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
Solmar on Sixth with PGIM Real Estate CEO Eric Adler and Sterling Equities co-founder Fred Wilpon (Google Maps)
Sterling Equities pays $92M for Fort Lauderdale apartments
Sterling Equities pays $92M for Fort Lauderdale apartments
Rendering of 160 Marina Bay with Fortune CEO Edgardo Defortuna and Ron Krongold (160 Marina Bay)
Midtown Miami developer launches waterfront Fort Lauderdale condo project
Midtown Miami developer launches waterfront Fort Lauderdale condo project
Glenn C. Rice and 2700 Aqua Vista Boulevard, Fort Lauderdale (Linkedin, Google Maps)
Pharma exec sells Fort Lauderdale waterfront mansion for nearly $13M
Pharma exec sells Fort Lauderdale waterfront mansion for nearly $13M
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)
Holman sells former Fort Lauderdale BMW dealership for $6M
Holman sells former Fort Lauderdale BMW dealership for $6M
David Cassidy and 1600 South Ocean Drive in Fort Lauderdale (Getty)
David Cassidy’s former Fort Lauderdale home sells
David Cassidy’s former Fort Lauderdale home sells
ICM CEO Bruce Timm and HS Capital Fund CEO Harry Spitzer with 1901 West Cypress Creek Road, Fort Lauderdale (Google Maps)
HS Capital buys Fort Lauderdale office building for $18M
HS Capital buys Fort Lauderdale office building for $18M
Orianne Collins and 34 Isla Bahia Drive (Getty, Google Maps)
Phil Collins’ ex-wife buys waterfront Fort Lauderdale mansion amid legal battle
Phil Collins’ ex-wife buys waterfront Fort Lauderdale mansion amid legal battle
arrow_forward_ios

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

Loading...