{"id":310,"date":"2019-10-06T01:16:01","date_gmt":"2019-10-06T01:16:01","guid":{"rendered":"https:\/\/transamericandevelopment.com\/?p=310"},"modified":"2019-10-06T01:20:35","modified_gmt":"2019-10-06T01:20:35","slug":"boaters-rejoice-waterfront-publix-with-boat-access-moves-forward","status":"publish","type":"post","link":"https:\/\/transamericandevelopment.com\/boaters-rejoice-waterfront-publix-with-boat-access-moves-forward\/","title":{"rendered":"Boaters, rejoice: Waterfront Publix with boat access moves forward"},"content":{"rendered":"<p>Publix will lease the store from TransAmerican Development Corp.<\/p>\n<p>Boaters are one step closer to getting a waterfront Publix they can access via boat.<\/p>\n<p>Albert Benalloun, a principal at Miami Beach-based TransAmerican Development Corp., closed on the property at 3100 Ocean Drive in Hollywood for $4.75 million, he said. Hollywood 3100 LLC, which is tied to Carlos Tarrab of North Miami Beach, sold the vacant lot.<\/p>\n<p>Benalloun will lease the three-story store to Publix. He expects construction to start in the third quarter of 2020 and the project to cost about $18 million. The\u00a0<a href=\"https:\/\/therealdeal.com\/miami\/2018\/11\/17\/publix-plans-waterfront-supermarket-in-hollywood-with-a-dock-for-boaters\/\" target=\"_blank\" rel=\"noopener noreferrer\">property<\/a>\u00a0will include a dock where boaters can park their boats and go grocery shopping.<\/p>\n<p>The 50,095-square-foot property is situated in front of high-rise condo buildings in an area that is seeing an influx of new development, including Margaritaville Hollywood Beach Resort, a 349-room, 17-story resort at 1111 North Ocean Drive. Also nearby is Brookfield Properties\u2019 1,000-room Diplomat at 3555 South Ocean Drive, one of the largest hotels in South Florida.<\/p>\n<p>The Publix site last traded for $2.3 million in 2012, records show.<\/p>\n<p>A spokesperson for Publix did not immediately return a request for comment.<\/p>\n<p>Publix-anchored shopping centers are highly valued by real estate investors because the popular grocery store chain brings consistent traffic. Over the past few years, Publix has been buying up\u00a0<a href=\"https:\/\/therealdeal.com\/miami\/2018\/03\/08\/publix-bags-shopping-center-in-hialeah\/\" target=\"_blank\" rel=\"noopener noreferrer\">retail centers<\/a>\u00a0to become its own\u00a0<a href=\"https:\/\/therealdeal.com\/miami\/issues_articles\/why-publix-is-stocking-up-on-real-estate\/\" target=\"_blank\" rel=\"noopener noreferrer\">landlord<\/a>.<\/p>\n<p>TransAmerican Development focuses on retail and multifamily properties in South Florida. The company paid\u00a0<a href=\"https:\/\/therealdeal.com\/miami\/2016\/06\/27\/transamerican-development-closes-on-north-miami-beach-site-13m\/\" target=\"_blank\" rel=\"noopener noreferrer\">$13.4 million<\/a>\u00a0to acquire a North Miami Beach property at 16375 Biscayne Boulevard where it plans to build a 2-acre mixed development project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Publix will lease the store from TransAmerican Development Corp. Boaters are one step closer to getting a waterfront Publix they can access via boat. Albert Benalloun, a principal at Miami Beach-based TransAmerican Development Corp., closed on the property at 3100 Ocean Drive in Hollywood for $4.75 million, he said. Hollywood 3100 LLC, which is tied to Carlos Tarrab of North<\/p>\n<div class=\"h10\"><\/div>\n<p><a class=\"more-link1\" href=\"https:\/\/transamericandevelopment.com\/boaters-rejoice-waterfront-publix-with-boat-access-moves-forward\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boaters, rejoice: Waterfront Publix with boat access moves forward - Transamerican Development Corp<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.transamericandevelopment.com\/boaters-rejoice-waterfront-publix-with-boat-access-moves-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boaters, rejoice: Waterfront Publix with boat access moves forward - Transamerican Development Corp\" \/>\n<meta property=\"og:description\" content=\"Publix will lease the store from TransAmerican Development Corp. Boaters are one step closer to getting a waterfront Publix they can access via boat. Albert Benalloun, a principal at Miami Beach-based TransAmerican Development Corp., closed on the property at 3100 Ocean Drive in Hollywood for $4.75 million, he said. Hollywood 3100 LLC, which is tied to Carlos Tarrab of NorthRead more\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.transamericandevelopment.com\/boaters-rejoice-waterfront-publix-with-boat-access-moves-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Transamerican Development Corp\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-06T01:16:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-06T01:20:35+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.transamericandevelopment.com\/wp-content\/uploads\/2019\/10\/1200_MIA-Publix-091819-650x405.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"anvixaworld@gmail.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anvixaworld@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/www.transamericandevelopment.com\/boaters-rejoice-waterfront-publix-with-boat-access-moves-forward\/\",\"url\":\"http:\/\/www.transamericandevelopment.com\/boaters-rejoice-waterfront-publix-with-boat-access-moves-forward\/\",\"name\":\"Boaters, rejoice: Waterfront Publix with boat access moves forward - 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