A trio of investors, together with a parking govt entangled in a 2018 Miami fraud scenario, paid out a merged $21 million for a waterfront boat income and restore facility and a improvement web page around the beach in Fort Lauderdale.
An entity managed by Andrew Beachler, president of Miami-centered Beachler Cash Corp., obtained the Marina Mar Building at 3100 East Oakland Park Boulevard and an adjacent parking ton on 1 acre for $12 million, records and Vizzda display. Beachler partnered with Kash Patel and Peter Bostrom, principals of Fort Lauderdale-based Asta Parking, to acquire the properties, a press launch states.
The vendor, an entity managed by James Powers in Palm Harbor, Florida, furnished $2 million in financing to the purchasers. James Govin with Hermann and Govin represented the buyer, and J. Paul Raymond with Macfarlane Ferguson & McMullen represented the seller, the release states.
In 2011, the Powers entity paid $900,000 for the parking lot and Marina Mar, a 73,000-sq.-foot facility on .6 acres concluded in 1964, records present.
At the similar time as the Marina Mar and parking ton buy, another entity managed by Beachler compensated $9 million for a .5-acre vacant parcel at 2933 Poinsettia Avenue in Fort Lauderdale, about 3 miles south of Marina Mar, records and Vizzda clearly show. The residence is adjacent to the Las Olas Seaside Condos oceanfront tower. The vendor, an entity managed by Ihab Mahmoud in Doral, compensated $4.3 million for the website in 2006, data clearly show.
That growth website Beachler acquired is also about two miles north of Pier Sixty-Six, a proposed $1 billion-in addition oceanfront mixed-use job by Orlando-dependent Tavistock Growth Organization. In October, Tavistock introduced revenue for Indigo, one of two prepared rental properties at Pier Sixty-Six. The very same month, Coconut Grove-primarily based Relevant Team released gross sales for a Pininfarina-branded luxurious condominium tower also proposed in Fort Lauderdale.
In 2018, Beachler and Gabriella Caltagirone were being charged with many felonies, together with organized fraud, in Miami-Dade County. At the time, the pair owned a auto booting organization that allegedly scammed the town of Miami out of hundreds of countless numbers of bucks by not paying a essential $25 municipal rate for every single auto immobilization, according to published experiences.
In 2019, Beachler pleaded guilty to a person depend of structured fraud around $50,000. But he acquired a withhold of adjudication following finishing probation and shelling out restitution, courtroom data clearly show.
