The Evolution of Broward County, FL: An Inside Look at Ongoing Redevelopment Projects
Broward County, nestled in southeastern Florida, is widely recognized for its picturesque beaches, dynamic cultural scene, and lively nightlife. However, beyond its tourism appeal, the county has become a hotspot for redevelopment projects aimed at revitalizing aging infrastructure and creating more modern, functional spaces. With a steadily growing population and a push for urban renewal, Broward County is experiencing a wave of transformation. This article delves into some of the major redevelopment initiatives shaping the region. Why Redevelopment Matters Redevelopment plays a crucial role in modernizing communities while preserving their historical and cultural essence. It involves upgrading or reconstructing existing structures to accommodate contemporary needs. In Broward County, these efforts serve several key purposes: Key Areas Undergoing Redevelopment Several significant redevelopment projects are currently underway across Broward County, each aimed at reshaping the region for the future. Downtown Fort Lauderdale One of the county’s most ambitious projects is the Downtown Fort Lauderdale Redevelopment Initiative. The goal is to transform the area into a vibrant urban hub with enhanced walkability, new residential and commercial developments, improved transit systems, and an increased number of green spaces. The project is expected to attract more businesses and residents while elevating the city’s appeal as a modern metropolitan center. Pompano Beach Pompano Beach is undergoing a major revitalization through its Redevelopment Master Plan, which focuses on reshaping the downtown area into a pedestrian-friendly community. This includes constructing mixed-use developments, enhancing public spaces, and adding bike lanes to promote eco-friendly mobility. The city’s efforts aim to create a more engaging and dynamic environment for both residents and visitors. Hollywood The city of Hollywood is also seeing substantial redevelopment, particularly along its beachfront and downtown districts. The Hollywood Beach Redevelopment Project is focused on enhancing the coastal area with new hotels, restaurants, and leisure spaces, making it a more attractive destination. Meanwhile, the Downtown Hollywood Redevelopment Project aims to rejuvenate the city center with modern residential and commercial buildings, strengthening its appeal as a thriving urban area. Other Redevelopment Initiatives Beyond these large-scale projects, numerous smaller initiatives are shaping Broward County’s future. In Lauderhill, efforts are focused on revitalizing commercial corridors, while Deerfield Beach is working on enhancing public spaces and increasing the availability of affordable housing. These projects, while varied in scope, all contribute to the county’s overall transformation. The Impact of Redevelopment Redevelopment efforts in Broward County are already delivering tangible benefits. These initiatives have spurred economic growth by attracting businesses, increasing job opportunities, and boosting property values. However, redevelopment also raises concerns about gentrification and the potential displacement of lower-income residents. To address these challenges, many projects incorporate affordable housing solutions and programs aimed at supporting vulnerable communities. Looking Ahead: The Future of Redevelopment in Broward County With continued population growth and a vision for creating more sustainable and livable communities, Broward County’s redevelopment efforts show no signs of slowing. Fort Lauderdale Beach, in particular, is set to see significant changes, with approved projects introducing new hotels, residential buildings, and dining establishments. These developments will not only enhance the coastal landscape but also contribute to job creation and economic prosperity. Conclusion Broward County is undergoing a remarkable transformation, driven by strategic redevelopment projects designed to modernize infrastructure, boost economic vitality, and improve the quality of life for residents. As these initiatives progress, the region is set to become an even more dynamic and attractive place to live, work, and visit. The future of Broward County is one of growth, innovation, and revitalization, ensuring its place as a leading destination in South Florida.
2024 Fort Lauderdale International Boat Show: A Boater’s Dream Experience
The 65th Annual Fort Lauderdale International Boat Show (FLIBS) is set to run from October 30 to November 3, 2024. Known as the largest in-water boat show in the world, FLIBS showcases an extensive range of boats, marine technology, and luxury brands. The event takes place across seven premier locations in Fort Lauderdale, including Bahia Mar Yachting Center, Las Olas Marina, Hall of Fame Marina, and the iconic Superyacht Village at Pier 66. Event Highlights and Venues Spanning nearly 90 acres, FLIBS offers visitors a stunning array of luxury superyachts, motorboats, center consoles, tenders, and high-end marine gear. Attendees can explore the latest yacht models, experience water toys, and meet with leading yacht designers. The Superyacht Village is a major attraction where you can climb aboard some of the most luxurious vessels in the world while enjoying gourmet food and drinks. Special Experiences and Family Fun The Broward County Convention Center will feature educational seminars, interactive displays, and fishing clinics, catering to boaters of all ages. Families will love the FLIBS Kids Corner, offering activities for children, making it a fun experience for all. Additionally, the exclusive Fort Lauderdale Concours showcases rare vintage cars alongside superyachts, offering an evening of luxury and elegance. Sustainability Efforts FLIBS aims to be a leader in marine sustainability, with a commitment to becoming a zero-waste, net-zero carbon event by 2030. Initiatives such as the Water Revolution Foundation emphasize ocean conservation efforts, resonating with those who value eco-friendly practices in their waterfront lifestyle. Your Connection to Oceanfront Living As a top event in the yachting world, FLIBS provides a glimpse into a luxurious coastal lifestyle. For those exploring a permanent taste of this lifestyle, Ocean Area Living offers prime waterfront real estate in and around Fort Lauderdale. This event is a perfect opportunity to immerse yourself in the vibrant boating community and discover homes that fit your vision of waterfront luxury. For more information about FLIBS 2024 or to explore waterfront properties, contact Heather Lefebvre at (954) 566-7400. Ocean Area Living specializes in curating luxury coastal homes that connect you to events and experiences like the Fort Lauderdale International Boat Show.
The Seminole Hard Rock Winterfest Christmas Boat Parade – Fort Lauderdale
Saturday, Dec 16, 2023 @ 6:30 pm – 9:00 pm |FREE – $35 On December 16, 2023, the 52nd Annual Holiday Parade commences at 6:30 PM in Downtown, with a non-motorized vessel preshow at 6:00 PM. The Seminole Hard Rock Winterfest Boat Parade will assemble on the New River, spanning from Stranahan House to the Broward Center for the Performing Arts. The Parade begins at Stranahan House, moving East along the New River in Fort Lauderdale to the Intracoastal Waterway. It then heads North to Lake Santa Barbara in Pompano Beach, covering a 12-mile route for the “Best Show on H2O.” Expect a viewing time of approximately 2 and 1/2 hours from one location, with starting points staggered as you travel north. From private boats to colossal showboats and corporate megayachts, anticipate a spectacle of lights, music, entertainment, and celebrities. Over one million spectators will witness the dazzling display featuring beauty queens, musical groups, and other exciting entries. Join the festive parade with boat entry fees starting at just $35. Uniting our community and global visitors, this unique parade showcases beautifully decorated boats of all sizes—a must-see extravaganza. With over a million viewers along the 12-mile route, it brings an economic impact of over $50 million to Broward County, solidifying its status as a Fort Lauderdale institution where the floats truly float. South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre
Greater Pompano Beach Holiday Boat Parade
WHEN 12/15/2023 6:30 pm – 9:00 pm WHERE Sands Harbor Resort & Marina 125 N Riverside Dr, Pompano Beach, FL, 33062 The 61st Annual CHAOS Pompano Beach/Lighthouse Point/Deerfield Beach Holiday Boat Parade will take place between the hours of 7 and 9:30 along the intracoastal waterway on Friday December the 15th, 2023. This year’s theme is “A Salute to our First Responders”. New for 2023 is a live broadcast via YouTube. GRAND MARSHALS selected for 2023 are the POMPANO FIRE RESCUE TEAM, incoming FIRE CHIEF, outgoing FIRE CHIEF and the all new “ELY FIRE CADETS”, on the LEAD BOAT, the “PRINCESS JAMIE” by ADVANCED ALARM SYSTEMS! More than 50 boats, glowing with colorful lights, holiday decorations, music and merriment, thrill thousands of spectators that line the Intracoastal Waterway, as they float past decorated homes, hotels, restaurants and parks. The air will be filled with the spirit of the holidays as the community comes together in this wonderful annual event to kick-off and celebrate the winter season! And let’s not forget “Mr. & Mrs. Santa Claus” will be making an appearance too! The Judges Viewing Stand will be located, dockside, at the “SANDS HARBOR RESORT & MARINA” in Pompano Beach. The Parade begins at Lake Santa Barbara and proceeds north thru the Hillsboro Bridge and around Sullivan Park in Deerfield Beach. The bridges on Atlantic Blvd, 14th St. Causeway & Hillsboro Blvd will be in the upright position from 6:15 until the parade passes by, so please plan accordingly. The Parade begins at Lake Santa Barbara and travels North, thru the Hillsboro Bridge to Sullivan Park. And as a reminder to everyone, the bridges along the parade route will be in the “upright” position beginning approximately 6:15 P.M. until Boat Parade to passes by. This is decided by the DOT, traffic is usually extra heavy in those areas so please plan accordingly and drive safely. Prizes and cash will be awarded for 1, 2nd , 3rd, & 4th Place boats by size for the best décor, excitement, music, theme decor and lighting, in line with the theme for this year or their Holiday Spirit theme at the Annual Awards Party. Prizes to be awarded for are: 1st $500 Cash, 2nd $300 Cash, 3rd $200 Cash & 4th Trophy for BEST OVERALL, and prizes for the best décor, excitement, music, theme decor and lighting, in line with the theme for this year or their Holiday Spirit theme, given out at the Annual Awards Party in January! The Parade will be FILMED LIVE BY BRANDSTAR and live streamed on YOU TUBE, for all to enjoy. They may go to the Chamber Website: www.pompanobeachchamber.com for the LINK TO YOU TUBE! All those participating may vote on their favorite boat on Social Media for a special Award! More Information: To enter your boat for FREE, brand your company and find out more about Sponsorship Packages, contact: Connie Davis,Director of Programs at [email protected] or call: 954.383.2285 For additional information please contact the Greater Pompano Beach Chamber at: PH: 954.941-2940 or: [email protected] or www.pompanobeachchamber.com Official Event Website: https://chambermaster.pompanobeachchamber.com/events/details/2023-annual-chaos-fishing-pompano-beach-lighthouse-point-deerfield-beach-holiday-boat-parade-684222?calendarMonth=2023-12-01 Official Facebook Event Page: www.facebook.com/pompanobeachchamber/ The official Parade Headquarters is the Sands Harbor Resort & Marina who will be offering a limited amount of Boat Parade seating and Dinner Packages. For more information, call (954) 942-9100. Please take note that the bridges on Atlantic Blvd, 14th St. Causeway and Hillsboro Blvd will be in the open “upright” position beginning approximately 6:15 P.M. until Boat Parade to passes by. Traffic is usually extra heavy in those areas so please plan accordingly and drive safely.
Galleria Fort Lauderdale Mall Enters Market with Expectations of Selling Above $100 Million, Predicts Brokers
Property is permitted for 1,899 residential units and buildings with a maximum height of 150 feet Galleria Fort Lauderdale, positioned as a prime redevelopment opportunity, is now on the market with a targeted sale price exceeding $100 million. The 800,000-square-foot indoor shopping center, located at 2442 East Sunrise Boulevard, is being marketed by a CBRE team led by Robert Given and Brad Capas. While no specific asking price has been set, Capas anticipates the property to command a sale price surpassing $100 million. The owner, Keystone-Florida Holding Corporation, led by President William O’Connor, is advised by O’Connor Capital Partners, a New York-based real estate investment firm. The listing excludes the separately owned Dillard’s department store building and a Macy’s store under a ground lease. Presently, Galleria is 67 percent occupied, as per CBRE’s marketing brochure. Keystone-Florida’s previous attempts at redevelopment, including a proposal for at least 1,900 apartments, were unsuccessful, with the city of Fort Lauderdale not approving the development agreement last year. The property is zoned for 1,899 residential units, with a density of 60 units per acre and buildings capped at a maximum height of 150 feet, as detailed in a CBRE brochure. However, under Florida’s Live Local Act, a new owner has the opportunity to pursue a larger project, provided 40 percent of new units are designated as workforce housing. Established in 1980, Galleria comprises multiple retail buildings, mainly vacant big box stores previously occupied by Saks Fifth Avenue, Lord & Taylor, and Neiman Marcus. Keystone-Florida, the owner, had initially proposed the demolition of a significant portion of the shopping center. The plan involved replacing it with structures not exceeding 150 feet in height, gradually tapering down in areas adjacent to nearby residential neighborhoods. In 2017, facing opposition from residents, the Fort Lauderdale City Commission postponed a proposed vote that would have enabled Keystone-Florida to proceed with a redevelopment plan, envisioning 1,250 condo units in three buildings exceeding 20 stories and four shorter structures. Eventually, Keystone-Florida withdrew its proposal. South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre
Rockpoint drops $180M on industrial site at The Pomp Megaproject in Pompano Beach
Buyer partnering with sellers on 1.5M sf of rentable space on 88 acres Rockpoint has successfully acquired an 87.8-acre industrial development site situated within The Pomp mixed-use megaproject in Pompano Beach for a total of $180 million. The Boston-based firm, operating through its Rockhill Management affiliate, has outlined plans for the development and management of 1.5 million square feet of rentable space, as detailed in a Rockpoint news release. Notably, The Cordish Companies and Caesars Entertainment, the original sellers, will collaborate with Rockhill in steering the development. The overseeing development of The Pomp, covering 225 acres, is led by Baltimore-based Cordish and Reno-based Caesars. This expansive project includes the revamped Harrah’s Pompano Beach Casino, rebranded from Isle Casino Racing Pompano Park and Pompano Park. The comprehensive project entails the creation of 4,000 residential units, two hotels, 1.3 million square feet dedicated to retail and entertainment, and an additional 1.4 million square feet allocated for office space, according to a Cordish and Caesars news release from May. The Live! Entertainment District, encompassing 25,000 square feet of food and beverage tenants such as Sports & Social and PBR Cowboy Bar, is part of the ambitious plan, with Topgolf slated to inaugurate its facility on the site this year. In a strategic move in 2020, Cordish and Caesars adjusted their plans, opting to reduce the office space at The Pomp by 650,000 square feet in favor of a 1.5 million-square-foot industrial project. The anticipated commencement of site work for the industrial segment is scheduled for May, according to Rockpoint’s news release. The Pomp development site, formerly a racetrack, is strategically located between Pompano Park Place and North Cypress Bend Drive, extending from South Pompano Parkway east to the Tri-Rail train tracks. The reported $180 million transaction, was initially disclosed by Commercial Observer. Established in 1910, Cordish is a family-owned and operated company that concentrates on commercial real estate ventures. Notably, the company specializes in developing entertainment districts under its Live! brand, sports-anchored projects, and gaming properties. In the state of Florida, Cordish has collaborated with the Seminole Tribe of Florida to bring about significant projects such as the Seminole Hard Rock Hotel & Casino Hollywood and Seminole Hard Rock Hotel & Casino Tampa. David Cordish serves as the CEO of the company. With roots dating back to 1937, Caesars has a rich history that began when Bill Harrah opened Harrah’s Bingo Club in Reno. In a significant development in 2020, Caesars merged with Eldorado Resorts, expanding its portfolio. The merged entity encompasses brands like Harrah’s, Caesars, Horseshoe, and Eldorado. Thomas Reeg holds the position of CEO within the company. Rockpoint, a substantial real estate investor in South Florida, boasts a robust presence in the industry. The managing members of Rockpoint include Tom Gilbane, Keith Gelb, and Bill Walton. Their collective expertise contributes to the firm’s success in navigating and thriving within the dynamic South Florida real estate market. In the previous year, Rockpoint experienced significant success in Miami’s Brickell neighborhood, capitalizing on the thriving real estate market in the area. The firm achieved a lucrative outcome with the sale of both the Shops at Mary Brickell Village and the 1221 Brickell office tower. Notably, Rockpoint sold the Shops at Mary Brickell for an impressive $216 million, nearly doubling its initial investment made in 2015. Similarly, the 1221 Brickell office tower was sold for $286.5 million, almost doubling the amount the firm had originally paid in 2017. In a collaborative venture with Related Group, Rockpoint was also involved in the successful sale of the Manor Lantana rental community in May. The development, situated at 861 Water Tower Way in Lantana, fetched a substantial sum of $138 million. Additionally, in Pompano Beach, there are plans underway by Related and Merrimac Ventures for the development of a Waldorf Astoria-branded condo located at 1350 South Ocean Boulevard. This project reflects the ongoing momentum and strategic ventures pursued by these real estate entities in the dynamic South Florida market. South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre
Exciting News: Enhanced Ride Partner Services Coming to Tri-Rail Stations!
Attention all Tri-Rail commuters and travelers, we have some fantastic news to share that will make your transportation experience even more convenient and affordable. Starting from August 15, 2023, Tri-Rail’s Ride Partner services are getting a major upgrade, and we’re thrilled to introduce new subsidies to enhance your journey. Introducing $5 Uber and Taxi Subsidy We understand the importance of making your commute as seamless and affordable as possible, and that’s why we’re thrilled to announce that we’re introducing a $5 Uber and Taxi subsidy at all Tri-Rail stations in both Palm Beach and Broward County. This means that getting to and from your Tri-Rail station has never been more cost-effective. Whether you’re heading to work, catching a flight, or exploring the area, this subsidy will be available to make your travel experience even better. Enhanced Service Between PBI and West Palm Beach Station For those traveling between PBI and the West Palm Beach Station, we’re continuing to provide a $15 subsidy. This enhanced subsidy recognizes the significance of this route and aims to offer you a comfortable and affordable travel option. Stay Tuned for Future Updates While Ride Partner coverage is not yet available in Miami-Dade County, we’re actively working on expanding our services to provide a wider coverage area. Stay tuned for future updates as we strive to make our transportation solutions accessible to more individuals across the region. Complimentary Shuttle and Freebee Services As part of our commitment to your convenience, we’re pleased to inform you that our complimentary shuttle bus service between FLL and the Fort Lauderdale Airport Station will continue to be available. Additionally, the Freebee service will remain accessible at the Cypress Creek Station, offering you more ways to move around easily. Get Ready to Experience the Upgrade We can’t wait for you to experience the enhanced convenience and affordability that our updated Ride Partner services will bring. To learn more about these changes and to download the new Uber vouchers, be sure to visit our website at https://www.tri-rail.com/pages/view/ride-partners. At Tri-Rail, we’re committed to making your travel experience exceptional, and these new enhancements are just one of the ways we’re achieving that. Get ready to enjoy more seamless, affordable, and convenient transportation options starting August 15, 2023. Your journey is about to get even better! South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre
Interest Rates Hover Near Historic All-Time Lows
Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way to position yourself for a move in today’s market.