FORT LAUDERDALE / WEST PALM BEACH / BOCA RATON / HOLLYWOOD / PORT ST. LUCIE

Owner Sunbeam and developer Stiles broke ground on 125-acre Miramar Cove, a $1-billion project that includes a swimmable 5.5-acre water basin fronted by dining, retail, entertainment and a fountain show. Sunbeam says the Martin Aquatic technology at the site also is used at the Monaco Yacht Club in Miami Beach and Hideaway Beach at CocoCay, a Royal Caribbean property. Miramar Cove will total 2,874 residences, 400,000 square feet of retail, 125,000 square feet of offices, a 185-key hotel, five miles of walking paths, 25 acres of nature trails and 10 acres of green space. The project, adjacent to Sunbeam’s Miramar Park of Commerce, is expected to open in late 2028.

NOTABLE QUOTABLE

“If everything goes perfectly, we could probably put the shovel in the ground in the second quarter of next year.”

— says Sandy Woods, of his “city within the city” mixed-use development up for governmental approval in Fort Pierce. Woods, owner of Treasure Coast Lexus and Treasure Coast Toyota, wants to build hotels totaling 175 rooms, plus 54 condos, a 20,000-sq.-ft. event center, two private clubs and a 6,000-sq.-ft. ballroom along with restaurant, retail and bar space on a parking lot on the south side of the Fort Pierce Inlet.

EDUCATION

Billionaire developer Stephen Ross donated an undisclosed, large sum to top-tier private Pine Crest School to entice the Fort Lauderdale institution to open a campus in West Palm Beach, its third. The donation supports the nonprofit school’s campuses in Fort Lauderdale and Boca Raton as well. A lack of elite private schools has been a concern of people relocating from New York and other locales.
Billionaire developer Jeff Greene and his wife, Mei Sze Greene, want to expand the private, nonprofit school they founded, The Greene School in West Palm Beach, with more academic and library space, a racquet complex and parking garage. The city’s commissioners approved zoning for a five-acre site and development rules in June.

RETAIL

Tamarac-based City Furniture is rebranding itself as City Home to signal its expansion beyond furniture to appliances, electronics, interior design, custom cabinetry and other goods and services. It has 25 showrooms in Florida and licenses the Ashley name for 14 more stores.

TRANSPORTATION

The state transportation department began preliminary projects as it works toward connecting the Sawgrass Expressway to Interstate 95. The 10th Street connector project, scheduled to finish in 2032, will cost $1.3 billion.

LOGISTICS

Delray Beach-based private lender Forman Capital provided a $14.99-million construction loan to developer BTH Development Partners to build the first 73,600-sq.-ft. phase of industrial project Tradition at Commerce Park in Port St. Lucie. When complete, the four phases of the project will total 552,000 square feet.

REAL ESTATE

Developers BGI Cos. and Blue Road finished 55-unit, 22-story Alba Palm Beach on North Flagler on the Intracoastal in West Palm Beach. Units start at $2.5 million. Moss was the contractor.
Developers 13th Floor Investments and Key International and general contractor ANF topped out Skye Apartments, the 327-unit second phase of Parks at Delray, a mixed-use development. Completion is scheduled for 2027. The first phase, Savio, numbered 420 units.
Jacksonville-based Dream Finders Homes is developing Reverie at Solaeris, a 55+ project totaling 1,000 residences and opening in Port St. Lucie in 2027.

Long Live the Queen

Miami businessman Bill Fuller acquired the Jungle Queen tourist attraction, a Fort Lauderdale riverboat sight-seeing ride, from the Faber family, which has owned it since 1958. The attraction itself dates to 1935. Fuller coowns Mad Room Hospitality, owner of the Ball & Chain live music and eats establishment in Little Havana; Mai Kai restaurant and Polynesian show in Fort Lauderdale; and Snappers Oceanfront Restaurant & Bar in Key Largo.

SPONSORED CONTENT

NDT-Solutions Inc., a leading provider of advanced nondestructive testing (NDT) services for the aerospace, industrial and marine sectors, is expanding to a 33,000-square-foot MRO facility in Sunrise, nearly quadrupling the size of its operations and creating up to 20 new local jobs. NDT’s new $12-million FAAcertified 145 repair station, which also carries EASA, ANAC, and CAA certifi cations, will provide advanced capabilities in aerospace machining, welding, NDT and electroplating, in addition to new specialized landing gear repairs for an expanded portfolio of aircraft. NDT-Solutions also provides on-site services, traveling to customers around the world. The company was assisted by the Greater Fort Lauderdale Alliance, the City of Sunrise, and Florida Power & Light Company.