WEST PALM BEACH, FL-BAP Development Inc., the developer of the $55 million condo project planned for downtown, added the units due to market demand for more spacious luxury condos. They will range from 1,929 sf to 2,035 sf.
MIAMI-Demolition of some existing structures at the University Mall in Pembroke Pines, FL is set to begin March 6. The new $5 million redevelopment will include a 177,000-sf Lowe's Home Center and a refurbished shopping center, which is to be renamed Crossroads Square.
PLANTATION, FL-Centex Development Co. sold a two-building, class A complex here to a private investment group for about $146.32 per sf. Southpointe I consists of 135,819-sf, and Southpointe II is 79,464 sf.
MIAMI-Harley W. Miller, president and co-founder of Fort Lauderdale-based Miller Construction Co., has been on the board of the South Florida chapter of NAIOP for eight years and has served on a number of committees.
MIAMI-Carol Austin was hired as vice president of the company's corporate advisory services group here. She previously worked for Coldwell Banker Commercial.
MIAMI-Westfield America Trust, an Australian property trust, purchased the class A, 425,841-sf, upscale shopping mall, which underwent improvements and an expansion in recent years, from Lend Lease Real Estate Investments.
MIAMI-GREC Conversions II Ltd. paid $83,065 per unit in cash to Tarragon Realty Investors for the eight-story, 124-unit apartment building, located on Biscayne Bay here. The new owner plans to convert the building into condominiums.
MIAMI-Adam Rosenblum was named vice president of sales and marketing for the planned $100 million luxury-living community for people ages 55 and up. Former Manager of the Year, Rosenblum has been in charge of sales and marketing at several communities.
MIAMI-Cornerstone Premier Communities is developing the two-building, 156-unit, luxury community in Fort Lauderdale Beach. Demolition of three motels to make room for the mid-rise towers is set for early this summer with occupancy scheduled for fall 2004.
MIAMI-The vice president of property management for Palm Beach County for Trammell Crow Co., Cary Fronstin, was elected to the post for 2003. His portfolio includes more than 1.3 million sf of office, industrial and retail space.