The Community Foundation of Broward, represented by Berger Commercial Realty Senior Vice President Steve Hyatt, recently sold a parcel of vacant land in Fort Lauderdale for $1.8 million to Grupo Alco LLC, represented by Greg Jaxtheimer.
Grupo Alco plans to build luxury, waterfront condominiums on the 0.64-acre lot, which is located at 1100-1200 Seminole Drive, near Fort Lauderdale’s popular Galleria Mall.
The property was an estate gift to the Community Foundation of Broward from philanthropists Jack and Harriet Kaye, longtime residents of Fort Lauderdale.
“This property was a generous gift to the Community Foundation, and its sale is especially significant for the community,” said Hyatt, who served as a Board Member of the Community Foundation from 2002 to 2007. “Now the land will be put to good use, and the Foundation will have an even greater ability to improve the quality of life for all those in Broward.”
The sale will add to the Jack and Harriet Kaye Fund of the Community Foundation of Broward to provide even greater support to the causes in which Jack and Harriet believed.
“Harriet and Jack were active in the community and enthusiastic patriots,” said Foundation President and CEO, Linda B. Carter. “It was important to them that young people learn first-hand the intent of our Founding Fathers. Their Fund helps the Broward County Chapter of the Freedoms Foundation at Valley Forge send high school students to annual Spirit of America conferences in Valley Forge, PA, where they re-enact the Continental Congress of 1775.”