Economic Investment

Present Economic Investment in Dania Beach

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Fort Lauderdale International Airport

The Fort Lauderdale-Hollywood International Airport (FLL) serves the needs of over 23 million annual passengers and the general aviation community throughout South Florida.

FLL is ranked 21st in the U.S. in total passenger traffic and 13th in domestic origin and destination passengers. There are more than 300 departure and 300 arrival flights a day. FLL offers nonstop service to more than 100 U.S. cities and international service to Canada, Bahamas, Caribbean, Mexico, Latin America, and Europe.

Economic Engine

  • 12,500 on-airport badged employees
  • 135,000 total jobs (direct, indirect, induced multiplier effect)
  • Total payroll $3.5 billion in wages
  • Total annual economic impact of $10.6 billion (Florida Department of Transportation IMPLAM Economic Modeling)

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South Runway Expansion Project – Now Underway

  • 11,000 estimated jobs over the life of the project
  • $1.4 billion economic impact to the regional economy

What is FLLAIR?

The Fort Lauderdale-Hollywood International Airport Improvements and Renovations Program (FLLAIR) are currently:

  • Improving and modernizing the terminals by offering more food and shopping choices, seating, and bathrooms.
  • Adding destinations through more gates that can handle both international and domestic flights. Minimizing flight delays by adding a second runway that increases the number of takeoff’s and landings.

How Much?

  • The Broward County Aviation Department will spend $2.3 billion over the next four years on these improvements. No Broward County tax dollars will be used for these projects. Funding will come from Passenger Facility Charges & Federal and State Grant.

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Port Everglades

  • Exotic cruise vacations and international trade are what makes Port Everglades an economic powerhouse for Broward County and one of the most diverse seaports in the United States.
  • Located In the heart of Greater Fort Lauderdale and the City of Hollywood, FL, Port Everglades is one of the busiest cruise ports in the world. It is a leading container port in Florida and among the most active cargo ports in the United States. And, Port Everglades is South Florida’s main seaport for receiving petroleum products including, gasoline and jet fuel. A foreign-trade zone and available office space inside the Port’s secure area make Port Everglades a highly desirable business center for world trade.
  • The Port Everglades Department is a self-supporting Enterprise Fund of Broward County government. It does not rely on local tax dollars for operations or capital improvements.
  • The total value of economic activity at Port Everglades is approximately $26 billion. And, more than 201,000 Florida jobs are impacted by the Port, including 11,700 people who work for companies that provide direct services to Port Everglades.

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  • Over $1.3 Billion are being invested in Port Everglades, with approximately $100 Million in progress or completed.
  • #1 Seaport in Florida by Revenue and for Exports.
  • #1 Container Port in Florida.
  • #2 Foreign-Trade Zone in the USA.
  • Top 3 Cruise Ship Ports in the World.
  • The Capital Expenditures to deepen the channels and increase boat slip lengths guarantees its prominence into the future, as it is already prepared for new larger cargo ships and increased loads.

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Port Everglades is undergoing monumental capital improvements to more efficiently handle increasing amounts of international cargo, and to provide cruise guests with a first-class cruise vacation experience. Construction accounts for 9,000 immediate jobs and will result in 7,000 new permanent jobs locally and 135,000 new jobs statewide.

Intermodal Container Transfer Facility (ICTF)

The new rail yard, called an Intermodal Container Transfer Facility (ICTF), will make it possible for cargo containers to be directly transferred between ships and railcars to take an estimated 180,000 truck trips a year off roads by 2029, which will reduce traffic congestion and harmful air emissions. Drivers who are commonly delayed at the railroad crossing at S.R. 84 and Andrews Ave. will directly benefit because the trains will be put together at Port Everglades instead of at the rail yard on Andrews Avenue. This ICTF, which will be built and operated by the Florida East Coast Railway (FEC), will be the first on-port rail yard in the United States to process both domestic and internationals cargoes. FEC is investing $53 million to build and will operate the ICTF. Broward County’s Port Everglades Department, which is a self-supporting Enterprise Fund that does not rely on local tax dollars, contributed 42.5 acres of land for the ICTF which is valued at $19 million.

Deepening and Widening Navigational Channels

Port Everglades is continuing to work with the U.S. Army Corps of Engineers to deepen and widen the Port’s navigational channels from 42 feet to 50 feet. The Project calls for deepening and widening the Outer Entrance Channel from an existing 45-foot project depth over a 500-foot channel width to a 57-foot depth with an 800-foot channel width, deepening the Inner Entrance Channel and Main Turning Basin from 42 feet to 50 feet, and widening the channels within the Port to increase the margin of safety for ships transiting to berth. The total cost is estimated to be $320 million, including a $131 million investment by the Port. A preliminary benefit/cost analysis by the U.S. Army Corps of Engineers determined that there will be a $1.56 return for every dollar invested. Widening and deepening the channel at Port Everglades is projected to create 5,862 construction jobs in the near term and 1,491 regional jobs by the year 2027.

Florida Power & Light

In the early morning hours of July 16, 2014, a series of controlled explosions demolished FPL’s 1960s-era Port Everglades Power Plant. This was the first step in FPL’s plan to transform old power plants into high-efficiency, combined-cycle natural gas energy centers.

The new Port Everglades Next Generation Clean Energy Center will take approximately three years to construct and will:

  • Be 35 percent more fuel-efficient.
  • Create 650 direct jobs at peak construction.
  • Cut carbon dioxide emissions in half.
  • Produce enough electricity to power 260,000 homes and businesses.
  • Require no additional cooling water or land.
  • Keep the cost of electricity low and help Florida be more energy independent.

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Dania Beach – Beautification

The City of Dania Beach’s Ocean Park is a true diamond in the rough. It is the only public beach in Broward County that is not bisected by a local highway and has both beach and Intracoastal access. Its location, so near to the inlet has some of the best natural and well preserved beaches in South Florida in addition to a fully operational marina.

Dania Beach was the first City in Broward County and with that has a strong connection to the marine industry and native Florida beauty of days past. The City would like to polish its gem and showcase it as a destination that represents this wonderful history, its residents and the future of Dania Beach.

The Ocean Park’s landscape represents a large portion of Florida’s native flora spread amongst natural dunes and along the entire creek edge. The City wants to ensure these natural areas are protected while being improved so that this unique natural beauty is not lost. The plan proposes enhancing the existing natural dune species to improve their protective nature and mitigate future erosion. The addition of more palms along the beach will provide shade for hot summer days and create a perfect gathering spot for visitors. Shelter from the sun will also open up opportunities for more beach side activities for children and adults alike.

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Dania Beach – Beautification – Conceptual Plan

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In addition to the previous key characteristics of the plan, there are a number of additional improvements that have been incorporated to further enhance the revitalization plan. These improvements are listed by zones:

Pier

  • Provided an arrival sequence to the pier restaurant.
  • Provided an access node to the north and south side of pier to accommodate restaurant and beach needs.
  • Activities/Uses: Quarterdeck restaurant with outdoor terraces, fishing pier, viewing telescopes, beach dining (below), showers and cleaning areas, bike racks, beach storage, improved restrooms, entry portal with beach amenities.

Marina

  • Provided assigned parking with the use of decals for patrons.
  • Provided a promenade connection to North Beach portals and pier.
  • Activities/Uses: Pavilion, fish cleaning stations, water taxi connection.

North Beach

  • Provided arrival sequence or gateway into this zone of Ocean Park.
  • Provided drop-off (transition from parking).
  • Activities/Uses: Kayaking, surfing, volleyball, open space for events/staging, skim boarding, yoga deck, picnic pavilion, enhanced nature trail, bike parking.

Central Beach & Atler Park

  • Reorganized parking and re-directed traffic to connect park with beach and enhance vehicular circulation.
  • Provided beach portals that will include: seating, lighting, ADA access, show- ers and cleaning stations, drop-off zone, boardwalks/pedestrian pathway, beach storage/lockers.
  • Activities/Uses: Children’s play area, interactive fountain, picnic tables, event lawns, relocated Dania Beach Grill.

Marine Village (SeaTech -FAU / US NAVY)

  • Opening up SeaTech will allow the use of additional parking to visitors at sur- face level. If lack of parking becomes an issue in the future for the beach, this is an optimal site for a future parking garage structure.
  • The Marine Village sits on a major pedestrian axis that connects the beach to the furthest point in the Intracoastal. This was enhanced by providing a retail anchor at the western end of the site.
  • Activities/Uses: Research facility, mixed-use.

Dania Beach Marina

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Dania Beach’s 120-slip marina is in the midst of a $7.5 million renovation.

Harbour Town Marina

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The Casino @ Dania Beach

Purchased by the largest South American Gaming Company out of Argentina, the new facility will attract visitors from all over the US and world, as it is conveniently located near the FLL Airport and Port Everglades, home to the 3rd Largest Cruise Ship Port in the World, allowing Cruise guest and travelers to enjoy great accessibility to the new facility.

Will add 1,400 slots and will rival the Isle Casino and Racing in Pompano Beach, which this year averaged 1,442 slots. Up next is Mardi Gras Casino in Hallandale Beach with 1,048 slots, followed by Gulfstream Park Racing & Casino, with 861.

Approved in August of 2014 and already commenced, the former Dania Jai-Alai, will undertake a 60 Million+ dollar renovation and redevelopment plan and it will be known as The Casino @ Dania Beach, providing for a:

  • 2,500 Seat Gaming Casino/Video Lottery
  • 500 Seat Jai-Alai
  • 1,300 Seat Live Theater/Multi-Purpose Facility
  • 500 Room Hotel
  • 60 Berth (slips) Marina
  • 45,000 GSF Shopping Center

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Dania Live Market Place

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of September 30, 2014, the company owned interests in 814 shopping centers comprising 117 million square feet of leasable space across 41 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

A joint venture between KIMCO Realty and Master Developer from Aventura, where developers plan to build 1.3 million square foot for DaniaLIVE, which will include an open-air shopping center with big box stores, restaurants, a hotel and apartments.

The plan calls for 100 acres.

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This will be KIMCO’s 2nd large scale investment in this proven area. The first was Oakwood Plaza North & South:

  • GLA: 989,913 sq ft
  • Parking: 5,447
  • Date purchased: 4/21/2010

Anchor tenants:

  • Anna’s Linens
  • BJ Wholesale Club
  • Big Lots
  • Dave & Buster’s
  • Golfsmith
  • Home Depot
  • Home Goods
  • Kmart
  • Marshalls
  • Michaels
  • OfficeMax
  • Old Navy
  • Party City
  • PetSmart
  • Regal Cinemas
  • Ross Dress for Less
  • Sports Authority

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Oakwood Plaza North & South – directly south of planned DaniaLIVE.

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Oceanbleau

Oceanbleau, a luxury condominium project in Hollywood Beach that was announced in February 2015, has just launched sales. Developer Maxwelle Real Estate Group brought on Miami-based BH3 Realty to handle all sales for the project. The brokerage is a sub-division of development firm BH3, which specializes in multi-family buildings, according to a release.
Located at 6085 North Ocean Drive, the tower will house 48 units that range in size from 3,000 square feet to 6,000 square feet, with three- to five-bedroom units. Prices start at $1.6 million.

The developer said all units will have views of both the ocean and the Intracoastal Waterway and floor-to-ceiling windows throughout. Also included are European kitchens, concealed cabinetry, wine storage, and marble master bathrooms with separate spa tub and shower.
Oceanbleau is slated for completion in December 2016.

“As a company, BH3 has always been a big believer and innovator in Hollywood Beach and set the bar for luxury condominium product in the neighborhood with Trump Hollywood,” said Greg Freedman, co-founder of BH3, in a statement. “Oceanbleau extends those standards in luxury, and we are ecstatic and humbled to have been selected by Maxwelle Real Estate Group in bringing Oceanbleau to the public.” — Sean Stewart-Muniz

www.oceanbleau.com

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