Redevelopment set for Lauderdale’s Tropicana Motel

Miami /
Mar.March 06, 2016 05:10 PM

A mixed-use development including a hotel and two residential buildings will replace the Tropicana Motel in Fort Lauderdale.

The motel long has served as a popular place for tourists on tight budgets. It also is a property that has attracted homeless people, drug dealers and criminals trying to elude law enforcement.

Michael Solari, the Tropicana Motel’s operator, who bought the property with a partner for $610,000 in December 2002, told the Sun-Sentinel “it was rather unsavory, very rough and desperate. Just before we got here, we heard it was like a drive-through for drugs.”

Shortly after Solari and his partner bought the motel, he discovered that one of the initial episodes of the “Cops” television show was filmed behind the Tropicana.

In 2005, Solari and his partner sold the land beneath the Tropicana to a developer for $2.4 million.

In 2014, an entity called Flagler Village Land Trust bought the land beneath the 20-room Tropicana Motel at 711 North Federal Highway. The trust has ties to Hollywood-based Prime Hospitality Group.

Flagler Village Land Trust also bought several other parcels in an assemblage from 701 to 723 North Federal Highway, and the trust filed plans with the city to build a mixed-use development on the land called Quantum at Flagler Village with a one-story retail building, an eight-story hotel and two residential high-rises.

Flagler Village Land Trust estimated that the total cost of the Fort Lauderdale development including land costs would be $87.3 million.

Solari told the Sun-Sentinel he expected the trust to schedule demolition of the Tropicana soon. [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
RK Centers’ Raanan Katz and Aimco's Wes Powell with the SW corner of Northeast Fifth Avenue and Northeast Ninth Street (LinkedIn, Google Maps)
Aimco completes $100M Flagler Village dev assemblage with latest $16M deal
Aimco completes $100M Flagler Village dev assemblage with latest $16M deal
Keiser University CEO Arthur Keiser in front of 1900 West Commercial Boulevard and 1500 Northwest 49th Street in Fort Lauderdale (Keiser University, Keenan Development Group, Getty Images)
Keiser University sells pair of Fort Lauderdale office properties for $58M
Keiser University sells pair of Fort Lauderdale office properties for $58M
Mark Post, CEO of Newport Beach, Calif.-based Javier’s Cantina with 1601 East Lake Drive in Ft. Lauderdale (Instagram via mark.javierscantina, Joy Triglia)
California restaurateur buys waterfront Fort Lauderdale mansion for $13M
California restaurateur buys waterfront Fort Lauderdale mansion for $13M
845 Northeast Fifth Terrace and two other unaddressed lots in Fort Lauderdale with Aimco's CEO Wes Powell (Google Maps, LinkedIn, Illustration by Priyanka Modi for The Real Deal with Getty)
Aimco adds to Flagler Village dev site set for 3M sf mixed-use project
Aimco adds to Flagler Village dev site set for 3M sf mixed-use project
Midtown's Alejandro Velez and Prospect Real Estate's Michele Zahn, and Richard Zahn Sr. with rendering of Advantis Station (Midtown Capital Partners, Prospect Real Estate Group, Baker Barrios)
Developers score $65M construction loan for Flagler Village apartments
Developers score $65M construction loan for Flagler Village apartments
7070 Northeast Third Avenue, Fort Lauderdale; Asana Partners' Terry Brown, Sam Judd and Jason Tompkins (Felipe Calderon, Asana Partners)
Asana buys office, industrial properties in Fort Lauderdale’s Flagler Village
Asana buys office, industrial properties in Fort Lauderdale’s Flagler Village
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Plaza 100 building and the Brickell Arch office tower (JLL, Brickell Arch, iStock)
Lease roundup: Ritz Carlton’s yacht service leases in Fort Lauderdale, Hermès at 150 Alhambra
Lease roundup: Ritz Carlton’s yacht service leases in Fort Lauderdale, Hermès at 150 Alhambra
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...