The following is an excerpt from an original artcile published by Brian Bandell at the South Florida Business Journal. View PDF | View Link
The second phase of the Lotis mixed-use development will move forward after the developer purchased the property, obtained a construction loan, and signed a new miniature golf operator as a tenant.
West Palm Beach-based 441 Partners, led by Neil Merin of NAI Merin Hunter Codman, sold the 51.6-acre site on the west side of U.S. 441, just south of the office park at 1053 S. State Road, for $13.5 million to Lotis Wellington 2 LLC, an affiliate of Boca Raton-based JKM Development.
The first phase of Lotis Wellington is currently under construction. It will have 191 apartments, 150 units of senior independent living, a 110-bed assisted living and memory care facility and 118,000 square feet of commercial space. Cooper’s Hawk Winery & Restaurant signed on as a tenant.
