The Real Deal Miami

Owner of Boca restaurant plans adjacent offices

The owner Madisons New York Bar & Grill has proposed a four-story office building next door
December 31, 2016 04:00PM

Rendering of proposed office building at 2006 Northwest Executive Center Circle in Boca Raton

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