Trion Group buys dev site near Port Everglades for $11M

The developer plans to build a 25,243 square foot retail center

Dec.December 18, 2019 04:30 PM
The proposed plan for 901 Southeast 17 Street

The proposed plans for 901 Southeast 17 Street

A Bank of America branch near Port Everglades sold to a developer who plans to build a new retail center.

Bank of America sold the 22,003-square-foot bank branch at 901 Southeast 17 Street to Ken Barber of Plantation-based Trion Group.

The price equates to $449 per square foot.

Barber plans raze the existing bank building to construct three new buildings totaling 25,243 square feet with retail space, a restaurant and a new 5,000-square-foot Bank of America branch. The project would have 137 parking spaces, according to plans submitted to the city in June.

The property sits on a 2.6-acre lot and is near South Federal Highway. It is located in the ritzy Rio Vista neighborhood of Fort Lauderdale, which is home to some of the city’s most expensive residential properties. In June, the founder of Pet Supermarket bought the sprawling estate of the late H. Wayne Huizenga for $14.3 million at 1575 Ponce de Leon Drive in Rio Vista.

Bank of America paid $1.87 million for the property in 1994, records show. The Bank of America branch was built in 1974.

Barber could not immediately be reached for comment. The South Florida Business Journal first reported the news about Barber’s plans.

Related Articles

Bob Gordon with 2401 Solar Plaza Drive (Credit: Redfin)

Political power couple sells Fort Lauderdale home

Kevin R. Kreutzfeld of Premier Estate Properties and 1408 West Lake Drive

Waterfront home in Fort Lauderdale’s Harbor Beach sells for $11M

22 Isla Bahia Drive and Steven Romaniello

Harbor Beach home sells for $8 million

Niki Higgins of Douglas Elliman and 220 North Compass Drive (Credit: Douglas Elliman and Trulia)

Fort Lauderdale mansion with stock trading room sells for $12M

Renderings of the penthouse and Fredrik Eklund (Credit: Four Seasons Private Residences Fort Lauderdale)

Fredrik Eklund tapped to list $35M PH in Fort Lauderdale

Alan Hooper and 516 Northwest 1st Avenue (Credit: Google Maps)

FATVillage developer buys missing piece for mixed-use project

Bridge Development Partners partner Southeast Region Kevin Carroll and 3233-3303 Southwest 12th Avenue Fort Lauderdale

Bridge Development sells Fort Lauderdale warehouses for $28M

2300 Aqua Vista Boulevard (Credit: Realtor)

Crane mogul drops $12M on waterfront Fort Lauderdale mansion