarb, who heads the local biotech firm Dyadic International. The town council will consider the development on Tuesday. The site lies just west of the Intracoastal Waterway, on the northeast corner of Indiantown Road and Fisherman’s Way. Emalfarb has owned the 5.2 acre site for 25 years and has tried to build on it before, but the plans never went through, according to the South Florida Business Journal. He paid $3.4 million for the site in 1993. Plans for Fisherman’s Wharf include three low-rise condo buildings with units ranging from about 3,900 square feet to 4,245 square feet. ...

Apartment project planned for site of former Oakland Park strip club

Put those dollar bills away. A mixed-use apartment complex is being proposed for the site of the Pure Platinum strip club in Oakland park. Pennsylvania-based developer Dan Deitchman recently filed plans to build O2, a seven-story, 165-unit project, on a five-parcel site at 3339 and 3471 North Federal Highway. Pure Platinum operated for nearly three decades before closing last year, facing legal issues with the city of Oakland Park over regulation disputes, according to the South Florida Business Journal. As proposed, the O2 development would include nearly 119,000 square feet of rental space, 31,705 square feet of retail space, and about 400 parking spaces. A company tied to Deitchman paid $4.9 million for the property in July. Deitchman is also planning an apartment tower with ...

Famous Elbo room bar is on market for sale….Owner set to sell 4.46-acre property on Fort Lauderdale’s beach for redevelopment

The Elbo Room bar and nearby properties on Fort Lauderdale beach could be replaced by a development that resembles the one in this rendering. The owners of 4.46 acres of property in Fort Lauderdale’s beachfront area, including the landmark Elbo Room bar, have offered the property for sale without an asking price. Aiton “AJ” Yaari assembled the property with 500 feet of frontage along the beach over approximately 30 years. The 4.46-acre assemblage extends north from the Elbo Room north to Poinsettia Street and west from A1A to Seabreeze Boulevard. Yaari and his business partner Lior Avidor put the 4.46-acre site on the market Thursday and circulated a rendering of how the property could be developed. The rendering, prepared by Jiro Yates and Joy Jasinski ...