Associated, BH and Pebb rating approval for Workplace Depot campus mixed-use venture

A partial redevelopment of Boca Raton’s Workplace Depot campus received a key metropolis approval.

On Thursday evening, the Boca Raton Planning and Zoning Board voted in favor of a web site plan by Associated Group, BH Group and Pebb Enterprises to exchange an present workplace constructing with an eight-story constructing with 500 flats, almost 43,000 sq. toes of retail and restaurant area and a 36,400-square-foot health middle. The venture would additionally embody 1,160 parking areas, and 10 % of the flats can be put aside for inexpensive housing. 

The three way partnership plans to construct the venture in 4 phases, beginning with the demolition of a 215,000-square-foot workplace constructing on the almost 29-acre web site at 6600 North Military Trail. 

Two different workplace buildings spanning 400,000 sq. toes and a parking storage would stay intact. A majority of the area is leased to Workplace Depot for the subsequent 4 years. 

Coconut Grove-based Associated is led by Jorge Pérez and his sons Nick and Jon Paul Pérez. Aventura-based BH is led by Liat and Isaac Toledano, and Boca Raton-based Pebb is led by Ian Weiner. 

In April 2023, BH and Pebb paid $104 million for the 651,000-square-foot advanced, and Associated joined the partnership later that 12 months. 

In Might, the identical trio acquired The Quay at seventeenth Avenue, a 7-acre mixed-use web site in Fort Lauderdale with a shopping mall, a two-story workplace constructing and a six-yacht marina. Associated, BH and Pebb paid $48.5 million for the waterfront property, which has metropolis approvals for a brand new mixed-use venture with 361 condos or flats and 12,000 sq. toes of retail and eating places. 

The three way partnership has not revealed its redevelopment plan for The Quay at seventeenth Avenue. 

In downtown Miami, BH and Pebb partnered with Chicago-based John Buck Firm and Miami-based Florida Worth Companions to develop a deliberate 41-story mixed-use tower in downtown Miami. The three way partnership purchased a 1-acre web site with a four-story warehouse, an unfinished parking storage and two vacant parcels for $39.5 million in 2023.