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first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Laurent Morali and Charles Kushner (iStock)UPDATED, Jan. 7, 2:30 p.m.: Kushner Companies is expanding in South Florida, acquiring two development sites in Palm Beach County, The Real Deal has learned.The New York-based firm is buying two properties near Delray Beach and near Lake Worth Beach, according to a source close to the deal. An industrial project is planned for the Delray-area property and a mixed-use multifamily development for the Lake Worth site.Kushner Companies could not be reached for comment. It’s unclear when the deals will close.The firm, founded by Charles Kushner and led by president Laurent Morali, has already announced plans for three major apartment projects in South Florida since the start of 2019. The company is planning to bring roughly 3,000 units at a cost topping $1 billion in Miami and Fort Lauderdale.ADVERTISEMENTMorningstar Nursery, led by Paul Okean, currently owns both Palm Beach County properties. The Lake Worth property is on the northeast corner of Hypoluxo Road and South Military Trail, across from a Walmart Supercenter, and the other is agricultural land west of the Florida Turnpike and north of Atlantic Avenue, along Starkey Road, near Delray Beach.Morning Star Nursery reportedly works with Home Depot, Walmart and wholesale suppliers. The company could not be reached for comment.Read moreKushner eyes return to normalcy. Good luck.Kushner lands $18M loan for Wynwood projectsInside Kushner Companies’ $1B expansion into South Florida Tagsdelray beachindustrial marketkushner companieslake worthMultifamily Marketpalm beach countyRetail Real Estate On the Delray site, Kushner is planning a 900,000-square-foot industrial development, likely for a single distribution tenant. The developer would have to secure a land use change from agricultural to industrial to build the project.On the Lake Worth property, Kushner plans a multifamily and retail development with 384 apartments and 60,000 square feet of retail space.Kushner is expected to break ground this year on its Wynwood and Edgewater apartment projects in Miami. The company opened a South Florida office last year in Bay Harbor Islands, led by Michael Szafranski and Gabriela Toledo.Contact Katherine Kallergis Message*center_img Share via Shortlink Email Address* Full Name*last_img read more

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