A partnership between BH Group, PEBB Enterprises, and Related Group is commencing the mixed-use revitalization of The Quay shopping center in Fort Lauderdale’s Harbordale neighborhood. Recently acquired for $48.5 million, the 73,000-square-foot center at 1515 SE 17th St currently houses restaurants, retail spaces, a marina and a two-story office building. Plans for redevelopment on the seven-acre site include adding up to 361 residential units and expanding retail space by an additional 12,000 square feet. Improvements will also be made to align with this new development.
Financing for this acquisition was provided by Amerant Bank.
This marks as the third joint venture between BH Group , PEBB Enterprises ,and Related Group . They are also collaborating on another major mixed-use project at former Office Depot headquarters located at6600 North Military Trail in Boca Raton.
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