See Mr. C
Coconut Grove-based Terra and Palm Beach-based Sympatico broke ground on their 25-story, 256-unit Mr. C luxury hotel suite and condo project on Lakeview Avenue in West Palm Beach. Tyko Capital provided a $285-million loan. Kast Construction is the general contractor. Completion is scheduled for 2027.
Glass Houses
Pennsylvania-based window and door maker Miter Brands is opening a 150-employee glass manufacturing plant in Pembroke Pines and shuttering its factories in Medley and Hialeah. Some of the Miami-Dade workers will be placed at the plant.
REAL ESTATE
- A Church of Jesus Christ of Latter-day Saints investment affiliate paid $152.5 million for the 384-unit Del Ola apartment complex in Boca Raton. The seller was a partnership of New York-based Clarion Partners and Atlanta-based Cortland.
- Nearly 20 shops, restaurants and a Publix are under construction at Avenir, a Palm Beach Gardens community of 1,200 homes west of Florida’s Turnpike. Avenir’s Town Center will open next summer. The Publix was originally going to open in late 2024, but a tornado spawned by Hurricane Milton damaged it.
- An affiliate of Michiganbased First Holding Management paid $15 million for the 120-room Residence Inn Boca Raton and plans to convert it to housing for students from nearby Florida Atlantic University. The seller was an affiliate of Miami-based Genesis US Properties.
- Pinecrest-based MMG Equity Partners plans to redevelop a portion of Plantation Square, a 10-acre center on University Drive, by adding 307 apartments under the name Residences at Plantation Square. The developer obtained $6 million in tax rebates from the city. MMG says it will set aside 123 units at the luxury property as workforce housing. Groundbreaking is planned for summer 2026.
- New York-based Related Companies paid approximately $117 million for Aura Delray Beach, a 292-unit rental project. Dallas-based Trinsic Residential was the seller.
- Developer Hallandale Central Park wants to build a 90-unit, eight-story building near Peter Bluesten Park.
TRANSPORTATION
- Denver-based Frontier Airlines began flying to six new cities from Fort Lauderdale- Hollywood International Airport as hometown Spirit Airlines struggles. Spirit cut service to several cities and furloughed 1,800 flight attendants.
SERVICES
- Waste Management’s Monarch Hill landfill in north Broward, “Mount Trashmore,” will close in 2050 under an agreement reached between the company, Broward County and two cities, Coconut Creek and Deerfield Beach, that vowed to go to court to stop further expansion.
MARINE
- Wilmington, N.C.-based Off the Hook Yachts opened a Fort Lauderdale brokerage and plans one in Jupiter.
RETAIL
- Weston Jewelers plans to open a five-story, 41,000-sq.- ft. flagship store on Las Olas Boulevard in Fort Lauderdale in late 2027. The site will include a rooftop restaurant and bridal studio.
- Greenwich, Conn., private equity firm Atlas Holdings paid approximately $1 billion to buy and take private the publicly traded Boca Raton-based ODP, the parent of Office Depot and OfficeMax. It employed 19,000 full- and part-time employees as of January. Office Depot, one of the early big box retailers, has been a Southeast Florida corporate headquarters fixture for decades, opening its first store in Fort Lauderdale in 1986 before booming under CEO Dave Fuente who ran it from 1987 to 2000.
EDUCATION
- Southeast Florida public schools continue to lose students. Broward saw enrollment in district and charter schools fall 11,369 to 236,548. Palm Beach saw a 6,270-student drop to 179,871. Miami-Dade schools fell 13,059 to 313,220. The Broward public school district now has 50,000 vacant seats.
- Jupiter Christian School plans to develop a new campus on an 82-acre site in conjunction with Palm Beach Gardens-based Eastwind Development’s plan to build 370 apartments on the same site.
MANUFACTURING
- Indian River County and Miami-based Nopetro Energy opened the region’s first renewable natural gas production factory. The public-private partnership’s facility takes biogas emitted from the local landfill and purifies it into high-quality methane fully interchangeable with conventional natural gas.
RESIDENTIAL
- Former CVS Health CEO Karen Lynch and her husband, Kevin, paid $10.8 million for an 8,455-sq.-ft. house in Frenchman’s Reserve in Palm Beach Gardens. They recently donated $5 million to Lynn University.
HEALTH CARE
- Dr. Rishi Singh, vice president and chief medical officer of Cleveland Clinic’s Martin North and South hospitals, resigned to become chair of the ophthalmology department at Mass General Brigham in Boston.