Texas Roadhouse purchased a 3 acre commercial parcel in Lake Park for $2,400,000. A resolution was passed in July, permitting the development of the Texas Roadhouse on the southeast corner of N. Congress Avenue and Watertower Road. The site plan calls for a 7,926± SF restaurant situated directly north of Culver's. 

Texas Roadhouse is a legendary steak restaurant serving American cuisine from the best steaks and ribs to made-from-scratch sides & fresh-baked rolls.

 

 

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A Chicago-based retail real estate investor made its first foray into South Florida with the acquisition of a Palm Beach County shopping center.

An affiliate of Bucksbaum Properties paid $27.1 million for Plaza La Mer at 849 Donald Ross Road in Juno Beach, according to records and Vizzda. The deal breaks down to $225 per square foot for the 120,152-square-foot retail plaza.

The seller, an entity managed by Inanc Kirgiz in Delray Beach, paid $3.6 million for the property in 1993, records show. Sitting on 10.2 acres, Plaza La Mer consists of five single-story buildings completed in 1988. The shopping center’s 32-tenant roster includes Dunkin’ Donuts, Tire Kingdom, Loggerhead Fitness and Trust Co. Bank. 

Bucksbaum, founded in 2011 by company CEO…

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Whether you are looking to relocate or expand your business, invest in a NNN property, or develop your commercial building, northern Palm Beach County, continues to grow at an exponential rate. 

Get away from the stress of the everyday hussle and bussle, and head to northern Palm Beach County for a snorkeling experience that will calm the mind and wash away the stress. 

Peanut Island:

Peanut Island, located in the Intracoastal Waterway, is a snorkeler's paradise known for its abundant marine life and clear waters. This man-made island offers a unique snorkeling experience that's easily accessible via a short boat ride or a water taxi from nearby Riviera Beach. As you explore the underwater world of Peanut Island, you'll encounter colorful…

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Nestled along the picturesque coastline of Florida, Jupiter emerges as a hidden gem for commercial real estate investors seeking lucrative opportunities in an attractive location. With its stunning natural beauty, robust economy, and strategic location, Jupiter has garnered attention as a prime destination for those looking to invest in commercial real estate. 

Location Advantage

Jupiter's strategic location provides a significant advantage for commercial real estate investors. Situated in Palm Beach County, this vibrant town boasts proximity to major highways, airports, and ports, facilitating easy connectivity and accessibility for businesses. Its proximity to Interstate 95 and the Florida Turnpike opens up avenues for swift transportation,…

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In the heart of Jupiter, Florida, lies a thoroughfare that has not only withstood the test of time but has also emerged as a pivotal destination for savvy investors in the realm of commercial real estate. Indiantown Road, with its storied past and bustling present, presents an unparalleled opportunity for those seeking to capitalize on its rich history, strategic location, and burgeoning commercial potential. Join us as we delve into the commercial real estate prospects along this iconic avenue.

Historical Foundation: A Pillar of Progress

Indiantown Road's historical significance not only lends character but also substantial value to the properties lining its path. As an avenue that dates back to indigenous trails and colonial trading…

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An affiliate of New York-based Related Cos., led by billionaire and Miami Dolphins owner Stephen M. Ross, paid $194.57 million for a waterfront condo development site in downtown West Palm Beach.

Flagler Towers Project Dev LLC, a partnership between Palm Beach-based luxury developer Frisbie Group and Houston-based real estate giant Hines, sold the 3.4-acre site at 1355 S. Flagler Drive to SFH Owner LLC, an affiliate of the Related Cos. The deal included $159.57 million of seller financing.

The developer purchased the property from Palm Beach Atlantic University for $41.5 million in July 2022. It currently has student housing, which will be demolished as PBAU already opened new dorms.

Frisbie and Hines launched sales in May for South Flagler…

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Index Investment Group has proposed nearly 600 apartments in West Palm Beach, which would require demolishing an IHOP restaurant and building in an office building’s parking lot.

The developer, which has offices locally and in Sweden, filed a rezoning plan with the city for the 7.85-acre site at 1501 and 1505 Belvedere Road. It’s just northeast of Palm Beach International Airport.

Currently, the property has a 65,760-square-foot office building that District Pointe LLC, a joint venture between Index Investment Group and local contractor Verdex Construction, purchased for $13.4 million in 2021. They are repurposing it from being a South Florida main office for Cemex USA to being a multi-tenant office building. The other parcel has the 135-room…

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Image: Capstone Realty Group - 1551 Forum Place

 

Capstone Realty Group could demolish a West Beach office building in order to build apartments featuring workforce housing.

The local developer, through affiliate 1551 Forum Place LLC, filed plans with the city to redevelop the 3.74-acre site at 1551 Forum Place, just north of Palm Beach Lakes Boulevard. It currently has a 39,124-square-foot office building that was constructed in 1980.

The developer acquired the property for $6.95 million in 2022. It fronts part of Lake Mangonia.

“The Palm Beach Lakes neighborhood has improved significantly in the past 10 years with the new Palm Beach Outlets, restaurants, Whole Foods, and Hilton Garden Inn,” said Mitchell Adelstein, managing partner of…

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Flagler Station Rendering

Officials in West Palm Beach announced Monday the completion of the first new affordable downtown apartments in the last 30 years.

The $33 million project, called Flagler Station, is located at 991 Banyan Blvd., a block away from the Florida TriRail/Amtrak station.

The apartments are reserved for residents earning no more than 30%, 60%, 70% or 80% of the area's median income. The rents for the 94 apartments range from $393 to $1,689.

Flagler Station is an eight-story, high-rise property with a mix of one-, two- and three-bedroom apartments. Community amenities include a 3,200-square-foot, double-high multi-purpose clubroom, a computer/business center, a rooftop pool, a state-of-the-art fitness center and on-site…

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West Palm Beach has temporarily closed the 300 block of Clematis Street to street traffic as Roxy's Pub has a rooftop pool installed.

The city approved the street closure permit. That section is scheduled to re-open on Sept. 29.

"The road closure is taking place during the summer to minimize disruption during the peak season," the city said in a statement. "The city of West Palm Beach has mandated that Clematis be reopened in time for the GreenMarket in October."

While street traffic on that section of Clematis will be closed, pedestrian traffic will be permitted.

"It is best practice, as well as a customary procedure, to close a street and/or sidewalk for construction when crane operations or other obstructions are required," the city…

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