Real estate: Developer buys Delray Beach land for hotel, condos - Sun Sentinel

Click title for link. Another hotel/mixed use project coming to downtown Delray Beach.

Hotel developer Alan Mindel wanted to boost his portfolio beyond New York, so he flew to South Florida last winter in search of deals.
He figured Fort Lauderdale and Hollywood might offer the best opportunities, but then his brother suggested he consider Delray Beach.
"I landed in Delray one night, and I was out on Atlantic Avenue, and I just fell in love with the place, plain and simple," he said.
Mindel, managing member of Long Island, N.Y.-based Samar Hospitality, ended up spending $2.54 million for a 39,000-square-foot lot at 202-232 S.E. Fifth Ave. He's expected to close on another parcel immediately to the south this month.