Owner of Boca restaurant plans adjacent offices

The owner Madisons New York Bar & Grill has proposed a four-story office building next door

TRD MIAMI /
Dec.December 31, 2016 04:00 PM

The Canadian owner of Madisons New York Bar & Grill in Boca Raton has applied to the city to build an office building next to the restaurant, the South Florida Business Journal reported.

A partnership controlled by Efstathios “Steve” Tsatas has filed an application with the city to build a four-story office building  on a 2.05-acre site at 2006 Northwest Executive Center Circle in Boca Raton.

Tsatas, a resident of Laval in Canada’s Quebec province, bought the site in 2010 through an affiliated company for $12.25 million.

Don Olsen, a U.S. spokesman for Groupe Tsatas, told the South Florida Business Journal that the company would occupy part of the planned 24,029-square-foot office building and lease the rest of the space. Olsen also told the newspaper that a law firm is interested in leasing the top floor.

The site of the planned office building is between Madisons New York Bar & Grill and a Jared’s jewelry store.

Groupe Tsatas is working with Boca Raton officials to determine how many surface parking spaces would be required for the office building development.

RLC Architects designed the office building. Attorney Bonnie Siskel represents the restaurant owner. [South Florida Business Journal] Mike Seemuth


Related Articles

arrow_forward_ios
5001 Egret Point Circle, Jeff Levitetz (Credit: Google Maps)

That’s a lot of lettuce: Grocery distributor lists Boca Raton mansion for $23M

That’s a lot of lettuce: Grocery distributor lists Boca Raton mansion for $23M
Carmen N. D'Angelo, Jr., Kevin Kreutzfeld and 4111-4121 Ibis Point Circle

Wife of rock salt magnate buys waterfront Boca Raton lots for $7M

Wife of rock salt magnate buys waterfront Boca Raton lots for $7M
Michael Dell and Boca Raton Resort & Club

Michael Dell’s MSD Partners plans major changes to Boca Raton Resort & Club

Michael Dell’s MSD Partners plans major changes to Boca Raton Resort & Club
As resi brokers in South Florida report an uptick in sales and rentals largely fueled by homeowners fleeing dense markets like New York, office brokers say they’re starting to see a similar trend play out among tech firms. (iStock)

More tech firms eye Miami as Covid carries on

More tech firms eye Miami as Covid carries on
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 

Related switches gears on Terminal Island project, now plans low-rise offices

Related switches gears on Terminal Island project, now plans low-rise offices
NAI/Merin Hunter Codman Chairman Neil Merin and Golden Bear Plaza

Golden Bear Plaza office complex in Palm Beach Gardens sells for $50M

Golden Bear Plaza office complex in Palm Beach Gardens sells for $50M
Anabella Smith, Louis Archambault, Scott Goldstein

“There’s a lot of concern about going back to an office”: how companies are returning to work in South Florida

“There’s a lot of concern about going back to an office”: how companies are returning to work in South Florida
Jeff Greene and a rendering of 550 North Quadrille Boulevard (Credit: Arquitectonica International via Facebook)

Billionaire Jeff Greene battles with WPB mayor over unfinished office building

Billionaire Jeff Greene battles with WPB mayor over unfinished office building
arrow_forward_ios

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

Loading...