FORT MYERS, FLA. — Fort Myers-based J.L. Wallace Inc. has finished construction of the 47,360-square-foot Country Lakes Business Center, an industrial property located at 5701 Country Lakes Dr. in Fort Myers. The two tilt-wall buildings separately house flex office and warehouse space and the Southwest Florida home of Miami-based construction firm HJ Foundation Inc. J.L. Wallace’s Fred Barry served as senior project manager of Country Lakes.
BOCA RATON, FLA. — Miller Construction Co. has completed work on the nine-story, 16-unit 5Palms, a mixed-use condominium located at 455 E. Palmetto Park Rd. in Boca Raton. The building, which was developed by the father-daughter team of Calvin and Dana Haddad, also features 5,000 square feet of ground-floor retail space and a stainless-steel pool. The building sits next to Fifth Avenue Place, offering future residents easy access to the facility’s gym.
HERNDON, VA. — Wednesday’s groundbreaking of the Arrowbrook Centre Wetlands Nature Preserve marks the first step toward completion of Northern Virginia-based Carbon Thompson Development Co.’s Arrowbrook Centre, a mixed-use project located at the intersection of Sunrise Valley Drive and Centreville Road in Herndon. The park includes an educational nature preserve, sports courts and a playing field, and it should deliver within 6 months. The center will break ground in the summer of 2009 and will feature 407 residential units, 160,000 square feet of retail space and a 422,000-square-foot office facility. The development will also house the historic home of Confederate spy Laura Ratcliffe.
ORLANDO, FLA. — Noah’s Ark Self Storage has opened an 83,000-square-foot complex at 5753 Hoffner Ave. in Orlando. Designed and built by San Antonio, Texas-based NDS Construction, the facility houses 567 units, including 328 climate-controlled spaces, which range in size from 25 to 300 square feet. Building amenities include 24-hour computerized gate access, movement-sensitive lighting and easy-glide unit doors.
BOCA RATON, FLA. — Chicago-based Laramar Group has acquired the 4.7-acre, 160-unit Oceanview Apartments in Boca Raton in a foreclosure process brokered by Apartment Realty Advisors’ Boca Raton office. The new owners will rename the property Villa Oceana Apartments and renovate the two mid-rise buildings, which were constructed in 1967. Planned upgrades include new appliances and granite countertops in every unit, an Internet café, upgraded exercise facilities and a business center.
LEXINGTON, S.C. — Boise, Idaho-based DBSI Development recently broke ground on the 7,300-square-foot, $3.25 million retail center The Shoppes at Lexington, located on Highway 378 in Lexington. Construction will begin after the site’s current occupant, Southtrust Bank, is demolished. AT&T is the first tenant, signing a lease for 3,500 square feet of retail space. The Shoppes at Lexington will deliver in mid-November.
FORT LAUDERDALE, FLA. — Construction of Florida-based DYL Group’s 4.5-acre W Fort Lauderdale Hotel & Residences, located at 401 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale, is scheduled for completion this fall. The property comprises 171 condos, ranging in size from 804 to 1,402 square feet, and 346 hotel rooms in separate 23-story towers. The property, which is the first W condominium hotel project in Florida, also features a restaurant, a nightclub and a spa.
COLUMBIA, MD. — Browen Associates has sold the 78,000-square-foot retail property Owen Brown Village Center in Columbia to an affiliate of Rockville, Md.-based Nellis Corp. for an undisclosed amount. The center is anchored by Giant Food and Dollar Tree.
SEBRING, FLA. — Jeff Schnupp of Coral Gables, Fla.-based Thomas D. Wood and Co. recently secured $1.2 million in financing for the 19,380-square-foot retail space Fairmount Place Professional Center, located at 4141 U.S. 27 in Sebring. Schnupp arranged the 6.66 percent fixed-rate loan, which has a 20-year term with a 20-year amortization, through Cincinnati-based Summit Investment Partners.
ORLANDO, FLA. — Vertical construction on Apollo Real Estate Advisors and Houston, Texas-based Rida Development Corp.’s 1,400-room Hilton Orlando has been completed. The 19-story building, located at 6001 Canadian Court in Orlando, features 80,000 square feet of ballroom space, 21 meeting rooms and nine boardrooms. The property, which will open in the third quarter of 2009, will be the first hotel connected to the Orange County Convention Center.
