Zoning may restart unfinished hotel-condo project

The unfinished Palm House hotel-condominium in Palm Beach. (Credit: Melanie Bell) A court ruling could lead to a resumption of construction work on the unfinished Palm House hotel-condominium in Palm Beach. Circuit Court Judge Donald Hafele approved a motion by the stalled project’s court-appointed receiver Cary Glickstein to submit a zoning application to the Palm Beach Town…

Miami Beach Convention Center set for makeover

Renderings of the Miami Beach Convention Center The City of Miami Beach will hold a groundbreaking ceremony Tuesday evening for a $515 million renovation and expansion of the 58-year-old Miami Beach Convention Center. The three-year project will increase the size of the convention center by 150,000 square feet to 1.4 million square feet. The renovated venue…

Coconut Grove firm closes rental project financing

Rendering of Valencia Grove apartment development. Coconut Grove-based Housing Trust Group closed on financing for construction of Valencia Grove, a 144-unit affordable housing project in the Central Florida community of Eustis. Construction of the $21.8 million multifamily development began November 30 and will take an estimated 13 months to complete. “Valencia Grove will serve the…

Fort Walton Beach retail center commands $9.5M

Choctaw Plaza in Fort Walton Beach. Commercial property brokerage Marcus & Millichap announced the sale of the Choctaw Plaza shopping center in Fort Walton Beach for $9.5 million, or $98 per square foot. Marc E. Strauss, a first vice president, investments, in the Fort Lauderdale office of Marcus Millichap and Al Palacios, sa senior associate…

Saudi Prince Talal fires off against Trump

Donald Trump and Prince Alwaleed bin Talal From the New York website: Don’t expect a new Trump Tower in Saudi Arabia anytime soon: Saudi billionaire Prince Alwaleed bin Talal has publicly denounced Donald Trump for his call to ban Muslims from entering the U.S. “You are a disgrace not only to the GOP but to…

Lot shortage constrains South Florida homebuilding

Area builders started 5,862 homes in the last year. A lack of land is constraining single-family home construction in South Florida, particularly Broward County. When the housing boom peaked in 2004 and 2005, South Florida contractors started building about 2,000 homes per quarter in the tri-county area. At the bottom of the recession in 2009, home…

Townhome projects selling in Juno Beach, Jupiter

The Tierra del Sol townhome development in Juno Beach. Sales are under way three new townhome developments in northeastern Palm Beach County. Ocean Breeze is a 24-unit townhome development with prices starting at $639,500. Sue Messenger, a sales agent for Ocean Breeze, told the Palm Beach Post that buyers have committed to purchases of four of the…