Renters, businesses could foot bill if Amendment 3 passes

WEST PALM BEACH, Fla. (CBS12) — If Amendment 3 passes, renters and consumers could end up footing some of the bill to make up for the funding shortfall. Palm Beach County leaders are looking at a potential budget shortfall of more than $150 million if voters approve the amendment on November 3rd.

Is Miami the new New York City?

Ditching New York City’s cold winters and high costs for Miami is a tried-and-true escape. But anyone chasing a lower cost of living should brace for serious sticker shock: For the first time, the Miami metropolitan area is actually pricier than greater NYC. Here’s why, and how to navigate this new world, from Daniel Ickowicz of Elite International Realty.

Helping South Florida workers buy homes

Lakefront Estates Draws Orthodox Families to Rural Florida

Lakefront Estates in Glades County is planned for as many as 1,000 single-family homes and 300 rental units, with a synagogue, a private Jewish school and a grocery store expected to carry kosher food, according to WGCU News. WGCU reported that investors bought 550 acres for the project; Kevin Deutsch’s newsletter described the community as roughly 525 acres near Lake Okeechobee.

Solaeris Debuts Near Port St. Lucie, Marking the County’s Largest Approval in Decades

Who: Brookfield Kolter Land Partners, the land development affiliate of The Kolter Group, with eight to nine homebuilders signed on. What: A roughly 3,300-acre master-planned community held its public debut, with seven neighborhoods already under site work. Where: North of Glades Cut Off Road in western St. Lucie County, west of Port St. Lucie. Solaeris […] The post Solaeris Debuts Near Port St. Lucie, Marking the County’s Largest Approval in Decades appeared first on Treasure Coast .

Palm Beach Town Council appoints four new faces to planning commission

There's new blood on Palm Beach's Planning and Zoning Commission, now that Town Council members have appointed a freshman class of two regular and two alternate commissioners to the volunteer board. The quartet is joined by investments executive Matthew Ailey, who will serve in a new position on the 10-member commission. He was elevated from his role as alternate member to regular voting member during the council's Oct. 13 meeting. The other just-appointed regular members include landscape designer Mario Nievera and author Jennifer Ash Rudick, as well as the two new alternate commissioners — businessman Kendall Kemper Cox Cheatham and real estate agent John Schuler Jr. All positions carry a three-year term. The updated roster's first meeting will be Nov. 3. The appointees will fill the seats left vacated by former commissioners Marilyn Beuttenmuller, Jorge Sanchez, Martin Klein, Victoria Donaldson and Ailey, with his ascension to a regular member position. Beuttenmuller and Sanchez were term-limited, while Donaldson did not apply for a second term on the board. Council members chose not to reappoint Klein, who had completed the remainder of the regular member position held by Nicki McDonald before her election in March to the Town Council. Before his appointment

Palm Beach Razes Old Ambassador Hotel for OLIN's Ultra-Luxe Condo Rebirth

The old Ambassador Hotel & Residences and the lakeside building next door are gone. Crews have reduced both structures on Palm Beach's South End to rubble, clearing the ground for an ultra-luxury contemporary-style condominium that developers have been maneuvering through town approvals for more than a year. The demolition, reported...

Grover Corlew Acquires Landmark Downtown Fort Lauderdale Tower for $69.7M Plans Improvements and Redevelopment

Grover Corlew, a real estate investment management group focused on acquiring, developing and managing office and multifamily properties, has acquired 200 East Broward, a 21-story, 235,211-sq.-ft. Class A tower in downtown Fort Lauderdale, for $69.7 million. The company plans to invest an additional $20 million in improvements and redevelopment to...

Fort Lauderdale's St. Regis Bahia Mar Unveils One-Acre Private Club for Owners Only

A one-acre private club reserved exclusively for homeowners is taking shape within the St. Regis Residences, Bahia Mar development on Fort Lauderdale's waterfront, with plans calling for a lap pool, padel and tennis courts, a serenity garden and a sunset terrace with fire pits. The Related Group, Tate Capital and Rok Acquisitions unveiled renderings and details of the amenity, dubbed the Bahia Mar Club, describing it as a resort-style wellness destination built solely for private owners.

Lennar confirms it is buying Boynton Beach Mall; plans homes, shops and civic uses at site

BOYNTON BEACH, Fla. (CBS12) — Lennar has confirmed it is buying the Boynton Beach Mall site and plans to redevelop it as a mixed-use community with housing, retail and other uses. The company expects to complete the purchase in early 2027, Lennar Vice President of Communications Danielle Tocco said...

Homebuilding company plans to purchase Boynton Beach Mall

Homebuilidng company Lennar is set to become the buyer of the Boynton Beach Mall. Lennar plans to develop a mixed-used community on the property, a company spokesperson said.

Related Ross Pays $64M for Boca Raton's North 40 Office Park

Related Ross has closed on the North 40 office portfolio in Boca Raton for $64 million, picking up a two-building campus that sits at the intersection of Congress Avenue and Yamato Road in the Park at Broken Sound. The purchase lands as South Florida's office market keeps outperforming much of the country, giving the buyer a 354,376-square-foot property that was roughly three-quarters leased at the time of the sale.

Turning declining shopping malls into housing developments

Lennar Homes' confirmation of its intent to buy the Boynton Beach Mall reflects a growing trend in which declining retail space is seen as an opportunity for housing developments.

Buyers Seek 7-Figure Refunds for Condos Inside a $1B Florida Development Plagued by Delays, Litigation and Foreclosure

A nearly $1 billion luxury development in South Florida has turned into a legal and financial nightmare — leaving wealthy homebuyers waiting years for unfinished condos and fighting to recover pricey seven-figure deposits. The Mandarin Oriental Residences in Boca Raton, part of the sprawling Via Mizner development, was supposed...

West Palm Beach Moves Historic 1910 Home a Mile to Save It From Skyscrapers

A 1910 house at 520 Evernia Street in downtown West Palm Beach is packing up and moving out, trading its spot in the shadow of glassy high-rises for a quieter lot about a mile away at 900 Sixth Street in the Historic Northwest. Once it arrives, the century-old home will be rehabilitated and eventually sold as affordable housing.

In Florida, condo fees meant to avert another Surfside are pushing seniors out of their homes

"If they don't stay in their homes we have to find another solution of where will they go to live."

Homeowner gets better news on insurance after contacting WPTV

Betty Haygood contacted WPTV after finding out her insurance renewal was going up $300 even though she had a new roof installed in August. Now, she's learning she'll get a better deal.

Grover Corlew Pays Nearly $70M for Fort Lauderdale Office Tower

Grover Corlew acquired 200 East Broward, a 21-story, 235,211-square-foot Class A office tower in downtown Fort Lauderdale, for $69.7 million. Banyan Street Capital was the seller. Banyan and Oaktree Capital Management bought the tower in 2017 for $81.5 million. Grover Corlew plans to invest an additional $20 million in improvements...

Demolition paves way for ultra-luxe condo project in Palm Beach

Massive piles of rubble are all that remain of the former Ambassador Hotel & Residence and an adjacent lakeside building, as construction crews prepare the grounds for an ultra-luxury, contemporary-style condominium in Palm Beach's South End. Led by developers Miami-based OKO Group and London-based private equity firm Cain, OLIN Palm Beach is expected to bring a trio of five-story buildings to the properties at 2720 and 2730 S. Ocean Blvd.. The buildings — the first South End condo development to reach the construction stage in more than two decades — will have a combined 32 condos on the ocean-to-lake site. Once completed, the development would mark a sharp reduction in the number of units — 135 —that were previously on the site in the old Ambassador and a nearby residential building known for years as The Edgewater. Corcoran Sunshine Marketing Group will handle sales and marketing for the project, according to an Oct. 15 construction update provided to the Palm Beach Daily News on behalf of the development team. Shelly Newman and Jared Seligman, the agents who lead the Corcoran team, bring "significant luxury real estate experience and deep ties to the Palm Beach market as the project prepares for

Boca Raton Planning Board Backs Revised Plan for 1939 Downtown Building, Minus Apartments

Boca Raton’s planning board voted unanimously to recommend approval of a scaled-back plan to repurpose a downtown building dating to 1939. The owner dropped a proposal to convert the second floor into four apartments after the plan stalled earlier this year. The recommendation now goes to the Community Redevelopment Agency, which has final say over […]