2717 Van Buren st , Hollywood and 30 NE 5th st , Pompano Beach
Prestigia offered to pay $1.2 million to acquire a 1.89-acre parking lot at 2717 Van Buren Street from the city of Hollywood. The planned development would have two four-story apartment buildings with a total of 63 units and two three-story townhouse buildings with a total of 15 units. The development also would include 111 parking places and a pool, according to a 108-page development proposal that Prestigia submitted to the city.
Monthly apartment rents would range from $1,195 for 57 one-bedroom, one-bathroom units to $1,570 for six two-bedroom, two-bathroom units. Monthly rents for the 15 townhouses would be about $2,300.Prestigia is currently developing another South Florida project called Prestigia Pompano, designed as a mixed-use property with 51 residential units. The company, which is waiting for a permit to start construction, paid $800,000 for the development site in Pompano Beach.
Prestigia expects to spend $16.8 million to develop the four-building residential complex, which would have about 85,000 square feet of interior space. Financing would include $4.9 million of equity and an $11.3 million mortgage, according to Prestigia’s proposal.
The company expects to obtain long-term mortgage financing from Société Générale, and a construction loan from Miami-based International Finance Bank. Fort Lauderdale-based Moss Construction would be the general contractor, and Miami-based Lloyd Jones would be the property manager.
If you are seeking to buy amazing land deals contact Andrey at 786-942-0502 and i will do my best to seek out crazy deals for you!
Fort Lauderdale-based Merrimac is now joined by Miami-based high-end apartment developer The Estate Companies. The 340-unit project, at 4 North Federal Highway, has been renamed Soleste Cityline, as in Estate Cos.’ Soleste brand of multifamily developments throughout South Florida, according to a press release. The project was originally called Trion at Dania Beach.Read more
Eighteen developers have expressed interest in building Class A office space on three municipal parking lots in Miami Beach adjacent to Lincoln Road between Alton Road and Meridian Avenue. The City put out a Request for Letters of Interest (RFLI) in November to test the waters as it seeks ways to diversify .Read more
The construction permit was filed. According to the filing, a total of 41,164 square feet of general commercial will be built over two stories.Read more
After three years of discussion, the owners of the iconic International Inn at one of the gateways to Miami Beach have reached agreement with the City to voluntarily designate the property historic in exchange for the right to build an 80-ft tall addition to the hotel. City Commissioners approved the agreement after deferring it for six months due to concerns about the hotel’s operations.Read more
Its Ziff estate in Manalapan or the Il Palmetto, Palm Beach? Formerly listed for $195 million, then $165 million and now asking $115 million this 15,7 acre 33-room mansion with 1,200 feet of frontage on the Atlantic Ocean is seeking its new owner.Read more