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