Marina in Hillsboro River could be redevelop into multifamily project

February 7, 2018

Pennell’s Marine on the Hillsboro River, along with some surrounding land in Deerfield Beach, could be redeveloped into a mid-rise residential project.

Deerfield Development Resources, led by Christopher Partridge with Pompano Beach-based Partridge Equity Group, filed plans with the city to rezone an 8.4-acre site covering 12 parcels to residential at 39 units an acre. This would allow 326 mid-rise units, according to the city’s staff report.

Steve Graham, assistant director of planning and development services in Deerfield Beach, said the the Planning & Zoning Board was scheduled to hear the application March 1. Since it’s a land use amendment, the application would also require Broward County Commission approval.

Fort Lauderdale attorney Dennis B. Mele, who represents Deerfield Development Resources, didn’t respond to a request for comment.

The marine industry is one of the largest business sectors in South Florida, especially in Broward. With more people buying boats, there’s been a shortage of available marinas and storage space.

The project would be located at 414, 430, 454 and 480 N.E. First Ave.; 412, 424, 430, 446, 450 and 458 N. River Drive; 409 N. River Ave.; and 240 N.E. Fifth St. The property currently has Pennell’s Marine, which was built in 1960, and a handful of single-family homes and small apartment buildings. Some of the land is vacant.

The developer’s preliminary site plan shows that the boat slips would remain, but not the boat storage and maintenance buildings. There would be townhouse buildings along Northeast First Avenue, mid-rise buildings near the center of the property, and green space surrounding a pool that fronts the river.

The plan, designed by Aventura-based IDEA, calls the project Vista Clara Deerfield.

Deerfield Development Resources owns two of the 12 parcels that were included in its application. In January, the company paid $3 million for 40,789 square feet of vacant land at 414 and 430 N.E. First Ave.

An additional seven parcels, including the marina, are owned by entities managed by the Pennell family.

Other property owners included in the rezoning application are Ulysses Mathis Jr. and Juanita Chatman Mathis, Land & Sea Ventures, and G.A. Williams Family Land Partners.

Article source The South Florida Business Journal. 

  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?