By Christine Davis
Renaissance Properties New York, led by Kenneth L. Fishel and Bradley Fishel, purchased the South City Plaza office building, 1515 S. Federal Highway, Boca Raton, for $49.678 million. The seller was 1515 Associates Ltd., managed by Mark A. Gensheimer, CEO of Boca Raton-based Penn-Florida Cos.
South City Plaza last traded for $26.5 million in 2006. Mark M. Rubin and Bastian Laggerbauer of Colliers International represented the seller, while Maria Gomez of Powerful Real Estate represented the buyer. Tal Bar-or and David Strongwater of Lantern Real Estate arranged the financing for the deal.
South City Plaza, which was built in 1986, will be rebranded as 1515Boca. Architect Vladimir Arsene of New York-based Westfourth will design enhancements that will include electric vehicle charging stations, a restaurant, a renovated gym, a redesigned lobby and collaborative meeting spaces. The occupancy rate is 85%.
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Pebb Capital, the real estate and private equity investment firm developing the Sundy Village mixed-use project in Delray Beach, donated $12,000 worth of school supplies to S.D. Spady Elementary, Village Academy and Carver Middle School. Pebb is also a sponsor of the Atlantic High School Eagles football team this year.
“The Delray Beach community has been rooted in our company for decades, and we are honored to assist teachers and families with needed items and ease the financial burden they may be facing at this time,” said Todd Benson, a principal with Pebb Capital.
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The private aviation company XO, an air-charter broker that buys and resells seats on shared flights, plans to expand its app-based route between metropolitan New York and South Florida. Four daily flights will be offered between private terminals in Fort Lauderdale, Palm Beach, Opa-locka, White Plains and Teterboro, with seats starting at $1,500, along with options for first-class services, such as cuisine cooked by a Michelin star-trained chef.
“XO pioneered and continues to lead the shared-flight opportunity, so private fliers can enjoy private flying benefits at one-tenth of the cost of a full charter,” said Lynn Fischer, XO’s chief marketing officer.
“In addition to economic value, shared flights offer significant sustainability advantages. While, on average, fewer than three passengers travel on board a private aircraft, shared flights accommodate 10 or more passengers, increasing the efficiency of seating capacity by 230 percent.” For more information, visit www.flyxo.com.
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Solar United Neighbors’ Palm Beach 2022 Solar Co-op is accepting new members until Jan. 17 among residents and business owners in Palm Beach County. Together, co-op members learn about solar energy and leverage their numbers to purchase their new solar systems at a competitive price and top quality. Battery storage and electric vehicle charger options are also available to group members.
The co-op is funded by the Green Corridor District, and partners include the cities of Boca Raton, Boynton Beach and West Palm Beach, the Climate Reality Project of Boca Raton, the League of Women Voters of Palm Beach County, and Neighborhood Housing Services of South Florida.
“The co-op savings, combined with federal tax credits, make it the perfect time to go solar. The savings are even greater for city of Boynton Beach residents, who can receive up to $1,500 back on their solar panels through the city’s Energy Edge Rebate Program,” Boynton Beach Mayor Ty Penserga said.
To sign up for the co-op or an information session, visit www.solarunitedneighbors.org/palmbeach.
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Kelly McLoughlin has joined the Institute for Regional Conservation as a coastal biodiversity restoration intern. She helps coordinate the institute’s Restoring the Gold Coast program, which presents workshops and events to educate the community about restoring native coastal biodiversity. She also oversees event volunteers, conducts site assessments and facilitates collaborations. McLoughlin graduated from the University of Miami with degrees in marine science and biology.
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Frank Hawkins of Delray Beach was appointed assistant director of food services for the Lord’s Place. He will assist in overseeing the preparation and delivery of food to Café Joshua, which serves lunches to people who are homeless.
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Visitors can experience a taste of reggae through food and music at Reggae Fest FL, scheduled for 11 a.m. to 10 p.m. Nov. 12 at the Boynton Beach Amphitheater, 120 E. Ocean Ave.
The event is organized by Delray Beach Arts, a nonprofit organization that produces events in Palm Beach County to serve as a fundraising source for nonprofits and to support art and educational business programs.
To purchase tickets, priced from $25 to $125, visit www.eventeny.com/events/ticket/?id=2045.
Send business news items to Christine Davis at cdavis9797@gmail.com.
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