New Margaritaville Hotel Proposal in Riviera Beach Amidst Previous Controversies
A new proposal to construct a Margaritaville hotel at Riviera Beach’s Marina Village has emerged, nearly a year after a previous attempt was marred by allegations of fraud. This renewed project aims to rejuvenate the area around the Intracoastal Waterway, just north of the Port of Palm Beach.
Developer Insights and Key Project Features
Robert Sonnenblick, chairman of Pacific Palisades, California, is leading this fresh initiative. He is one of four development teams vying for a chance to develop the approximately 12 acres of publicly owned land. These proposals were submitted ahead of the city’s June 27 deadline.
Project Components
Sonnenblick’s plan comprises an ambitious two-phase project that includes:
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Phase One:
- An eight-story Compass by Margaritaville hotel with 150 rooms
- A 900-space parking garage
- Five restaurant and retail spaces
- An eight-story condo building featuring 40 moderately priced condominiums with direct water views.
- Phase Two:
- A second 150-room hotel (brand yet to be revealed)
- A 15-story tower with an additional 150 condos.
This project will be crafted by the renowned architectural firm Leo A. Daly and built by Boston’s Suffolk Construction.
Previous Development Challenges
In July 2023, another developer group, which included APD Solutions and Tezral Partners, proposed a similar development but faced setbacks. By 2024, Tezral Partners shifted focus to create their own project while Sonnenblick exited the collaboration. According to records, the previous project was halted following an accusation of fraud against APD Solutions, leading to a cease and desist letter from Margaritaville Enterprises.
Key Allegations
- Fraudulent Claims: APD Solutions allegedly misrepresented their approval status, prompting Margaritaville to take legal action.
- Miscommunication: An attorney for APD later acknowledged that a draft letter was mistakenly circulated, leading to the confusion.
The Marina Village Master Plan
The proposed development is part of a broader Marina Village Master Plan, which aims to transform the 90-acre area into a vibrant blend of residential and commercial spaces, currently defined by a marina, parking lots, and dining options.
Upcoming Projects in the Area
- Tezral Partners and Related Urban: Set to build Residences at Marina Village, a 149-unit mixed-income apartment project scheduled to commence later this year.
- The Related Group, in collaboration with BH Group and Tezral, plans the Gallery at Marina Village, a 20-story building with 418 market-rate apartments.
- Forest Development: Led by Peter Baytarian, this team plans to erect Oculina, which will feature two 25-story condo towers.
Additional Developments
Baytarian is also promoting a $325 million project with 450 apartments on 2.2 acres of land at 1851 Broadway.
Conclusion
The future of the Margaritaville hotel project hinges on the city’s selection process. As competition intensifies among developers, the outcome could significantly reshape Riviera Beach’s Marina Village landscape and enhance the overall appeal of the area for both residents and visitors alike. For more details on these exciting developments, visit Riviera Beach Marina Village.
Stay updated for further developments in this high-stakes real estate endeavor!