HOLLYWOOD, FL-The Florida builder plans to break ground soon on the $70-million, 12-story project here. It is scheduled to be completed in May 2006 and will have 285 condominium units and 36,000 sf of retail space.
COCONUT GROVE, FL-The firm also will manage the Mayfair in the Grove, a mixed-use facility, which is undergoing a conversion of two floors of retail space to office space. The building is 52% leased.
MIAMI-EquiProperty LLC, based here, plans to convert the 144,659-sf 1000 Brickell Ave. building into condos with a sellout value of more than $40 million. Many current tenants are expected to buy space in the 12-story building, which the Allen Morris Co. sold.
SUNRISE, FL-The Fort Lauderdale-based full-service commercial real estate development and investment company plans to build the 139,000-sf, class A building here by late next year.
COCONUT GROVE, FL-Colony Capital LLC and the Falor Cos., which bought the hotel this year, are in the middle of a $10-million renovation and conversion to an upscale condo-hotel. The majority of the renovations are expected to be completed by early next year.
MIAMI-Intell Management and Investment Co. plans to develop the two-tower project, called Avenue, by the first quarter of 2007 in the city's Brickell Avenue area. The mixed-used effort will include condo units and 24,000 sf of retail space.
SUNRISE, FL-The company paid Sawgrass Joint Venture $400,000 for about 1.5 acres at the entrance to Sawgrass International Corporate Park here, where it plans to house a 134-child-day-care center. A Nodal Engineering project and a two-story office building also are planned for the property nearby.
FORT LAUDERDALE, FL-The insurance company plans to move about 20 employees into the 20,402-sf building, which Commercial Station LLC sold for about $82.10 per sf. The building is one of three within Commercial Station here.
WESTON, FL-The Ireland Cos. is spending a total of about $75 million on the purchase and conversion of the 496 units of the Bonaventure Resort & Spa into 252 luxury condominiums. Wyndham also signed an agreement to manage the resort, which will become the Wyndham Resort & Golden Door Spa at Weston.
PALM BEACH GARDENS, FL-A Birmingham, AL, firm paid $147 per sf for the 96,548-sf North Beach Plaza here. ROHO North Beach Ltd., a local partnership headed by Ross Realty Investments, was the seller. ROHO paid $8 million for the property six years ago.