Southeast Florida Roundup
A one-stop shop for boat buyers
One-stop shop for boat buyers
Entrepreneurs Bryan Lenett of Hallandale Beach and Michael Muchnick of Aventura founded TreatMD, a telemedicine company later acquired by GlobalMed. Both boaters, they launched Boatzon last year as a one-stop online platform for boat buyers — with boats, finance, insurance and warranty offerings. They say it fills a void in the boating and marine industry. “I hope my ongoing theme of introducing technology in sectors that lacks it improves the overall visibility and exchanging of information in the marine sector,” says Muchnick, COO. Lenett is CEO.
- West Palm Beach-based Cheney Bros. received Port St. Lucie City Council approval for the first phase of a $65-million, 522,527-sq.-ft. distribution center and food service warehouse in Legacy Park at Tradition. Cheney expects to employ at least 275 in the first phase, scheduled for completion in 2023.
- Amazon plans to finish by September its third St. Lucie facility, a 220,000-sq.-ft. delivery center in Legacy Park, which will employ 200 full time.
- FedEx Ground opened its 245,000-sq. ft. sorting center earlier this year at Legacy Park.
- The South Florida Manufacturers Association appointed Roberto Plazola, formerly of Telefonica Global Solutions, president.
- Julie Price, COO of disability services firm Arc Broward, will succeed Dennis Haas as president and CEO when he retires at the end of the year after 25 years. Under Haas, Arc’s budget has grown from $1.5 million to $20 million with 350 employees, nine locations and 21 programs such as Arc Culinary and Arc Educates.
- After four years, developer Charles Cohen won West Palm Beach city commission approval for hisWest Palm Point, a 23-story, 443,296-sq.-ft. office building on the “tent site,” a 2.4-acre property near the entrance to downtown at Okeechobee Boulevard and South Dixie Highway.
- GL Homes plans approximately 500 homes for the former Boca Raton Municipal Golf Course it acquired for $65 million.
- The Mastroianni family, developers of Harbourside Place in Jupiter, plans a four-story office building in Tequesta to house its Allied Capital and Development firm and its car collection.
- Ellish Builders plans Delray Ridge, a 14-home gated community on Swinton Avenue with homes beginning at $3.25 million.
- Daniel Dennis, formerly a real estate executive in Mobile, Ala., became president of Palm Beach-based Illustrated Properties, a unit of the Keyes Family of Companies.
- New Jersey-based Woodmont Industrial Partners acquired 116 acres in the Palm Beach Park of Commerce for $40.45 million.
- Aventura-based Cardone Capital acquired two apartment projects in Broward for $355 million — the 585-unit San Michele Collection in Weston and the 387-unit Colonnade Residences in Sunrise, which will be renamed with Cardone’s 10X Living brand.
- Key International and Wexford Real Estate acquired the 219-suite Fort Lauderdale Marriott Pompano Beach Resort & Spa for $54 million.
- Grocer Sprouts opened an Oakland Park store, its eighth in South Florida and 33rd in the state.
- Investment firms Vista Equity Partners and an affiliate of Elliott Management will buy Citrix Systems, founded and headquartered in Broward, for $16.5 billion and take the company private. The software firm will be combined with California-based TIBCO Software. The company, operating as Citrix, will remain headquartered in Fort Lauderdale. It employs 9,400, with 1,415 in Fort Lauderdale.
- Denver-based discount carrier Frontier Airlines agreed to buy Miramar-based ultradiscount carrier Spirit Airlines for $6.6 billion in cash, stock and assumed debts and leases to create a low-fare rival to the big four airlines. Spirit employs 8,756.
- Private passenger rail company Brightline began construction of its Boca Raton station and the parking garage that will serve the station and the downtown library. Brightline expects to open an Aventura station this year and extend service to Orlando in 2023.
- The Florida Public Service Commission added a second area code — 728 — to Palm Beach County to accommodate growth as the 561 area code nears capacity.