Palm Beach County appears to have it easy when it comes to raw, available land at affordable prices.
Elsewhere in South Florida however – in Broward for example – developers have to put extra effort into landing multi-acre projects, the Sun Sentinel reported.
It helps focus the Alliance’s economic development efforts that prioritize high-tech, high-wage jobs, Bob Swindell of the Greater Fort Lauderdale Alliance told the Sun Sentinel.
The Alliance is in talks with an existing business about converting nearby industrial space to what they need for additional employees. Smaller parcels also can be assembled into a larger piece of land, the newspaper said. At the same time, construction is under way on the Related Group’s multi-use project on Flagler Village, near downtown Fort Lauderdale, slated to include office space, residential units and a parking garage. Related bought the land for $13 million in 2011, as The Real Deal reported at the time.
Coconut Creek-based Butter Construction specializes in transforming “problematic” properties, such as land with contamination issues or in need of reinforcement, into viable land. [Sun Sentinel] – Mark Maurer