Broward-based BBX sells Orlando site to Costco

The 47-acre site of Gardens on Millenia in Orlando. Fort Lauderdale-based BBX Capital Corporation announced the sale of a 15.46-acre parcel in Orlando to Costco Corporation, which plans to build a big-box store there. BBX did not disclose the sale price. The parcel is part of a 47-acre mixed-use development called Gardens on Millenia, located in…

The Wrap: Developer pulls out of $375M marina redevelopment, Lantana to take up 70-acre mixed-use approval…and more

A rendering of the Riviera Beach marina 1. Developer pulls out of $375M marina redevelopment project [SFBJ]2. Lantana to take up 70-acre shopping, residential center approval [Palm Beach Post] 3. Way fewer people are pooping on Miami streets [Miami New Times]4. March referendum set for Riverside Wharf [Miami Herald]5. Big changes ahead for two Broward College campuses…

Plans for Prospect Place in WPB draw mixed reactions

Rendering of Prospect Place Developer Time Equities of New York has created a $200 million mixed-use redevelopment plan for Prospect Place office center in West Palm Beach that includes five 15-story condominium towers, 18,500 square feet of retail space in six buildings and a one-acre park. Yet, local real estate professionals have mixed views on…

PHOTOS: On the scene at PULSE Miami Beach cocktail party

Key International and 13th Floor Investments hosted a cocktail party as a sponsor of PULSE Miami Beach Contemporary Art Fair during Miami Art Week. The developers previewed their waterfront project, the Harbour. The twin-tower condominium, in North Miami Beach, sits on a five-acre site on Biscayne Boulevard and 163rd Street. About 70 percent of the 425-unit development have…

Publix spends $45M on Deerfield Beach shops

Hillsboro Square in Deerfield Beach Publix has added to its South Florida holdings with the $45 million purchase of Hillsboro Square in Deerfield Beach. Lakeland-based Publix Super Markets paid $287 per square foot for Publix-anchored shopping center at 150 South Federal Highway. County records show that a DDR affiliate was the seller. The 156,858-square-foot center was built between…

EB-5 gets five-day reprieve

From the New York website: The EB-5 visa program, which is enormously popular with developers but criticized by some lawmakers as an unfair express route to U.S. citizenship for the wealthy, just got a five-day reprieve. Renewal of the program – which awards a U.S. green card to foreigners who invest $500,000 into the U.S.…

Developer pulls out of $375M marina redevelopment project

Viking Development withdrew from its long-running $375 million public-private redevelopment plan for the Riviera Beach Marina. The city’s Community Redevelopment Agency (CRA) unanimously approved Viking Development’s withdrawal as master developer of the project on Dec. 10. The yacht builder, which owns a facility there, had spent about 10 years crafting a plan with the city…

Paseo de la Riviera wins Coral Gables approval

Rendering of Paseo de la Riviera Paseo de la Riviera in Coral Gables is moving forward, but with buildings at a much lower height than the developer initially wanted. After a three-hour deliberation Friday morning, Coral Gables commissioners unanimously approved a site plan and zoning changes for the controversial $172 million hotel, residential and retail development…

Historic downtown Miami building to become hotel

Dade-Commonwealth building The new owners of a historic downtown Miami office building have plans to convert the property into a hotel.  Dream Downtown LLC, a joint venture between a sister fund of Paris-based Beekman REIM and Immocorp Capital, paid $9.2 million for the seven-story Dade-Commonwealth building, at 139 Northeast First Street in November. For the next 18 months…