The Real Deal Miami

Related plans 31-story complex in Hallandale Beach

February 10, 2012 04:30PM

Related Group CEO Jorge Perez

The Related Group is planning a 31-story development in Hallandale Beach with 84 apartments and 432 hotel rooms, according to the South Florida Business Journal.

The development firm acquired the property, at the western end of the Hallandale Beach Boulevard Causeway off the Intracoastal Way, for more than $2.9 million from TD Bank last May. It had been home to Manero’s Steakhouse for 50 years.

The building marks the 22nd tower, totaling 4,400 units, planned east of Interstate 95 in South Florida

Related has named the tower Beachwalk, and will spend $60 million to construct it. The Journal cited research that said it would have a market value of $80 million. [SFBJ]