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Byrd
Beach Estates
Highland Beach, Florida
This development started
with a walk on the beach and
the discovery of an old
oceanfront hotel. A purchase
agreement was drafted and
then Stoltz master planned
the site for the
construction of eight (8)
single family ocean front
estates. Specific
construction issues relating
the coastal construction
were dealt with handily.
Construction of the luxury
residences started without
any pre-sales in place.
Construction on the last
remaining lot is pending.
Boca Palms & Racquet Club
Apartments
Boca Raton, Florida
In a strong rental market
Stoltz recognized the value
of a large rental unit.
Therefore, after the 24 acre
site was secured, a master
plan was developed to
incorporate many large 2 and
3 bedroom units affording a
higher than average per unit
rental rate. This large
scale 568 unit project was
completed under budget. An
amenities package was also
created to include 24/7
manned security, on site
convenience store (managed
by developer), 2 swimming
pools and heavy landscaping.
This property was later sold
to PREIT (NYSE: PEI).
Marathon Resort & Marina
Marathon Key, Florida
This 79 “all suite” resort
hotel was developed in the
Florida Keys where new
construction is rare. The
construction on this
waterfront site, which
includes a marina, required
navigating various approvals
from many local and state
agencies. After operating
this boutique resort hotel
for a few years, this
property was sold to
Blugreen Corporation (NYSE:
BXG) which capitalized on
the foresight of Stoltz
which created large all
suite rooms providing for a
very successful conversion
to a time share resort.
3600 South Ocean
Boulevard
Palm Beach, Florida
This 24 unit luxury
condominium building was
developed on one of the last
remaining direct oceanfront
sites in Palm Beach,
Florida. Shortly after the
start of construction Ritz
Carlton announced their plan
to commence construction of
their newest resort just
steps away. The building was
designed with each of the
units having ocean to
Intracoastal views, direct
elevator access into each
unit, larger than average
wraparound balconies, and
garage parking.
Brewzzi Restaurant
- Boca Raton, Florida
- West Palm Beach, Florida
This upscale Italian bistro
and microbrewery is the
brainchild of Mr. Stoltz.
Now with 2 locations in
South Florida, the annual
gross revenue exceeds
$10,000,000. Mr. Stoltz was
enticed into the restaurant
business by a smart,
emerging concept and an
excellent long term lease
for arguably the best
restaurant location in a
market where many national
restaurant chains have their
highest producing locations.
The brewed beer has won many
medals at the prestigious
Denver Beer Festival. The
construction costs exceeds $300/sq ft
per location.
The first site was developed
on a pad site. |
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