
BH3 buys FATCity development site in downtown Fort Lauderdale
Tuesday, February 5, 2019
Publix-anchored retail center in Palm Beach County sells for $32M |
Published Tuesday, December 19, 2017 |
The Publix-anchored Villages of Oriole Plaza in west Delray Beach sold for $31.75 million.
RLV Oriole Plaza, an affiliate of New York-based Clarion Partners, sold the 161,916-square-foot retail center at 7215, 7231, 7375 and 7385 W. Atlantic Ave. to Atlantic Avenue Realty Associates, managed by Myron D. Vogel in Boca Raton. Weston-based Florida Community Bank (NYSE: FCB) provided a $20 million loan to the buyer.
The price equated to $196 a square foot.
The Villages of Oriole Plaza last traded for $23 million in 2005. It was built on the 24.3-acre site in 1981.
In addition to Publix, tenants there include Bank of America, Wells Fargo Bank, Dunkin' Donuts, Dollar Tree and Movies of Delray. It’s near the Villages of Oriole senior community.
Source: South Florida Business Journal
A co-developer of Privé at Island Estates paid $23.1 million for FATCity in downtown Fort Lauderdale, a site that’s entitled for 1.35 million square feet of mixed-use development.
The Edwards Companies closed on construction financing for a $300 million mixed-use project in downtown Delray Beach.
Joseph’s Classic Market will move to expanded space at Town Center at Boca Raton mall. Joseph’s will occupy 14,700 square feet in the combined former Blue Martini lounge and Pinion Grill restaurant, mall management announced. The new space will also feature outdoor patio seating.