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Deerfield Beach is getting busy with possible apartment and retail project. 

Ram Realty Services just closed on the purchase of a site and construction financing for a mixed-use project in Deerfield Beach, property records show. Ram affiliate RRPIV Deerfield Station LLC paid $6.6 million for the 8-acre property on West Hillsboro Boulevard and Southwest 12th Avenue. The developer also closed on a $29.3 million loan for the property. IberiaBank is the lender, records show. Michael Harstad, vice president of construction for the company, said Ram plans to break ground on Deerfield Station, a 200-unit apartment complex with 9,100 square feet of retail space, in the first quarter of next year. It would be completed in the second quarter of 2019. Records show PNC Bank affiliate Bancshares Realty LLC sold the development site to Ram. The property, ...

Mixed-use project gets go ahead approval in Flagler Village at FATVillage

Fort Lauderdale’s FATVillage is getting larger. Enter the newly approved Gallery building. This will consist of a 14-story, 168-unit project which will include about 4,000 square feet of ground-floor retail space and a nearly 200-space parking garage. The Miami-based Related Group joined FATVillage partners Doug McCraw and Lutz Hofbauer in securing approvals for a mixed-use project near Fort Lauderdale’s trendy Flagler Village neighborhood. The Broward County Commission approved plans for the Gallery at FATVillage on Tuesday, a Related spokesperson confirmed.  Out of the 168 apartments, 34 will be set aside for families earning less than 50 percent of the area median income (AMI), 116 units will be for families earning less than 120 percent of the AMI, and 18 will be market-rate rentals. Units will ...

CityPlace West Palm Beach proposal to get luxury apartments and new retail at old Macy’s location

A major development plan is being proposed to revamp CityPlace West Palm Beach. This includes the former Macy’s location which would get a huge makeover. The plans are to knock down the vacant building and replace it with 350 luxury apartments, retail and restaurants, Related Urban President and CEO Kenneth Himmel said at a Palm Beach Chamber of Commerce event on Tuesday. Related is also planning to construct a 255,000-square-foot office building on a parking lot near the Brightline station in West Palm, according to the South Florida Business Journal. It would rise between 15 and 18 stories. City approval is required for the proposal to move forward. Related, which recently completed a new Restoration Hardware furniture store featuring a rooftop and restaurant space, also ...

Fort Lauderdale developer proposes resort hotel near Hard Rock Stadium

A South Florida developer just proposed a resort hotel near Stephen Ross’ Hard Rock Stadium. Fort Lauderdale-based developer Abraham Baker’s Mazex Holding LLC just filed plans with the city of Miami Gardens to develop a 600,000-square-foot resort hotel on nearly 40 acres of land near the stadium, according the South Florida Business Journal. The city, which owns the land at the northeast corner of Northwest 189th Street and Northwest 27th Avenue, is expected to negotiate financial terms of the deal this week. The developer plans to build a nine- to 10-story resort hotel with 400 rooms. The project would have 1,200-square-foot suites and 3,400-square-foot executive suites with three bedrooms and a kitchen. Amenities would include a pool deck with a performance stage, a 400-seat restaurant ...

West Palm hotel coming as Astros owner scores construction loan

With a swing and a loan, interior demolition is now underway at a baseball-themed hotel in West Palm Beach. Property records show Houston Astros owner Jim Crane just scored an $18.7 million mortgage from Woodforest National Bank for the project at 1655 Palm Beach Lakes Boulevard. The developer has started gutting the building’s interiors, Brian Perrault, a project manager at the construction firm Straticon, which is building the project, said. The hotel will have more than 160 units, and advanced construction is expected to begin after permits are secured early next year, Perrault said. Records show a company managed by Crane paid $6.5 million in February for the westernmost building of the Forum office complex along Palm Beach Lakes Boulevard, next to The Palm Beach ...