Kushner Providers is underneath contract to purchase a land assemblage in Hollywood close to the Seminole Challenging Rock Resort & On line casino, The Authentic Deal has discovered.
New York-based mostly Kushner, led by Charles Kushner, his daughter Nicole Kushner Meyer and Laurent Morali, is acquiring the two adjacent plots at 4220 and 4231 North 58th Avenue, according to sources. The web sites are just south of Stirling Highway and east of U.S. Route 441. They total about 5.7 acres.
Kushner will search for approvals for a roughly 480-device condominium venture, the sources claimed. The company is not envisioned to take benefit of the Live Neighborhood Act. The new state law supplies developers with height, density and tax incentives if they integrate revenue-restricted workforce housing into their tasks.
It is unclear when Kushner is anticipated to shut on the web sites and how a lot it will fork out for them. The enterprise declined to comment on the bargains.
Property data demonstrate 58 Oak LLC, led by Ari Pearl and Reuven Rogatinsky, is advertising the more compact parcel at 4231 North 58th Avenue. It final traded for $1.6 million in 2018.
The 4.2-acre Hollywood website on the west aspect of 58th Avenue is owned by 4220 N 58th Avenue Associates LLC, led by Fort Lauderdale lawyer Samuel Rogatinsky. It beforehand traded for $2.8 million in 2021. It contains a 5,500-sq.-foot home, data demonstrate.
Aaron Jungreis of Rosewood Realty Group marketed the assemblage off-marketplace. Michael Szafranski, who heads acquisitions in Florida for Kushner, is symbolizing the company.
Pearl, who did not quickly reply to a ask for for comment, has been energetic in Hollywood and Hallandale Seaside. Previously this thirty day period, his corporation, PPG Advancement, secured a land use transform from the town of Hollywood for The Club at Emerald Hills golf system. PPG now plans to redesign and redevelop the study course with 332 condos, pending web site program and rezoning approvals.
His firm also redeveloped the Shell Bay Club at 501 Diplomat Parkway in Hallandale, formerly called the Diplomat Golf & Tennis Club, with an enlargement of the golf course and a new 26-story, 250-unit apartment developing. He’s also establishing Shell Bay Residences with Witkoff.
Kushner’s prepared condominium progress marks its 1st in Hollywood. In Fort Lauderdale, Kushner and Aimco approach to develop a web page around the Brightline station into nearly 1,000 household models. They offered a portion of the much larger assemblage to condo developer Harvey Hernandez in December for $31.2 million.
At the start off of the 12 months, Kushner secured approval for a nearly 90-device luxurious condominium enhancement on the non-waterfront aspect of Collins Avenue that will incorporate a roughly 1,200-square-foot synagogue — marking Kushner’s initial task in Surfside.
The firm also has initiatives in Miami Gardens, and the Wynwood and Edgewater neighborhoods of Miami.
