Treasure Coast & Palm Beach | Real Estate Blog

Naples developer plans Hilton hotel near the ocean in Pompano Beach

A new Hilton hotel is planned on a site next to the 16-month-old municipal parking garage in Pompano Beach called the Pier Garage. A developer in Naples agreed to build a Hilton hotel on a city-owned site along the oceanfront in Pompano Beach. Aashish Patel of Naples-based Madhav Group plans to develop the Hilton hotel on a city-owned parking lot next to the city’s flashy new parking garage, which opened in June 2016. Patel expects to build a five-story Hilton with 150 rooms on the city’s parking lot at 3410 Pier Street in Pompano Beach. He told the Sun-Sentinel that he expects construction to start within 12 months. It would be the first new hotel in the area since the Sands Harbor Marina & Resort opened ...

Stuart approves downtown condo project with $1 million units at Seminole Bluff

A developer won city approval to build a riverfront condominium downtown Stuart with units priced at approximately $1 million each. The developer, John J. Doyle, won unanimous approval from the Stuart City Commission to build a 20-unit condominium on land along the St. Lucie River at 41 and 37 Southwest Seminole Street. The site of the development, called Seminole Bluff, is just under one acre. Doyle said he expects above-ground construction of Seminole Bluff to start by mid-2018. Three houses now occupy the Stuart development site, and according to the Martin County property appraiser, their combined market value is $1.63 million. Stuart attorney and innkeeper Steven Vitale has an agreement  to buy one of the three houses, the century-old Dianne Browning Davant historic house at ...

Groundbreaking set for Coconut Creek Residence Inn hotel

Miami-based Morlin Hospitality Group will hold  a ground-breaking ceremony Wednesday for a Residence Inn by Marriott hotel in Coconut Creek. The six-story, 105-room, extended-stay hotel will be Morlin’s second in Coconut Creek, where in 2014 the company opened a Hampton Inn & Suites with the same number of rooms at 5740 North State Road 7. The nearby construction site of the Residence Inn by Marriott is 5730 North State Road 7. The estimated cost of the development is about $21 million. Morlin had expected to start construction of the hotel by the end of 2016. Seth Fellman, president and chief executive officer of Morlin, told the Sun-Sentinel that getting permits for the Residence Inn project took longer than expected. [Sun-Sentinel] — Mike Seemuth From The Real ...

West Broward’s projects near completion in Sunrise

When completed, Metropica in Sunrise will have up to 485,000 square feet of retail, 1,900 condominiums in eight high-rise towers, up to 650,000 square feet of office space and 240 hotel rooms. From the Fall issue: While Miami, Fort Lauderdale and West Palm Beach have all enjoyed their days in the development spotlight in recent years, the municipalities in West Broward are increasingly getting their star turn. As land near the ocean is either disappearing or becoming prohibitively expensive, developers are “discovering” places like Sunrise, Plantation, Davie and Pembroke Pines. Lou Sandora, the director of economic development for the city of Sunrise, said that 10 years ago, it was “widely accepted” that development in that part of the county had peaked. But that has changed ...

Groundbreaking set for Canopy by Hilton in West Palm Beach

Coral Gables-based Driftwood Acquisitions & Development will hold a groundbreaking ceremony Oct. 16 for the Canopy by Hilton hotel rendering which is a 150-room hotel in downtown West Palm Beach. Driftwood expects to open the 13-story Canopy by Hilton hotel in early 2019. Verdex Construction is the project’s general contractor. The hotel at 704 South Dixie Highway will feature a restaurant on the lobby level, a gym, a rooftop swimming pool and bar, and 5,000 square feet of space for events. Carlos Rodriguez Sr., the chief executive officer of Driftwood, told the South Florida Business Journal that financing for the hotel development will include a $27.7 million loan from First American, expected to close soon. Rodriguez told the Journal that Driftwood also raised $19 million ...