Pennsylvania Developer Buys Broward Landmark Building

Aug 30, 2017 No Comments by

An Oakland Park landmark just sold for $11.6 million, property records show.

BrickBox Oakland Park LLC, led by Dan Deitchman, bought the cylindrical 74,442-square-foot building at 3101 North Federal Highway, which once housed the Chateau Madrid nightclub and restaurant. Chateau Madrid featured artists like Louis Armstrong.

Deitchman owns BrickBox Development, a Pennsylvania-based real estate firm that renovates historic and distressed properties. Records show BrickBox assumed the seller’s nearly $7 million mortgage from Bank Leumi.

The seller is Round Corner LLC, which is led by investor Amos Chess. The company paid $10.4 million for the KenAnn building in 2013. Earlier this year, Deitchman and Chess filed plans to redevelop two former strip clubs in Oakland Park after the city won a 30-year legal fight to close the clubs.

The mixed-use office building’s design was reportedly inspired by the futuristic cartoon, The Jetsons. It was built in 1968 by developer Kenneth G. Burnstein and sits on about 2.5 acres, including surface parking.

The building, which is now anchored by Citibank, has been home to other restaurants and clubs like The Rooftop and Hot Chocolate.

 

Source:  The Real Deal

 

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