Former NFL player to open waterfront eatery in Fort Lauderdale

Bo's Beach House will pay $225,000 in rent the first year

Dec.December 16, 2015 12:00 PM

The owners of Bokamper’s Sports Bar & Grill have inked a 20-year lease with the city of Fort Lauderdale to open a casual seafood restaurant on the water.

Former Miami Dolphins player and sports broadcaster Kim Bokamper is a part owner of PDKN Holdings, which signed the lease at 600 Seabreeze Boulevard. The deal was approved by the Fort Lauderdale city commission.

CBRE’s Michael McShea, Lee Ann Korst and Ryan Nunes arranged the lease on behalf of the city following a bid process, according to a press release. Bo’s Beach House, on the former Oasis Cafe site on the A1A, will pay $225,000 in rent the first year with 3 percent increases every year after. Oasis Cafe, which was reportedly threatened with eviction for unpaid taxes and rents, was paying $50,000 a year, CBRE said.

The restaurant is adjacent to the Fort Lauderdale Beach Park and across the street from the Bahia Mar Yachting Center.

In the release, Korst said the deal will transform an “underutilized property” into a “revenue-generating asset.”

The Plantation-based restaurant group will invest $1.5 million in the property. Other partners include Patrick Kavanagh, Damon Desantis and Noel Cullen.

Four qualifying bids were evaluated based on background, proposed rental rates, terms and site renovations, as well as timelines. CBRE, which was also hired to market restaurant row at the Riviera Beach Marina redevelopment, advised the city of Fort Lauderdale beginning in June 2014. – Katherine Kallergis

Related Articles

Shorecrest Club Apartments

CBRE fund pays $132M for Shorecrest Club Apartments in Miami

From left: Eric Fixler, Joe Landsberg, Austin Levine and Andrew Hagaman

Movers & Shakers: CBRE expands debt team, Compass takes on two teams in South Florida & more

Nick Bosa and a rendering of 30 Thirty North Ocean (Credit: Getty Images)

NFL player buys Fort Lauderdale Beach condo

Pierre Heafey, Heafey Group CEO and the Conrad Hotel (Credit: Booking)

Owner of troubled Fort Lauderdale hotel scores $63M refi

From left: Kyle Jones of Stiles Corp., Mark Corlew of Grover Corlew, Christian Lee of CBRE, Rod Loschiavo of Colliers International South Florida, and Greg Martin of Avison Young

South Florida office market has upside potential for developers, investors: panel

(Credit: iStock)

Foreigners emerge as the new heavyweights in China’s commercial property market

(Credit: iStock)

Report: Availability of U.S. warehouse space last year was the lowest since 2000

New owners of embattled Fort Lauderdale hotel score $52M loan

New owners of embattled Fort Lauderdale hotel score $52M loan