Ground-breaking by Colonial Development Group was tentatively set for year end or first quarter 2003 after the Fort Lauderdale city commission approved the final site planTuesday for the five-building, 4.2-acre oceanfront redevelopment venture on A1A between Riomar Street and Bayshore Drive, 25 miles north of Downtown Miami. Completion is anticipated by 2005.
The Capri will comprise 346 hotel rooms, 171 timeshare units, 33015 sf of retail, 25,000 sf of banquet/meeting space, three restaurants, three cocktail lounges and a 14,900-sf health club.
In a prepared statement, Dan Adache, managing director/principal of Colonial Development and chairman of Adache Associates, the project's design firm, says he is negotiating with Hotel Inter-Continental and other brand-name companies to manage the hotel and timeshare units.
Adache credits the Fort Lauderdale office of Miami-based Shutts & Bowen for expediting the land use permitting process with the city and the state. The law firm "obtained a quick determination from the Florida Department of Community Affairs that this project is not a development of regional impact, thereby expediting our development timetable," Adache says.
Heading the Shutts & Bowen team were George Platt, Stephen Tilbrook and Sidney Calloway.
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