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The Plantation Inn site would be combined with two neighboring parcels that Wells Real Estate Investment already owns to create a mixed-use project. The $70 million project would consist of 118 residential units inclusive of 15% workforce housing, 36,000 square feet of medical office space, and a 124-room Marriott-branded hotel.
Plans call for 1,250 residential units, 125,000 square feet of retail, restaurants, grocery and entertainment, a 150- to 175-room hotel, and several parking garages.
Some markets are also expected to experience more interim vacancies due to an abundance of speculative space under construction.
Industrial outdoor storage operators fight an uphill battle getting their projects approved by municipalities. But rising demand â and the rising prices that come with it â has motivated developers to find ways forward despite community backlash.
According to CoStar Groupâs May 2023 real estate report, Bed Bath & Beyondâs recent bankruptcy filing will have ripple effects in industrial markets with some distribution locations faring better than others to attract new tenants.
Among other things, the bill grants developers the ability to build the maximum amount of units a local jurisdiction allows â and at the maximum allowed height within a mile of a project’s site â on almost any property zoned commercial, industrial, or mixed-use.
Looking back can create regret, but here are some things that MSCI in its Q1 2023 U.S. Industrial Capital Trends Report suggests are easy to underestimate.
Upon demolishing the office buildings, the redevelopment would mark the second phase of apartment development at the business park in Palm Beach Gardens. Each of the two apartment buildings would be 13 stories tall, one with 328 units and the other with 301 units.
Large industrial owners have transformed their businesses into much more of a partnership model.
The creation of warehouses immediately adjacent to Port Everglades is an indication of the seaport’s strength and standing in the marketplace. The private sector understands the advantages of partnering with the port that was responsible for more than $28.6 billion worth of trade in 2022.
Lauderhill is eyeing properties around town, preparing to buy real estate, bring in food markets for lower-income areas and clean up a deteriorating part of the city. A proposal calls for creating a newly expanded redevelopment area of 186 acres that includes the landmark Swap Shop at 3291 W. Sunrise Blvd.
Church sales and redevelopments are rare in the tri-county area due to land-use and rezoning issues as well as resistance from church members and leaders. But that might be changing.
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