PPG Development plans to move its headquarters, but is staying in Hallandale Beach.
The firm scooped up 1.4 acres on the southwest corner of Hallandale Beach Boulevard and Golden Isles Drive for nearly $14 million, with plans to develop its new headquarters on the site, according to a source familiar with the matter. The lots are at 1800 and 1830 Hallandale Beach Boulevard, and 1800 Layne Boulevard.
Project plans, including the height and square footage, are yet to be hammered out, though the vision is that PPG would use some of the offices and either rent out or sell the remaining spaces, the source said. Under the existing development regulations, the site allows for office, retail and residential uses.
The sellers are entities led by Michael Klinger that had purchased the parcels for a combined $4.5 million in several deals in 2015 and 2018, according to records. Klinger is managing member of real estate investment and development firm Saber, which currently has an office on the Hallandale Beach site.
Led by Ari Pearl, PPG is based at 501 Diplomat Parkway, which is less than a mile north of the purchased site.
“Hallandale is very central to the bulk of our current development projects,” Pearl said.
At 501 Diplomat Parkway, PPG is partnering with Witkoff and Premium Capital Resources on a second project phase, called Shell Bay Club, with 60 hotel keys, 108 condo-hotel units, 15-acre golf practice facility, a clubhouse with food and beverage outlets, a spa and wellness center, ballroom and entertainment space. Construction has not yet started. PPG and Premium completed the first phase, called Slate, with a 26-story, 250-unit luxury apartment building.
In North Miami Beach, PPG plans a 728-unit multifamily project with indoor and outdoor amenities on the former Nova Southeastern University campus site at 1750 and 1775 Northeast 167th Street.
Hallandale Beach has caught investors and developers’ eyes.
Developer Grupo Eco has been working on the Atlantic Village project with a pair of six-story office buildings and 118,000 square feet of restaurants and retail. In partnership with Apollo Companies, Grupo Eco is developing the final phases consisting of a 12-story, 57-unit office-condo building.
A group led by Giuseppe Iadisernia started building this year the 500-unit Oasis condominium at 1000 East Hallandale Beach Boulevard.
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