Work on the Design 41 mixed-use project in the Miami Design District has resumed, after the developer resolved a lawsuit and obtained $24.3 million in construction financing. The seven-story building at 112 N.E. 41st Street broke ground in 2013 but the pace of construction slowed dramatically in 2014 after builder Design District Development Partners was…
Sprouts Farmers Market has finally confirmed its plans to expand in the Sunshine State. The Phoenix-based grocer (Nasdaq: SFM) in a regulatory filing Tuesday listed Florida as a “mid-term expansion market,” along with Carolinas, Louisiana, Mississippi and Arkansas. Sprouts has been rumored for several years to be entering Florida. At least three locations in Tampa…
A global insurance and financial services firm wants public incentives to create 80 jobs in its new Plantation office. The application for “Project Anchor” to be considered by the city council on Aug. 10 keeps the identity of the company confidential. However, the applicant has numerous qualities in common with Zurich Insurance Group, the Swiss…
An apartment developer paid $5 million for a site just off Federal Highway in Pompano Beach. The 34,375-square-foot parking lot at the southeast corner of Northeast 4th Street and Northeast 20th Avenue was sold by 225 North Federal Highway LLC, managed by Scott Brenner of Fort Lauderdale-based Brenner Real Estate Group. The buyer was Pompano…
The CEO of Wegmans Food Markets didn’t realize his company would be going head-to-head with Publix Super Markets Inc. in Virginia. CEO Danny R. Wegman told the Richmond Times-Dispatch that his father, Robert Wegman, had a good rapport with George W. Jenkins, the founder of Lakeland-based Publix. Wegmans, which is based in upstate New York…
The Miami Green office building traded for $39.2 million six years after it was seized in foreclosure. The 13-story office building just west of the Douglas Road Metrorail Station was sold by 3150 SW 38th Avenue – Miami LLC, an affiliate of iStar Financial (NYSE: NYSE). The buyer was JB Green Estate LLC, an affiliate…
Fort Lauderdale officials will consider plans for a new Holiday Inn Hotel on Federal Highway and a Cubesmart self-storage facility. Both items will go before the city’s Development Review Committee on Tuesday for staff feedback. Waterstone Holiday Inn, an affiliate of Bal Harbor Islands-based Waterstone Capital led by Richard Waserstein, proposed the 142-room hotel at…
Wynwood and a mosquito Blaming non-stop media coverage of the first locally transmitted Zika virus outbreak in the nation, the Wynwood Business Improvement District, or BID, wants to seek government funds to compensate area businesses for lost revenue, hire more healthcare workers to test local residents and people who work in the neighborhood, and for…
Construction sites can be fertile breeding and feeding grounds for mosquitoes, and with the Zika virus in part of Miami while dozens of projects are underway, that has raised significant concerns. The CDC has warned people that Zika could be transmitted by mosquitoes in a one-square-mile area including the Wynwood and Midtown neighborhoods, and part…
Ohio State University hydro-geologist Audrey Sawyer said only a minor amount of seawater will make drinkable water undrinkable. The journal Science published a new study showing 9 percent of U.S. coastal areas are susceptible to a contaminated underground mix of fresh water and salt water, including southeastern Florida. The study features the first map of…