SOUTH FLORIDA NEWS

Why Mark Zuckerberg May Be Moving to Florida: $200M Indian Creek Estate

The Meta founder is reportedly in talks for a 2-acre waterfront mansion on Billionaire Bunker. If he buys, it would be one of the largest residential transactions in Florida history and another signal that California's wealthiest are hedging against tax policy.

Key Takeaways

• Mark Zuckerberg and his wife, Priscilla Chan, are reportedly in talks to purchase a $200 million estate at 7 Indian Creek Island Road in Miami, the island's only on-market listing.

• The property is owned by cosmetic surgeon Dr. Aaron Rollins (inventor of AirSculpt) and his wife, Marine Rollins, who listed the 2-acre spec estate in November.

• California is currently voting on a proposal to implement a one-time 5% tax on residents with a net worth exceeding…

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Penn-Florida's Mandarin Oriental Condo in Boca Raton: 9 Years and Counting

The luxury condo was supposed to open in 2017. After nine years of delays, multiple foreclosures across the developer's portfolio, and eight buyer lawsuits demanding deposits back, Penn-Florida now says summer 2026 is the finish line. Will it actually happen?

Key Takeaways

• Penn-Florida's Mandarin Oriental condo at 105 East Camino Real in downtown Boca Raton was announced in 2015 with a 2017 target completion; it is now expected to finish in summer 2026.

• The adjacent 164-key Mandarin Oriental hotel filed for Chapter 11 bankruptcy in December 2025 with a $140 million loan in default since 2023.

• Eight condo buyers have filed lawsuits seeking their deposits back, and Penn-Florida has faced foreclosure actions on nearly every…

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Stephen Ross Moves to Complete Condo Buyout on West Palm Beach Waterfront

A Related Ross affiliate now owns 45 of 63 units at Southbridge Condo. The remaining units are reportedly under contract, with a full buyout and luxury redevelopment expected to follow.

Key Takeaways

• Related Ross affiliate Southbridge Acquisitions purchased 27 units at 3915 S. Flagler Drive in January 2026 for $25.4 million, bringing its total ownership to 45 of the building's 63 condos.

• The remaining 18 units are reportedly under contract, with full buyout and condo termination expected within months.

• Current zoning allows an 18-story tower on the site, and neighboring parcels are also being assembled by Ross and Fort Partners for potential large-scale waterfront redevelopment.

Billionaire Stephen Ross is closing in…

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Project Tango: AI Data Centers Are Coming to South Florida Despite Backlash

UPDATE (March 2026): The February 25 town hall drew hundreds of residents who booed and catcalled presenters. The petition has grown to over 8,000 signatures. Developers have scaled the project back to approximately 1 million square feet (down from 3.69 million). The April 23, 2026 zoning vote is still scheduled.

AI data centers are the new normal in South Florida. A proposed facility near Loxahatchee is drawing backlash, but the site sits next to an FPL power plant in an already industrial corridor. Here's what buyers and homeowners need to know.

Key Takeaways

• Project Tango was originally proposed as a 3.69 million-square-foot AI data center spanning over 200 acres in unincorporated Palm Beach County, but developers have since scaled…

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One Boca vs Save Boca: Boca Raton's $4 Billion Referendum Explained

UPDATE: One Boca Failed

Boca Raton voters rejected One Boca on March 10, 2026, with 74.52% voting No. Save Boca candidates also won a majority on the city council. Read the full breakdown: Boca Raton Voters Reject One Boca: What's Next for Downtown?

A grassroots group forced Boca Raton's biggest redevelopment project to a public vote. On March 10, 2026, residents decided that downtown would not get a $4 billion transformation.

Key Takeaways

• Terra Group and Frisbie Group's One Boca project went to a public referendum on March 10, 2026, after an opposition group, Save Boca, gathered thousands of petition signatures.

• The revised plan included 765 apartments, a 182-unit condo building, 120,000 square feet of office, a hotel,…

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Link at Boca: $100M Construction Loan Moves Tri-Rail Development Forward

Boca Raton is getting 340 new apartments next to its Tri-Rail station, including 51 affordable units. In a city where affordable rentals near transit are nearly impossible to find, Link at Boca could change that.

Key Takeaways

• 13th Floor Investments and Rockpoint secured a $100 million construction loan from Santander Bank for Link at Boca, an 8-story mixed-use project at the Boca Raton Tri-Rail station.

• The project will deliver 340 apartments (including 51 affordable and workforce units), 24,000 square feet of retail, and a 650-space parking garage on publicly owned land leased from the South Florida Regional Transportation Authority.

• Tri-Rail hit a record ridership of 4.5 million rides in 2025, surpassing its pre-pandemic…

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Developer Wants to Fill a Lake to Build Apartments in Davie: Broward's Land Crisis

A $141 billion real estate investor is asking Davie to let it drain a community lake and replace it with 72 new apartments. It sounds extreme, but in a county with almost no vacant land left, this might be the new normal.

Key Takeaways

• Nuveen, one of the world's largest real estate investors, is seeking approval to fill a lake at Cameron Cove in Davie and build two three-story apartment buildings with 72 units.

• Broward County has less than 1% of its land still vacant and zoned for residential use, roughly 5 square miles out of 1,323 total.

• Davie's Planning and Zoning Board reviewed the site plan on February 10, 2026. The project now goes to the Town Council for a first reading on March 4, 2026.

Sunpointe Cove LLC,…

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Ken Griffin and Stephen Ross Bet $10M That South Florida Is the Next Business Capital

Stephen Ross and Ken Griffin are putting $10 million behind a national campaign to position South Florida's Gold Coast as the top destination for corporate relocations. The initiative targets CEOs, founders, and investors in high-cost cities like New York and Chicago.

Key Takeaways

• Ross and Griffin are each contributing $5 million to fund national advertising and a concierge program that helps executives relocate companies to the Gold Coast.

• Over the past 5 years, 140+ companies have already relocated to Palm Beach County, creating 13,110 jobs and $1.12 billion in capital investment.

• West Palm Beach saw a 112% increase in millionaires over the past decade. Miami saw 94%. Both surpassed New York City as the world's…

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GL Homes' $80 Million Bet on Westlake: What Silver Lake Means for Buyers

GL Homes is doubling down on western Palm Beach County. The builder just closed the first phase of a 192-acre land acquisition in Westlake for $80 million. The new parcel will become Silver Lake, a planned single-family community with more than 1,000 homes. For buyers priced out of coastal Palm Beach County, this is exactly the kind of inventory expansion worth watching.

Key Takeaways

• GL Homes purchased 192 acres from Minto Communities USA for $80 million, with a second phase expected to close next year.

• Silver Lake will include more than 1,000 single-family homes across 300+ acres. Phase 1, already approved, covers 294 homes.

• Combined with nearly 5,000 acres at the Indian Trails site, GL Homes now controls entitlements for…

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Buying a Home Together: 5 Money Conversations Couples Should Have First

Couples usually start home shopping with paint colors and neighborhoods. Experienced buyers start with money conversations. A home is one of the biggest financial commitments you will make together, and even strong relationships get stressed when assumptions turn into monthly payments. The couples who have the smoothest experience are not the ones with the biggest budget. They are the ones who talked through the hard stuff before they ever scheduled a showing.

Key Takeaways

• Start with what a monthly payment feels comfortable, not what a lender says you can afford. Add property taxes, insurance, HOA fees, and maintenance to get the real number.

• Be clear about how you are splitting the down payment, closing costs, and monthly bills.…

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