February 2017 - Mkotler

The Bay Harbor Planning and Zoning Board sent the architect of a proposed condominium project back to the drawing board.

Sea Moon Inc.’s development plans for Capriccio, a 30-unit building on 9800-9900 West Bay Harbor Drive were rejected for approval in a 4-1 vote on Tuesday night. After a nearly two-hour review of the site development plan, which was previously approved by consultant town planner Michael Miller, the board asked architect Gustavo J. Ramos to revise multiple elements of design.

“There are things from my standpoint that don’t work right now,” Bay Harbor Islands Vice Chairperson Jerome Gavcovich said during the meeting, specifying problems with the condo’s parking lot, proximity to the street and trash disposal system for residents.

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Mexican developer Grupo Eco is going all commercial on its two-phased Hallandale Beach project.

Construction is slated to be completed on Atlantic Village I by the fall, developer Elias Benaim told The Real Deal. The 32,000-square-foot retail and office development, at 801 Federal Highway, signed on new tenants La Estancia Argentina, Doggis Arepa Bar and Flippo’s Kids Playground.

Asking rents continue to be in the same $25 per square foot to $35 per square foot range, triple net, for the second floor and about $10 more per square foot for the ground floor. La Estancia, an Argentinian restaurant, signed a 15-year lease for 3,000 square feet and Doggis signed a 10-year lease also for 3,000 square feet. Flippo’s is leasing about 8,000 square feet on the second floor, bring the project up to about 50 percent leased.

Grupo Eco originally planned to have a residential component for the second phase, Atlantic Village II, but is instead focusing on more commercial space based on market conditions. “ArtSquare has 350 units coming two blocks away so we feel we’re going to succeed in filling the need for commercial space,” Benaim told TRD

Click here to read more on The Real Deal

The Real Deal | Bay Harbor Islands sends 30-unit Capriccio condo project back to drawing board

The Real Deal Miami | Developer to launch phase two of Hallandale project – sans residences New tenants include La Estancia Argentina, Doggis Arepa Bar and Flippo’s Kids Playground

Same location for
over 50 years.

Same location for over 50 years.

Same location for
over 50 years.