News in The Real Deal: "A $70 million renovation of Lake Worth’s historic Gulfstream Hotel"

This news is in The Real Deal by Dan Weil. The reporter refers to the Gulfstream Hotel as "crumbling". That is not the case at all. The structure does need a renovation and you can read about my tour of the building by looking in the right-hand column for "My tour of the Gulf Stream Hotel". Also in the article the reporter refers to the city of "Green Acres". The city, of course, is named Greenacres.

Below are excerpts from the article on "Notable projects" in Palm Beach County:

A $70 million renovation of Lake Worth’s historic Gulfstream Hotel by Delray Beach-based developer Hudson Holdings. It plans to restore the crumbling, six-story hotel, built in 1925, shrinking its room count to 87 from 106. And the developer intends to wipe away two nearby buildings so it can erect a five-story, 87-room annex to the hotel instead. Both buildings will carry Hilton’s upscale Curio Collection brand.

[and. . .]

     “We started working three years ago in Boynton Beach and Lake Worth, and there’s a lot of value, especially in Lake Worth,” Steve Michael, co-founder of Delray Beach-based Hudson Holdings, told TRD. The city will benefit further if talk of the Atlanta Braves building a new spring training stadium in Lake Worth’s John Prince Park turns into reality, he pointed out.

[and. . .]

     But these middle cities [in Palm Beach County] won’t suddenly come to dominate the county, he [Neil Merin, chairman of West Palm Beach-based NAI Merin Hunter Codman] said. “I don’t see this redevelopment having a gigantic impact, because the numbers aren’t that great,” Merin said. “We’re talking hundreds and thousands of units, not tens of thousands. It’s niche projects.”

For more about the City of Lake Worth and business/development opportunities watch this video of William Waters, the City's Director of Community Sustainability talk about how much work has been done to streamline the process.