A 2.1-acre site near the ocean in Pompano Beach could be redeveloped into two towers.
Atlantic 3350 LLC, managed by Maria Laura Barbato and German Neuss, filed a revised site plan for 3300-3350 E. Atlantic Blvd. Richard Berrie, of Berrie Architecture & Design, said a developer from Canada is interested in buying the property.
The property is currently home to a Walgreens store, a three-story office building and a small retail building. All of those structures would be demolished. Walgreens would become a tenant in the new building.
The project would total 647,925 square feet. The 21-story tower would have 77 multifamily units, while the 19-story tower would have 110 hotel suites with 180 keys. The pedestal connecting the two towers would have an 11,640-square-foot Walgreens, 10,602 square feet of retail and restaurants, and 328 parking spaces.
Mixed-use project proposed at Delray Beach restaurant site
Doc’s All American, a restaurant that’s been in business in Delray Beach since 1951, could be renovated as part of a new commercial development.
Banyan Fund has the restaurant and a neighboring property at 37 W. Atlantic Ave. under contract. The developer wants to build a three-story, 48,700-square-foot building with retail and restaurant space on the ground floor and offices on the top two floors, attorney Neil Schiller said. A new kitchen for Doc’s would be included in the building, allowing the historic Doc’s building to be renovated to host indoor dining.
Gas station owner aims to redevelop property
Sunshine Gasoline Distributors filed plans to redevelop its gas station in the Leisure City area of Miami-Dade County into a mixed-use project.
The 2-acre site at 27975 S. Dixie Highway would be developed in two phases, with the final phase replacing the gas station. Ultimately, the project would total 148 apartments, 30,564 square feet of commercial space and 217 parking spaces.
Revision to Bonaventure plans
Hospitality Investing Group LLC, an affiliate of Chetrit Group, has revised plans to redevelop the Bonaventure Resort & Spa in Weston.
The 504-room hotel would be replaced by four 12-story buildings with a combined 488 condo units, a 13-story hotel with 341 rooms, and a 902-space parking garage. There would also be a new pool.
The existing conference center and spa would remain.
West Kendall Town Center plan could change
Plans for West Kendall Town Center, which once called for 1.4 million square feet of commercial space, could be changed.
KTC SW 88th ST LLC filed revised plans for the 70-acre property, at the southwest corner of Southwest 88th Street and Southwest 158th Avenue, near West Kendall Baptist Hospital. The project would have 800 multifamily units, 357,430 square feet of retail space, 228,820 square feet of commercial and entertainment space, 70,000 square feet of offices, a 30,000-square-foot community center, 357 hotel rooms, and an 18-acre health care district.
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Baptist Health South Florida would buy the health care site to build about 350,000 square feet of medical uses and a hotel.
Residential Spotlight: Businessman, former Miss Ukraine buy mansion for $20M
A waterfront mansion in Miami Beach recently sold for $19.75 million, or $625,000 less than its last trade two years ago.
Beryla Investments LLC, managed by Alex de la Vega, sold the 9,383-square-foot home at 15 Palm Ave. to businessman Serge Aliseenko.
Citibank granted an $8 million mortgage to the buyer. The loan was co-signed by his wife, Olesia Aliseenko, the 2011 Miss Ukraine and the first runner-up in that year’s Miss Universe pageant. She also holds a law degree.
Mirce Curkoski and Albert Justo of One Sotheby’s International Realty brokered the deal.
The price equated to $2,105 a square foot.
The Palm Island home was developed in 2018 and sold the same year for $20.38 million. The decline in price reflects a softer luxury home market in Miami Beach. Located on a 17,674-square-foot lot, the home has seven bedrooms, 8.5 bathrooms, a dock, an infinity-edge pool and spa, a wine cellar, a theater and smart home features.
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$56.2 million
Price that Bar Invest Group paid for the Visions at Willow Pond apartments near West Palm Beach
120
Affordable apartments Related Group broke ground on at the Brisas del Estate project in Miami
$30.5 million
Price that Taurus Investment Holdings paid for the Civica Center retail complex and a neighboring bank building in Miami
258,436 sq. ft.
Warehouse space Amazon will lease from IDI Logistics for a delivery station in Pompano Beach
$11.1 million
Price that SoftBank Group International CEO Marcelo Claure paid for a 27,334-square-foot home lot in Miami Beach
13.9%
Mortgages in South Florida that were 30 days or more delinquent as of May, according to CoreLogic
Featured Foreclosure: Development site near Delray Beach could be seized
A partial interest in a development site west of Delray Beach is the target of a $2.6 million foreclosure lawsuit.
Steven H. Mecca filed the lawsuit against Delray Fields LLC over its 29.2% interest in the 31.7-acre site at 15051 and 15023 Lyons Road. It’s at the southwest corner of Atlantic Avenue, across from the Delray Marketplace retail center.
Mecca sold a 29.2% interest in the property to Delray Fields for $2.95 million in 2018 and provided $2.6 million in seller financing. He then transferred the rest of the ownership to LV Mecca and the Lady Kem Land Trust for minimal consideration.
According to the complaint, the mortgage went into default when Delray Fields failed to make the May 18 payment, and then the loan matured May 22. The borrower owes $2.6 million in principal, plus interest, according to court documents.
Delray Fields applied to the county to build up to 278,784 square feet of commercial space on the site, with a mix of retail, restaurants and office space. No development has begun.
Amicon Construction splits into two firms
Amicon Construction, one of the biggest construction firms in South Florida, has split into two companies.
John Wood and AJ Mueller are co-owners of the new company, Origin Construction. The Miami-based firm is a general contractor with 50 employees.
Amicon Construction co-founders Adam Mopsick and Ross Adickman are the owners of Amicon, which offers owners representation, general contracting, design-build and inspection services. It’s based in a neighboring building in Miami.
Wood said the two divisions within Amicon have been operating as separate businesses for a few years now.
“The two businesses are stronger separately than together,” he said.
“We launched an exciting new brand,” Mueller added. “The team, the leadership and every single member of the team, none of that changes.”
Both sides described the separation as a friendly deal and said they would likely work together in the future. Mopsick said the move will ultimately be for the best.
About 80% of Origin Construction’s projects are office interiors. The company also works on restaurant and retail interiors, medical offices, and ground-up construction for boutique stores.
Wood said he and Mueller plan to grow the business in the coming years.
Mopsick said Amicon is as busy as it’s ever been. The company manages projects in commercial, hospitality, luxury residential, multifamily, restaurants, schools and nonprofits.
“A lot of well-capitalized businesses realize it’s a great time to do work,” Mopsick said.