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.