Dev Motwani reveals plans for luxury condo tower in Pompano Beach

1350 South Ocean Boulevard in Pompano Beach is getting a huge makeover with new beachfront condos. The developer, Dev Motwani, is getting ready to launch a luxury condo tower in Pompano Beach, a quiet beachfront town in Broward County, the developer told The Real Deal.  Motwani plans to launch sales for the 27-story condo building at 1350 South Ocean Boulevard this winter. The 1.7-acre development site is approved for a 92-unit project. Property records show Motwani’s WH Pompano LP paid $11.5 million for the beachfront land in 2011. That purchase included the 4-acre site at 1333 South Ocean Boulevard, where Motwani is partnering with Alliance Residential to build a 211-unit mixed-use apartment development. Bruce Brosch of Nichols Brosch Wurst Wolfe & Associates is designing the condo tower. ...

Indian developer revives Singer Island condo project from the last bust

A decade after pulling the plug on an oceanfront condo project on Palm Beach’s Singer Island, Barot is resurrecting the development. During the last condo bust, Barot returned 86 deposits to buyers of his proposed Amrit Ocean Resort & Residences. He held onto the 4.7-acre site at 3100 North Ocean Drive and the property has remained vacant since then. Now, Barot has an on-site sales center for the new project, a 19-story tower and an 18-story tower called Peace and Happiness, according to the Palm Beach Post. It will have 155 hotel rooms, managed by Crescent Hotels & Resorts and 198 condos with prices ranging from the $700,000s to more than $4 million for penthouses. Premier Sales Group is handling sales. The wellness-oriented Singer Island project will ...

West Palm Beach is set for a deluge of new apartments – what will that mean for the rental market?

Three new apartment buildings are scheduled to open within two blocks of each other in downtown West Palm Beach over the next year or so, adding over 800 units to the market in a move that local real estate insiders bet will put downward pressure on rents. At the moment, the downtown West Palm Beach market has a little over 6,700 condominium and rental units, with average rents hovering at about $2.25 per square foot, according to Jeff Greene, a real estate investor and developer who has made a number of big bets on the area and owns over 75 acres of land in the area.  The new buildings would increase the area’s inventory by about 12 percent, Greene said, and unless demand suddenly leaps, ...

Redevelopment of Oakland Park strip clubs planned

Plans emerged to redevelop two former strip clubs in Oakland Park after the city government won a 30-year long legal fight to close the clubs. Local developer Amos Chess and his business partner Don Deitchman plan to develop a mid-rise apartment property with ground-floor commercial space at the former Pure Platinum strip club at 3411 North Federal Highway. City development applications show that the Bahama Breeze Caribbean restaurant chain plans to open a location at 3339-3347 North Federal Highway, where the old Solid Gold strip club operated. Chess agreed to buy the old Pure Platinum location after the prior owner withdrew lawsuits against the city government. The city went to court to shut down Pure Platinum after it opened in 1987, but a judge sided ...

Kimco plans makeover for Palm Beach Gardens shopping center

Kimco Realty plans to redevelop its shopping center in Palm Beach Gardens by building a fitness club, rental apartments and commercial space there. Kimco’s plan would transform Palm Beach Gardens Plaza, formerly known as Loehmann’s Plaza, a 14-acre property just east of Interstate 95 at the intersection of PGA Boulevard and RCA Boulevard. The redevelopment plan arose from a lawsuit Kimco filed against the city of Palm Beach Gardens in 2013. Kimco sued after the city rejected its plan to put a BJ’s Wholesale Club at the shopping center. In January, the city approved a settlement of the lawsuit with terms that require Kimco to submit a formal plan to redevelop the shopping center by December. Kimco would build a three-story Life Time fitness club, ...