SOUTH FLORIDA NEWS

Holiday Inn in Boca Raton to Become 125 Apartments

Opterra Capital's hotel-to-apartment conversion just got a unanimous 7-0 vote from Boca Raton's Planning and Zoning Board. The project turns a Holiday Inn into 125 units, including 20 affordable and workforce housing apartments.

Key Takeaways

• Boca Raton's Planning and Zoning Board voted 7-0 to approve converting a Holiday Inn into 125 apartments.
• The project includes 20 affordable and workforce housing units with a 50-year restriction.
• City Commission final approval is still required, but the project has strong support.

Boca Raton-based Opterra Capital and Charleston-based Montford Group bought the Holiday Inn & Suites at 701 NW 53rd Street in July 2021 for $13.3 million. After years of planning, they received a unanimous 7-0 vote…

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Rosewood West Palm Beach: Related Group's 27-Story Plan

Related Group and BH Group are planning a 90-unit Rosewood tower on North Flagler Drive in West Palm Beach, and the city just approved the project. It's their second branded luxury bet on the same corridor in less than a mile.

Key Takeaways

• Related Group and BH Group plan a 27-story, 90-unit Rosewood Residences at 2001 North Flagler Drive.
• The developers paid $34 million for the 0.8-acre waterfront site in October 2024.
• The city of West Palm Beach approved the project in June 2026, including the 195-foot height bonus above the as-of-right limit.

Related Group and BH Group are adding a second branded luxury tower to their North Flagler Drive portfolio in West Palm Beach. The planned 27-story, 90-unit Rosewood Residences at 2001 North…

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What's the Real Play Behind Joe Lubeck's $40M Hotel Deal?

The CEO of one of the Southeast's largest apartment companies just bought the Embassy Suites in Palm Beach Gardens as a personal investment, and the deal includes 4 acres of land. Here's why the land may be the real story.

Key Takeaways

• Joe Lubeck paid $40 million for the Embassy Suites on PGA Boulevard ($34M hotel + $6M for 4 adjacent acres).
• This is a personal investment with local partners, not an American Landmark Apartments deal.
• No development plans for the 4 acres have been announced, but the land is on one of Palm Beach County's most active corridors.

Joe Lubeck, CEO of Tampa-based American Landmark Apartments (one of the largest multifamily operators in the Southeast), did not buy this hotel for his company. He bought it for…

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Inside the Collapse and Sale of Main Street at Tuttle Royale

Brian Tuttle's 43-acre mixed-use project in Royal Palm Beach fell into foreclosure, triggered a sabotage lawsuit, and ultimately sold for $60 million in bankruptcy court. Here's the full story of one of Palm Beach County's most contentious development sagas.

Key Takeaways

• Concord Wilshire Capital closed on the 43-acre Main Street at Tuttle Royale site for $60 million.
• The project collapsed under $38.4 million in debt before a single shovel hit the ground.
• The new owner plans 401 apartments, 426,000 sq ft of retail, a 125-room hotel, and office space.

Main Street at Tuttle Royale was supposed to be the commercial anchor of a 200-acre master-planned community in Royal Palm Beach. The 43-acre site at the corner of US 441 and Southern…

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Larry Mastropieri on Living The Red Life: Inside a $100M Real Estate Empire

Reagan Gutierrez sits down with Larry Mastropieri, the Boca Raton Realtor® behind 2,000 home sales, $100 million in annual volume, and a personal portfolio of over 100 apartment units. The 22-minute conversation unpacks soccer at the Olympic development level, a dual engineering degree, a life-shaping health journey, and the systems that built The Mastropieri Group.

The best agents rarely win because of real estate alone. They win because of everything that happened before the business card arrived. Larry Mastropieri proves the point across 2,000 home sales, $100 million in annual volume, and a playbook forged outside the industry. Most real estate podcasts skip the backstory, yet this one heads straight for it.

Larry Mastropieri on Living The Red…

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Mandarin Oriental Miami Imploded: What's Coming Next

Why would anyone demolish a 25-year-old Forbes Five-Star hotel? Because what's replacing it is worth it. Here's what Swire Properties is building on Brickell Key.

Key Takeaways

• The Mandarin Oriental Miami was imploded on April 12, 2026, after 25 years of operation.
• The Residences at Mandarin Oriental, Miami will include 298 condos across two towers (66 and 34 stories).
• Swire Properties already owned the land, giving them a zero-cost land basis on a $1B+ project.

The Mandarin Oriental Miami opened in 2000, anchoring the southern tip of Brickell Key for 25 years and hosting some of the world's biggest celebrities. After closing permanently in May 2025, Swire Properties brought it down in a controlled implosion on April 12, 2026—the…

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Larry Mastropieri Joins the Legacy Makers Cast Alongside Carmen Electra and Tim Storey

Larry Mastropieri now shares the screen with global entrepreneurs, athletes, and cultural icons in Legacy Makers Season 1. The breakout docu-series streams worldwide on Apple TV, Roku, and Amazon Fire TV through Inside Success TV.

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Legacy is never built by accident. It comes from years of quiet decisions, bold pivots, and the kind of consistency most people never notice. That idea drives Legacy Makers, the new docu-series now streaming on Inside Success TV. Now, South Florida Realtor® Larry Mastropieri is officially part of the cast.

He joins celebrity names like Carmen Electra and Tim Storey in Season 1. Host Rudy Mawer leads each episode as a founder-led masterclass series, not a scripted pitch. The show streams worldwide on Apple TV, Roku,…

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Plantation Walk's Final Building Brings 297 Apartments

A $67 million construction loan will fund the final phase of Plantation Walk, completing a 20-year transformation from a hurricane-damaged mall to a live-work-play district. Here's what the last building will include.

Key Takeaways

• White Oak Development secured a $66.61 million loan for 297 apartments and 16 live-work units.
• The site was once the Broward Fashion Mall, which closed in 2006 after Hurricane Wilma damage.
• This final building completes the 27-acre Plantation Walk mixed-use campus on University Drive.

White Oak Development has secured a $66.61 million construction loan for the final building at Plantation Walk, a 27-acre mixed-use campus on University Drive in Plantation. The eight-story structure adds 297 luxury apartments…

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Related Ross Expands to Broward With $37M Coral Springs Deal

The South Florida-focused developer just made its first Broward County acquisition with a 21.8-acre office campus in Coral Springs. Here's why the sale-leaseback structure and the size of the land suggest this is a longer-term play.

Key Takeaways

• Related Ross paid $36.5 million for a three-parcel office campus in Coral Springs Corporate Park.
• Fiserv remains a tenant through March 2029, providing Related Ross with income while planning what comes next.
• This is Related Ross's first public move into Broward County after focusing on Palm Beach County since 2024.

Related Ross acquired a three-parcel office campus in Coral Springs for $36.5 million in a sale-leaseback deal. The seller, Fiserv (a major payments processor), remains a tenant…

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Inside the $107M Builder Bet on Avenir

GL Homes, PulteGroup, and Hearthstone just paid a combined $107.4 million for 164 home sites in Palm Beach Gardens. Here's what you need to know about this master-planned community.

Key Takeaways

• GL Homes, PulteGroup, and Hearthstone paid a combined $107.4 million for 164 lots in Avenir.
• Avenir is a 4,752-acre master-planned community with 3,900 planned homes in Palm Beach Gardens.
• The Avenir Town Center Publix opened May 21, 2026, with the full nearly 200,000-square-foot Town Center activating through Summer 2026.

Three top South Florida homebuilders jointly bought 164 homesites at Orchid Isles in Avenir, Palm Beach Gardens, for $107.4 million. GL Homes acquired 42 sites for $28.1 million ($669,000 each), DiVosta Homes bought 62 for…

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