The Broward County Commission will consider approval on Sept. 26 of Chetrit Group’s plan to redevelop the Bonaventure Resort & Spa into condos.
Hospitality Investing Group, an affiliate of New York-based Chetrit Group, acquired the bulk of the hotel for $67.5 million in 2012 and subsequently bought out the remaining individual units. It also sold the golf course to Terra Group, which is building the Botaniko single-family home community there.
In a plan crafted by Kobi Karp architecture, part of the hotel could be replaced by condos. The developer would reduce the hotel rooms from 504 to 240. It would build 591 condos. The 101,569 square feet of convention, spa and dining space would be renovated.
According to county records, the developer agreed to contribute $1 per square foot to the county’s affordable housing fund for each of the 586 additional residential units that would be permitted at the site. Boca Raton attorney Bonnie Miskel represents Chetrit Group in the application. The hotel at 250 Racquet Club Road in Weston was built in 1982.
The Boca Raton firm Landscape Design Workshop is the project landscape architect for both this project and for Botaniko.
Read the original article by Brian Bandell, Senior Reporter of South Florida Business Journal.