Tavistock proposing massive redevelopment of Pier Sixty-Six site in Fort Lauderdale

Orlando developer paid $187M for Pier 66 and neighboring marina in 2016 and 2017

Miami /
Jun.June 05, 2018 02:30 PM

Pier Sixty-Six Hotel & Marina and Tavistock president Jim Zboril

Tavistock Development Company is proposing a major redevelopment of a waterfront assemblage in Fort Lauderdale.

The developer, owned by billionaire Joseph Lewis, paid $163 million for the 22-acre Pier Sixty-Six Hotel & Marina at 2300 and 2301 Southeast 17th Street in 2016, and $24 million for the neighboring Sails Hotel Marina & Shops at 2040 Southeast 17th Street last year.

The Orlando-based company is seeking approvals from the Fort Lauderdale City Commission to connect the two properties under the 17th Street Causeway via a public marina promenade, according to a fact sheet from the developer.

A proposed conceptual plan between the city of Fort Lauderdale and Tavistock calls for up to 750 residential units, 384 hotel rooms, 150,000 square feet of commercial space, 4,000 square feet of marina space and boat slips. The developer is also seeking historic designation for the hotel, which is being renovated after it was damaged by Hurricane Irma.

Tavistock wants the approvals to last 20 years, the Sun Sentinel reported. The commission will vote on the proposal at its Tuesday evening meeting and again on June 19.

In July 2017, when Tavistock closed on the Sails marina property, it also secured a $50 million mortgage for the Pier Sixty-Six Hotel & Marina. The mortgage is not part of the redevelopment.


Related Articles

arrow_forward_ios
Tavistock's Joe Lewis with  Pier Sixty-Six (Super Yacht Fan)
Tavistock’s long-planned Pier Sixty-Six condos hitting the market soon
Tavistock’s long-planned Pier Sixty-Six condos hitting the market soon
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
arrow_forward_ios

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

Loading...