Prospect Real Estate Group, Midtown Capital break ground on Advantis Lake Worth apartments bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Drawings of Advantis (City of Lake Worth Beach)
A 230-unit apartment development in Lake Worth Beach won city approval after the developer qualified for “bonus” levels of building height and density that exceed standard zoning limits.
Commissioners on Tuesday unanimously approved the apartment complex, called Advantis, as a cluster of four residential buildings that will range from three stories to five stories.
Consulting firm WGI, the project manager, applied for approval of the development on behalf of Prospect Real Estate Group, LLC, of Mount Dora, Florida, led by Mark C. Filburn.
Miami-based Lake Worth Investment Group, LLC owns the 6.39-acre development site at the northwest corner of 10th Avenue North and Boutwell Road in Lake Worth Beach. The entity, led by Ana Rodriguez Pastor, bought the vacant development site in 2013 for $925,000, records show.