The Real Deal Miami

  • Publix acquisition would broaden entry into Virginia

    The Lakeland-based grocer has a contingent deal to acquire 10 supermarkets there
    July 23, 2016 04:00PM TRD WEEKEND EDITION
    Virginia is the seventh state Publix has added to its territory.

    Virginia is the seventh state Publix has added to its territory.

    Lakeland-based Publix Super Markets has contingent plans to broaden its entry into Virginia by purchasing 10 supermarkets there branded as Martin’s Food Markets.

    The 10-store acquisition agreement depends on a ruling by the Federal Trade Commission (FTC) unrelated to Publix.

    Publix’s deal with a unit of Ahold USA Inc. is contingent upon FTC approval of a pending merger of Ahold with grocery chain Delhaize Group. [more]

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  • Philly mayor tries to help Peebles win tax credit

    Gables-based Peebles Corp. sought historic designation of a vacant building in Philadelphia
    July 23, 2016 03:00PM TRD WEEKEND EDITION
    Don Peebles

    Don Peebles

    The mayor of Philadelphia interceded to help Coral Gables-based developer Peebles Corp. win a national historic designation for a city-owned property and an associated tax credit for redeveloping it.

    The National Park Service has rejected an application by Peebles Corp. for national historic designation of the building, a former courthouse, because the company’s proposed redevelopment would alter too much of the [more]

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  • Soccer club leaving Lauderdale for Lauderhill

    The Fort Lauderale Strikers have called Lockhart Stadium home for almost four decades
    July 23, 2016 02:00PM TRD WEEKEND EDITION
    Lockhart Stadium

    Lockhart Stadium

    The Fort Lauderdale Strikers soccer team is moving out of Lockhart Stadium west of I-95 in Fort Lauderdale after playing home games there for almost 40 years.

    The North American Soccer League (NASL) team is relocating to another Broward County venue in Lauderhill, called Central Broward Stadium, amid a legal fight over development of 64 acres of city- land that includes Lockhart Stadium.

    The City of Fort Lauderdale has approved a deal to lease the land for development of a water theme park by Schlitterbahn, a Texas-based company. But the owner of Rapids Water Park in Riviera Beach has held up the deal by challenging it in court. [more]

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  • Boca firm building out two Ollie’s outlets

    SMD is bringing Ollie's Retail Outlet to retail centers in Casselberry and Ocala
    July 23, 2016 01:00PM TRD WEEKEND EDITION
    An Ollie's Bargain Outlet in Louisville

    An Ollie’s Bargain Outlet in Louisville

    Boca Raton-based Southern Management and Development (SMD) this summer expects to finish building out new stores at SMD shopping centers in Casselberry and Ocala for retailer Ollie’s Bargain Outlet.

    SMD is constructing a 32,580-square-foot Ollie’s store in Casselberry at the Casselberry Square shopping center and a 41,470-square-foot Ollie’s in Ocala at the Shoppes at Paddock Park.

    Anchor tenants at 96,496-square-foot Casselberry Square include Pet Supermarket and Dollar General. [more]

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  • June home sales fell 5% in Naples area

    Naples Realtors also report 9% drop in pending sales, 35% rise in inventory
    July 23, 2016 12:00PM TRD WEEKEND EDITION
    Naples

    Naples

    June home sales in the Naples Area fell 5 percent from last year while pending sales dropped 19 percent, the Naples Area Board of Realtors reported.

    June sales of single-family houses and condominium units in the Naples Area fell to 821 this year from 868 last year.

    Pending sales of houses and condos in June totaled 711, compared to 874 last year. [more]

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  • KB Home opens Creekstone in Orlando

    Prices for the builder's single-family homes will start in the $260,000s
    July 23, 2016 11:00AM TRD WEEKEND EDITION
    A model home at Creekstone in Orlando

    A model home at Creekstone in Orlando

    Los Angeles-based KB Home opened its Creekstone single-family home development in Orlando, where the public can now tour three model homes. Prices for Creekstone residences start in the $260,000s.

    The development is located near Orlando International Airport and a cluster of medical employers in Lake Nona. The Disney World and Universal Studios theme parks and the Lee Vista Promenade are within a short drive. [more]

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  • Brightline rail service may extend to Jacksonville

    Jacksonville is expected to get a new intermodal transit center by 2019
    July 23, 2016 10:00AM TRD WEEKEND EDITION
    Conceptual design of intermodal transit center planned in Jacksonville

    Conceptual design of intermodal transit center planned in Jacksonville

    The company that is preparing to launch passenger rail service next year between Miami and Orlando via Fort Lauderdale and West Palm Beach eventually may extend the service to Jacksonville.

    All Aboard Florida (AAF), which expects to launch its Brightline passenger rail service by mid-2017, has formed an affiliated company called AAF Jacksonville Segment LLC.

    AAF formed the affiliated company to secure rights to run a passenger rail service on the Florida East Coast Railway line between Jacksonville and Cocoa, located east of Orlando in the Cape Canaveral area. [more]

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  • Vestiges of housing bust dot Treasure Coast

    At least two dozen residential developments in the region are unfinished eyesores
    July 23, 2016 09:00AM TRD WEEKEND EDITION
    The guardhouse at the stalled Bristol Bay development in Indian River County (Credit: Xavier Macarenas | Treasure Coast Newspapers)

    The guardhouse at the stalled Bristol Bay development in Indian River County (Credit: Xavier Macarenas | Treasure Coast Newspapers)

    Florida’s Treasure Coast region is blighted by at least two dozen unfinished residential developments approved before the real estate market collapse in the late 2000s.

    For example, vegetative overgrowth and a network of cracked streets and paths to nowhere is all the Michael Creek development in Indian River County has become. It was supposed to be 60 luxury houses on 24 acres hugging the Indian River Lagoon. But construction of the development, which started in early 2007, had stopped by late 2009 and never resumed. [more]

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  • mapAerial view of Surfside

    The latest place to find historic MiMo and Art Deco buildings is now Surfside. The former Chicago mansion of Dwyane Wade sold for only $300,000. And a pair of luxury condos at the Setai were placed in bankruptcy after a $6.9 million foreclosure lawsuit. Read these stories and more after the jump. … [more]

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  • Fat Tuesday sues Bayside Marketplace over breach of lease agreement and unlawful rent increase

    Lease shows Fat Tuesday paid $46,756 a month seven years ago; $61,537 a month in 2015
    July 22, 2016 04:30PM By Francisco Alvarado
    Bayside Marketplace

    Bayside Marketplace

    Bayside Marketplace in downtown Miami is trying to put the squeeze on a popular daiquiri maker that leases a prime space at the outdoor mall, according to a recent civil lawsuit in Miami-Dade Circuit Court. [more]

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