1616-27 Various Miami Beach 4 ,
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IS A fourth Ritz-Carlton is
` slated for Miami-Dade County. ,
But don't plan on checking in.
t P i This time-share and condo
complex in Miami Beach will be
for owners only. ,
BY DOUGLAS HANKS III
AND MATTHEW HAGGMAN
-___ AAL-.--.- AZ/HERALDSTAFF dhanksa)herald.com
iner and company investor in the Davie Developers plan aRitz-Carlton
her research for the 33 acre project. The condominium and time-share corn-
IL her
and how to improve the experience. Mex in- Miami Beach,rryto the carrythe fourth
p Miami-area property t
C luxury hotel brand.
DE Diego Lowenstein,whose family
owns the Ritz-Carlton in South
RI� Beach, said he and Miami-based
developer Fortune International
ALLS. E R OA D plan to convert the Seville Beach
nancia Hotel at 29th Street and Collins
Avenue into an unspecified num-
4Ioneti JLANS FOR A GIANT TRUCK ber of condominiums and extend-
on wl =OR ABOUT $17.6 MILLION. ed-stay time-shares known as frac-
tional ownerships.
2ntina, Owners of those units have the
said. right to use them for a month or
.rgentL Last month, the company more, instead of the one-week
efaulte bought the Davie site from Jolmy stays typical for time-share proper-
fer is s� • Enterprises for about $17.6 mil- ties.
lion. To build the new Ritz-Carlton,
:ountri The new owner expects to Lowenstein plans to demolish part
with break ground in about five months of the 1955 hotel and build a pair of
on the$50 million project,which 21-story towers on the oceanfront
has c:.��
n lc will include parking for about 300 property once known for hosting
18-wheelers,44 fuel pumps, four boxing matches.
convenience stores,restaurants,a Miami Beach zoning officials
doctor's office, gym and other have recommended that the city's
ion amenities.A hotel is slated in the historic preservation board reject
ia's /2 mile project's second phase.About 60 the plan, saying the Seville
per IALD STAFF of the parking spaces will have ' shouldn't grow beyond its current
be . electrical hookups so drivers don't 12 stories and the hotel's old Mata-
MF have to run their engines for air dor room should be saved, docu-
has ir,led by conditioning or heat. ments on file with the city say.
ent Jd Brau- Davie Travel Center seeks to If it wins zoning approval, the
ere ing simi- succeed where Jolmy failed.Jolmy venture would bring a fourth Ritz-
ed more spent at least seven years working Carlton property to a region that
ing .various on development plans before giv- already has three Ritz-Carlton
hat ind inter- ing up and selling the land. hotels: in South Beach, Coconut
ors ck dealers
'bt- ence,she *TURN TO TRUCK STOP,3C *TURN TO RITZ,3C
(Ao
one
d's '
;.it:
1.
it; -s into pest-control sector =- ;.
hat . ,
)t a `. '
all- ! H. in Fort Lauderdale. "This is mer president of Huizenga's ,
exactly what he taught every- private investment firm, was
ally body" when he built Waste investing $15 million to $25 MAN WITH A
one Management,Blockbuster and million in Sunair. PLAN:
/es 's is AutoNation. Sunair shares rose $1.25 to An investment
)n, lale For that reason, investors close at$14.20 on Friday,when firm led by
me ling like Reisert apparently are shareholders at the company's Richard C.
tar- and banking on Sunair. annual meeting overwhelm- Rochon
ule The stock has taken off ingly approved the deal with channelled
on, rui- since the Nov. 17 announce- Rochon and partner Mario B. $15 to$25
set Ael merit that an investment group million into