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South Florida real estate projects in the pipeline for the week of Feb. 8


BH3 wins bidding for Delray Beach project

The Delray Beach Community Redevelopment Agency has selected BH3 to develop on its 7.4-acre site at 600-800 W. Atlantic Ave.

The Aventura-based developer won the bidding for the site after a request for proposals process. It has 60 days to negotiate a final development agreement with the CRA.

BH3 proposed AltaWest at an estimated cost of $100.3 million. While the developer would receive the property for no compensation to the CRA – compared to up to $4.2 million offered by other bidders – the CRA board favored BH3’s project scope and design.

AtlaWest would have a grocery store of up to 33,000 square feet, 41,000 square feet of retail and restaurants with below-market rent for local businesses, 21,000 square feet of office space catering to local businesses and co-working, 117 two-bedroom flats and townhouses, 48 apartments above the retail space, a fitness center with a pool, and 744 parking spaces. BH3 also proposed a “Frog Alley” public space behind the shops and running parallel to Atlantic Avenue.

Estate Investments Group plans apartments in Miami

Estate Investments Group plans to build an apartment building in Miami’s Spring Garden Historic District.

The developer recently paid $3 million for the 24,708 square-foot site at 1033 Spring Garden Road. EIG Principal Robert Suris said it would partner with neighboring landowner Spring Garden Apartments to build the Soleste at the District.

The 11-story building would have 251 apartments.

List Industries could expand Deerfield Beach HQ

List Industries could expand its manufacturing facility and headquarters building in Deerfield Beach.

The company, which manufactures lockers, cabinets and shelving, currently occupies a 101,871-square-foot warehouse at 401 Jim Moran Blvd. It seeks to expand that by 29,419 square feet after demolishing the commercial building at 519 Jim Moran Blvd.

Life Time Fitness could replace Bloomingdale’s at The Falls

A Life Time Fitness health club could replace the Bloomingdale’s store at The Falls open-air mall in south Miami-Dade Conty.

Simon Property Group, which owns the mall at 8778 S.W. 136th St., filed plans to demolish the 225,000-square-foot Bloomingdale’s and build a 152,000-square-foot Life Time Fitness. The new facility would include an indoor pool, spa, café, bar, two indoor basketball courts, yoga and pilates studios, two groups fitness studios, a cycling studio, and a kids academy with a tumbling room. The third flood would have an outdoor deck with two pools, a waterslide and a bistro.

Distribution center proposed in Miami-Dade

A 181,533-square-foot warehouse/distribution center has been proposed near the intersection of Florida’s Turnpike and the Dolphin Expressway in Miami-Dade County.

RREEF CPIF Commerce Turnpike Center JV LLC, which is 90 percent owned by the real estate investment arm of Deutsche Bank and 10 percent owned by Cadence Partners, has the 9.73-acre site under contract from OC Smart Investments and Doral Land Investments. The site is just south of the Beacon Lakes business park and just north of the where the Dolphin Park and Ride public transit center is under construction.

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