The Real Deal Miami

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

February 24, 2019 04:00PM

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