Wednesday, July 1, 2015

BAHIA CABANA READY TO UNDERGO REDEVELOPMENT


This one had me at the rendering! Especially if you are familiar with the Bahia Cabana property and how it looks today. If so you know this rendering is maybe a twenty time improvement over the current design. I think the developer, Randolph Equity Partners, had to really go above and beyond since they were looking to expand the density so much. The property currently is a 70 room hotel. What is proposed is a 196 room hotel and 112 condominiums. They are also going to build restaurants and retail along with a marina and pedestrian pathways. This not a done deal and in fact is conditioned now on a land swap. The owner would receive 2 parcels at 1001 & 1015 Seabreeze Blvd. in exchange for a .38 acre lot where the owner would build a new $4.5 million dollar fire station. Sounds like a fair deal to me considering there is an estimated $100 million dollar economic impact to go along with hundreds of permanent jobs. The redevelopment is expected to cost $160 million dollars. It has the potential to really impact and transform this southern portion of Ft, Lauderdale beach, which is badly needed and overdue. Looks like a win win deal to me and takes a good part of Ft. Lauderdale Beach into the future. I am rooting for it and promise to let you know how it turns out, one way or the other. As always thanks for reading and have a great day.

Bahia Cabana owner plans major redevelopment along Fort Lauderdale beach


No comments:

Post a Comment