Dezer and Related are going 50/50 on the sweet oceanfront piece!
In the largest sale, a company called Dome Realty dropped $35 million for 11.3 acres at 1174-1185 Hillsboro Mile, which is zoned for multifamily and could house up to 168 units, the Business Journal reported.
Another nearly 1.5-acre chunk at 1103 Hillsboro Mile was scooped up by Paul and Carol Cutler, executives at green energy investment company Power Generations, for $8.25 million.
Deborah and Sean Acosta also paid $5.25 million for an acre at 1107 Hillsboro Mile.
In diffrent article theres- Dezer acquired the assemblage out of bankruptcy for $28.5 million in 2016.
The group also financed the total purchase with a $26 million loan from Bank OZK
Dezer sold the 12-parcel assemblage to Hillsboro Mile Property Owner LLC, a 50-50 partnership between Dezer and Related, for $30 million, according to Dezer and property records.
It is yet to be determined what the developers will build on the site. Dezer previously sought increased density and height up to 30 stories for the development site.
2.6-acre site at 3000-3020 Alhambra St.; 200 N. Birch Road; and 3009 Sebastian St , Fort Lauderdale
Oceanfront parcel approved for 159 unit with two towers!
159 condos and 5,150 square feet of restaurants in two towers of 26 stories each.
In the new proposal, the building would total 649,912 square feet, including 444,710 square feet of residential space, which units averaging 2,797 square feet. There would be 69 two-bedroom units, 67 three-bedroom units, and 23 four-bedroom units. The application said the project would cost $100 million.Kobi Karp Architecture designed 3000 Alhambra.
The developer acquired 2.2 acres of the property from the city for $25 million in 2017 as part of a land swap. It later bought out a neighboring condo building.
There would be an amenity deck on the fourth floor featuring two pools, a fitness room, a yoga studio, two massage rooms, a dog park, a party room and a business center.
There would be a fountain at the drop-off area in the entrance.
The eastern portion of the site would remain a public parking lot and receive enhanced landscaping. There would be 409 parking spaces, with 125 of them available to the public. The project would include one level of underground parking.
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