The Real Deal Miami

Setback for Margaritaville project

May 11, 2012 09:00AM

The large-scale Margaritaville project in Hollywood Beach has hit a roadblock, with developer Lon Tabatchnik not yet able to secure all $128 million required for the project, the Sun Sentinel reported. Now, Tabachnik is looking to banks and Hollywood’s Community Redevelopment Agency for financing. “We’re not alarmed by this,” said Cathy Swanson Rivenbark, assistant city manager. “We absolutely know he is feverishly working on this.” The project, which is the biggest in the area in 10 years, will stand on a six-acre site across the A1A. Completion had been slated for 2014. [Sun Sentinel]