SOUTH FLORIDA NEWS - Larry Mastropieri

Hollywood's Bid to Join South Florida's Top Tier Explained

Public-private partnerships, a planned commuter rail, and billions in private investment. Hollywood is positioning itself as a serious alternative to Miami, Fort Lauderdale, and West Palm Beach. Here's what's actually happening.

Key Takeaways

• Hollywood claims more than $2 billion in new private investment, though independent reporting in October 2025 cited "more than $1 billion."
• University Station, a $100 million affordable housing project with a pre-built commuter rail garage, is expected to be completed in Spring 2025.
• The Broward Commuter Rail (BCR) is in federal planning but not yet funded or under construction.

South Florida's development story has long centered on Miami, Fort Lauderdale, West Palm Beach, and Boca Raton.…

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Larry Mastropieri Ranked Top Selling Realtor® for Waterfront Homes in Boca Raton

Boca Raton's waterfront market operates differently from the rest of South Florida. The city sits between three navigable Atlantic inlets, with its own Boca Inlet anchoring the eastern edge. That position creates rare variety inside a small footprint. A single drive can separate oceanfront condo towers, Intracoastal estates, deep-water canal homes, and gated community lakefront properties. Larry Mastropieri has closed verified transactions across every one of those waterfront tiers. The Mastropieri Group's Boca Raton waterfront record now stands at 139 personal closings worth more than $84 million in sale volume. ListWithClever, an independent MLS performance tracker covering 646 active Boca Raton agents, ranks Larry #1 in the city by total local sales.

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Fort Lauderdale Approves Opus at 701: 54 Waterfront Condos

A 1955 hotel is coming down. A 13-story luxury condo is going up. The city commission voted unanimously, and the neighborhood is largely on board. Here's the full picture.

Key Takeaways

• The Fort Lauderdale City Commission unanimously approved Opus at 701, a 54-unit luxury condo on the Intracoastal Waterway.
• The project replaces the Manhattan Tower, a structurally unsound 1955 Mid-Century Modern hotel.
• Construction is set to begin in Q1 2027, with units ranging from 1,303 to 3,384 square feet.

The Fort Lauderdale City Commission has unanimously approved the site plan for Opus at 701, a 13-story, 54-unit luxury condo along the Intracoastal Waterway in Fort Lauderdale's North Beach area. The project will replace the Manhattan Tower, a…

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Better Cell Signal? KKR Puts $1.5B on Delray's Vertical Bridge

One of the world's largest private equity firms just invested $1.5 billion in a wireless infrastructure company headquartered in downtown Delray Beach. The bet: connectivity is becoming a core piece of modern real estate.

Key Takeaways

• KKR announced a $1.5 billion preferred equity investment in Vertical Bridge, valuing the company at $10 to $15 billion.
• Vertical Bridge owns and operates more than 17,000 cell towers across all 50 states from its headquarters at Sundy Village in Delray Beach.
• The company raised over $3.4 billion in the first four months of 2026 alone.

If you've ever dropped a call in Boca Raton or struggled with signal in parts of Delray Beach, you're not imagining things. Connectivity is a real issue in South Florida,…

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Skye Apartments Tops Out at Parks at Delray: 327 Units

Phase one already proved the concept. Now the second residential building along Delray Beach's Congress Avenue corridor has reached its construction milestone, with delivery set for 2027.

Key Takeaways

• Skye Apartments is the second phase of the 43-acre Parks at Delray mixed-use development near I-95.
• The project includes 327 rental units, 10% of which are designated as workforce housing.
• Phase one (Savio, 420 units) was completed in May 2025 and quickly secured a $139 million refinancing loan.

Construction has topped out on Skye Apartments, the second residential phase of the Parks at Delray master-planned development at 2350 South Congress Avenue in Delray Beach. According to Florida YIMBY, the milestone was recently commemorated…

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Inside a Billionaire's $40M Fort Lauderdale Foreclosure Flip

WeatherTech founder David MacNeil paid $377,800 to reclaim a mansion he originally sold for $40 million. He just closed the resale at $26 million. It sounds like a windfall, but the real lesson is about the risk of seller financing.

Key Takeaways

• MacNeil seller-financed $30 million of the original $40 million sale, creating the risk that led to foreclosure.
• He paid $377,800 in August 2024 to reclaim the property after the buyer stopped making payments.
• The mansion closed at $26 million on April 30, 2026, after listing at $36 million in November 2024.

The WeatherTech founder, David MacNeil, just sold a Fort Lauderdale oceanfront mansion for the second time. The first sale, in October 2023, set a Broward County record at $40 million.…

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Why NYC Developers Are Betting Billions on South Florida

Harry Macklowe, Steve Ross, Michael Stern, Miki Naftali. The names behind some of Manhattan's most iconic towers are now building across Miami-Dade, Broward, and Palm Beach County. The conditions here are attracting serious capital, but success still depends on local execution.

Key Takeaways

• At least six major NYC developers now have active projects across South Florida's tri-county region.
• Steve Ross's Related Ross has a 3.8 million-square-foot pipeline focused on West Palm Beach.
• Two high-profile projects from Manhattan developers are already facing foreclosure.

The joke that Miami is New York's sixth borough has been around for years. But the capital flowing between the two cities is no joke. Some of the biggest names in Manhattan…

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Flying Cars Are Coming to Florida: What the New Law Means

Florida is now funding landing pads for electric aircraft that aren't in commercial production yet. The bet: the technology will catch up, and South Florida's congested corridors will be ready.

Key Takeaways

• HB 1093 allows FDOT to fund up to 100% of public vertiport construction if federal funds are unavailable.
• Vertiports are landing hubs for electric VTOL aircraft, often described in coverage as "flying cars."
• The technology is still early, but Florida is creating the funding path before the market matures.

Governor Ron DeSantis signed HB 1093 on April 21, 2026, allowing the Florida Department of Transportation to fund vertiport construction across the state. Vertiports are designed to serve as hubs for short aerial commutes via…

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Larry Mastropieri Ranked Highest Selling Realtor® in Boca Raton

Boca Raton's housing market runs the full spectrum, from sub-$200,000 condos in central submarkets to $40 million oceanfront estates along the Intracoastal. Most agents pick one price band or one corner of the city and stay there. Larry Mastropieri has worked across every segment for more than a decade. His personal Boca Raton record currently covers 428 closed sales worth more than $243 million in verified volume. ListWithClever, an independent platform that tracks MLS performance across 646 active Boca Raton agents, ranks Larry #1 in the city by total local sales. The closed-sale count behind that ranking runs more than twice the volume of the next-ranked Realtor® in Boca Raton.

That record covers single-family homes, condos, villas, and townhouses…

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E.R. Bradley's vs. City Hall: The WPB Waterfront Standoff

Stephen Ross pledged $30 million through Related Ross to fund a new waterfront park along Flagler Drive. But the plan hit a wall when the city approached a 42-year-old family restaurant about relocating. E.R. Bradley's said no. The eminent domain word came up. And now the whole thing is on pause.

Key Takeaways

• West Palm Beach paused a proposed waterfront park after the owners of E.R. Bradley's Saloon refused to relocate.
• Related Ross committed $30 million to fund the park with no development rights attached.
• The mayor denies raising the issue of eminent domain, but the restaurant's owners say it was discussed.

A billionaire developer pledges $30 million to turn a stretch of Flagler Drive into a waterfront park. The city approaches a…

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