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GlobeSt.com UPDATE: Trinidad Developer Wins Green Light on $200M Capri Resort

FORT LAUDERDALE, FL-The city commission has approved the final site plan for the five-building, 25-story, 4.2-acre oceanfront redevelopment venture which will comprise 346 hotel rooms, 171 timeshare units, 33,015 sf of retail and 25,000 sf of banquet/meeting space.

By Alex Finkelstein | Updated on March 05, 2002

FORT LAUDERDALE, FL-Sable Resorts Inc., an affiliate of Trinidad-based C.L. Financial Ltd., is on its way to developing the first minority-owned hotel in Broward County–the $200 million, 25-story Capri expected to be the centerpiece of a major revitalization of Fort Lauderdale Beach. The city has been trying improve that area for the last 15 years.

Ground-breaking by Colonial Development Group was tentatively set for year end or first quarter 2003 after the Fort Lauderdale city commission approved the final site planTuesday for the five-building, 4.2-acre oceanfront redevelopment venture on A1A between Riomar Street and Bayshore Drive, 25 miles north of Downtown Miami. Completion is anticipated by 2005.

The Capri will comprise 346 hotel rooms, 171 timeshare units, 33015 sf of retail, 25,000 sf of banquet/meeting space, three restaurants, three cocktail lounges and a 14,900-sf health club.

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