Inverrary Vacation Resort sold at bankruptcy auction for $12.2M

Monday Jun 12th, 2017


U.S. Bankruptcy Judge Paul G. Hyman Jr. approved the winning bid of $12.23 million for the Inverrary Vacation Resort in Lauderhill on Friday. The winning bidder was GranVita 2 LLC, managed by Luis Navas and Maria Navas in Toronto. In May, GranVita 2 LLC acquired the $6.38 million first mortgage on the property from an affiliate of Miami Beach-based Safe Harbor Equity Managers. Attorney Joe M. Grant, who represents Chapter 11 trustee Maria Yip in the case, said GranVita 2’s $12.225... [read more]

Spirit Airlines operations have returned to normal as mass cancellations end

Friday May 19th, 2017


Spirit Airlines Inc.'s pilot problems seem to have ended. The Miramar-based airline (Nasdaq: SAVE) said its abnormal wave of flight cancellations has come to a halt, with fewer than 1 percent of its flights cancelled since Mother's Day and no cancellations since the start of the week. Earlier in the month, the airline was reporting as many as 50-60 flights cancelled a day across its system, stranding thousands of passengers. “The wave of cancelled Spirit flights is behind... [read more]

Lennar breaks ground for Parkland Bay development

Monday May 1st, 2017


Miami-based Lennar Corp. broke ground last week for a master-planned development of single-family homes in Parkland, the only part of Broward County with enough vacant land for major home-building projects. Lennar began construction and sales of the 552-home development, called Parkland Bay, located near the intersection of West Hillsboro Boulevard and Nob Hill Road. The mayor of Parkland, Christine Hunschofsky, said the 400-acre Parkland Bay project is one of the last large-scale... [read more]

Developer launches third home community in this Broward city

Tuesday Apr 25th, 2017


Developer 13th Floor Homes has launched sales and construction of its third single-family home community in Tamarac. The homebuilding arm of Miami-based 13th Floor Investments previously launched Central Parc and Manor Parc in the city. Now it’s getting started on Hidden Trails, which will be southeast of Florida’s Turnpike near Commercial Boulevard. The official address is 4893 N.W. 55th Place. The 214 homes will range from 1,580 to 2,086 square feet. They are priced from... [read more]

Luxury senior housing proposed for Fort Lauderdale Riverwalk site

Monday Apr 10th, 2017


  In a bustling downtown with sleek new apartments and condominiums built for well-to-do millennials and empty nesters, Jean Francois Roy is trying to appeal to a different demographic. The Canadian developer wants to build a 42-story rental along the Fort Lauderdale Riverwalk for seniors — some in need of assisted-living and memory-care services. Roy insists it would be the perfect use for the prime property at 333 N. New River Drive East, two blocks south of Las Olas... [read more]