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A property just west of Florida’s Turnpike near Wellington could be developed as a mixed-use project with a hotel, medical offices and self-storage.

KS Lake Worth LLC filed a small-scale land use amendment titled Lake Worth Crossing with Palm Beach County officials concerning the 9.15-acre site at 8344 Lake Worth Road, plus 4049, 4089 and 4111 Hooks Road. It currently has a barn and a single-family home but it’s mostly vacant.

The property is currently zoned “agricultural residential.” The county approved a development plan there in 2009 for a “lifestyle center” with a mix of restaurants, hotel, residential, and live/work units that mix homes and workplaces in a single space.

KS Lake Worth submitted a preliminary site plan to the county showcasing a 196,970-square-foot project. It would consist of a 127-room hotel in three stories totaling 53,690 square feet, 107,030 square feet of self-storage in three stories, and 36,000 square feet of medical offices in three stories. There would be 348 surface parking spaces.

 

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 Kushner Companies is expanding in South Florida, acquiring two development sites in Palm Beach County, The Real Deal has learned.

The New York-based firm is buying two properties near Delray Beach and near Lake Worth Beach, according to a source close to the deal. An industrial project is planned for the Delray-area property and a mixed-use multifamily development for the Lake Worth site.

Kushner Companies could not be reached for comment. It’s unclear when the deals will close.

The firm, founded by Charles Kushner and led by president Laurent Morali, has already announced plans for three major apartment projects in South Florida since the start of 2019. The company is planning to bring roughly 3,000 units at a cost topping $1 billion in Miami and Fort Lauderdale.

Morningstar Nursery, led by Paul Okean, currently owns both Palm Beach County properties. The Lake Worth property is on the northeast corner of Hypoluxo Road and South Military Trail, across from a Walmart Supercenter, and the other is agricultural land west of the Florida Turnpike and north of Atlantic Avenue, along Starkey Road, near Delray Beach.

Morning Star Nursery reportedly works with Home Depot, Walmart and wholesale suppliers. The company could not be reached for comment.

On the Delray site, Kushner is planning a 900,000-square-foot industrial development, likely for a single distribution tenant. The developer would have to secure a land use change from agricultural to industrial to build the project.

On the Lake Worth property, Kushner plans a multifamily and retail development with 384 apartments and 60,000 square feet of retail space.

Kushner is expected to break ground this year on its Wynwood and Edgewater apartment projects in Miami. The company opened a South Florida office last year in Bay Harbor Islands, led by Michael Szafranski and Gabriela Toledo.

 

Source: The Real Deal