Blogs
October 30, 2019 | Candace Friis

Real Estate Notebook: Oceanfront Delray mansion sells for $12 million

It took less than a month for an oceanfront mansion in Delray Beach to sell for $12 million cash.

The five-bedroom home at 701 S. Ocean Blvd. has 120 feet on the water. The buyer was 701 S. Ocean Blvd. LLC, an entity headed by Thomas J. Campbell, property records show. The sellers were successor trustees to the Mary Ella Alfring Revocable Trust.

The Corcoran Group’s Candace Friis, who represented the buyer, said her client intends to tear it down and build a new home. Corcoran’s Betty Devitt represented the sellers.

The home, built in 1948 seven blocks south of Atlantic Avenue, hit the market in late April for $13.5 million, according to the listing. The sale closed May 8.

While many homes are taking longer to sell than they would have a year ago, luxury properties are in high demand because they’re relatively scarce. The high-end market is so hot that some developers are building “on spec,” without a buyer in place.

Local green building group announces keynote speaker

Rick Fedrizzi, the founding chairman of the U.S. Green Building Council, will deliver the keynote address at the annual awards celebration for the group’s South Florida chapter.

GalaVerde 2015 will be Sept. 19 at the Hyatt Regency Pier 66 in Fort Lauderdale. The local chapter is based in Boca Raton.

Deerfield’s Southlake Plaza signs headquarters lease

Driver’s Alert has agreed to a lease for its 40-person headquarters at Southlake Plaza in Deerfield Beach, the plaza’s owner said.

The company, which offers driver-safety solutions for fleet managers, signed a seven-year deal for 8,410 square feet at 1350 E. Newport Center Drive. It moved its base from Lighthouse Point and plans to double its workforce in the next five years, President Mike Kroll said in a statement.

Meanwhile, YouFit Fitness Clubs is renewing and expanding at Southlake, taking 9,555 square feet to almost double its current headquarters space there.

The two-building, 123,288-square-foot Southlake Plaza, owned by S&K Worldwide Realty, is within the 119-acre Newport Business Center. AT&T and JP Morgan Chase also have offices at Southlake.

Fort Lauderdale rental fetches $4.45 million

Bellagio Condominiums, a 48-unit apartment complex in Fort Lauderdale, sold for $4.45 million.

Coral Springs-based Symphony Builders at Bellagio bought the property from Bellagio Partners of Fort Lauderdale LLC. Marcus & Millichap represented the buyer and seller.

The property, 1931-1941 NE 51st St., previously was a condo. It sold just above asking price, according to Marcus & Millichap.

Skanska USA announces hospital renovation

Skanska USA is handling a $32.7 million renovation at the Chris Evert Children’s Hospital at Broward Health Medical Center in Fort Lauderdale.

The project includes 102,000 square feet of inpatient and outpatient areas, featuring private rooms for parents to remain with their critically ill or injured children. The renovation started this year and is expected to be complete in December 2018.

“With Florida’s population growing at a steady clip, we’re seeing many health care providers and hospitals racing to meet rising demand through expansion and renovations,” Fred Hames, general manager at Skanska USA Building in Florida, said in a statement.

The New York-based construction and development firm has a regional office in Dania Beach.

Free webinar discusses new legislation for condos, HOAs

The Community Association Leadership Lobby will have a free webinar Tuesday to discuss how new legislation will affect community associations.

CALL is a legislative advocacy group. The free event will be from 2 to 3 p.m. with Executive Director Yeline Goin and Donna DiMaggio Berger, a shareholder with the Becker & Poliakoff law firm. To register, go to bplegal.com/events.

Staff researcher Barbara Hijek contributed to this report.

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