Beth Azor launches retail redevelopment of 40-year-old office property in Plantation

TRD MIAMI /
Feb.February 24, 2019 04:00 PM

Beth Azor 2000 and 100 South Pine Island Road in Plantation

South Florida shopping center investor Beth Azor started to redevelop an aging office property on a busy intersection in Plantation.

A company led by Azor, FLA BPI LLC, broke ground for construction of a 6,400-square-foot retail plaza on the corner of Pine Island Road and Broward Boulevard in Plantation.

The retail plaza, which will feature a Starbucks café with a drive-through lane, is under construction on vacant land on the south side of the three-acre parcel.

“We developed a similar project a few miles away in Davie, also anchored by Starbucks, and it has been a home run,” Azor said in a prepared statement.  “We are hoping to replicate the same success in Plantation.”

Construction of the retail plaza is scheduled for completion in early 2020. The general contractor is Lombardi Development of Fort Lauderdale.

In September, Azor plans to demolish the dilapidated office building built in 1979 to clear the site for a new development that probably will be a retail building.

Azor acquired the Plantation office property at 100 South Pine Island Road for $5.8 million in 2016. Her company, Azor Advisory Services, owns six South Florida retail properties valued at nearly $80 million.– Mike Seemuth


Related Articles

arrow_forward_ios
Westfield Broward mall, CEO Christophe Cuvillier

Westfield Broward mall’s $95M CMBS loan heads to special servicing

Westfield Broward mall’s $95M CMBS loan heads to special servicing
Tal Frydman with Hamlet Plantation and The Continental Apartments (Credit: Hamlet via Jenco Properties)

Prism Multifamily Group buys apartments in Tamarac, Plantation for $54M

Prism Multifamily Group buys apartments in Tamarac, Plantation for $54M
Investments Limited’s James Batmasian and clockwise from top left: 22797-22749 State Road 7, Boca Raton; 601 Fairway Drive, Deerfield Beach; 23123 South State Road 7, Boca Raton; 22973-23071 South State Road 7, Boca Raton (Credit: Google Maps)

Investments Limited scores $67M loan for 13 SoFla properties

Investments Limited scores $67M loan for 13 SoFla properties
Josh Zegen, Madison Realty Capital, Invesca CEO Chris Longsworth

Invesca scores $102M construction loan for two SoFla apartment projects

Invesca scores $102M construction loan for two SoFla apartment projects
George Lindemann and Verona View

Lindemann sells Plantation apartments for $75M

Lindemann sells Plantation apartments for $75M
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

TIAA sells Weston warehouse for $33M
Kim Bokamper and 301 Northwest 127th Avenue in Plantation (Credit: Getty Images)

Former Miami Dolphin Kim Bokamper lists Plantation home

Former Miami Dolphin Kim Bokamper lists Plantation home
IMC Equity Group CEO Yoram Izhak, and 1800 Northwest 66 Avenue (Credit: Google Maps)

IMC Equity Group snags industrial buildings in Plantation for $11M

IMC Equity Group snags industrial buildings in Plantation for $11M
arrow_forward_ios

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

Loading...