The owners of the Diplomat Golf Resort & Spa in Hallandale Beach will ask Broward County on Thursday for a zoning change to develop a 500-unit hotel and up to 950 residences on a waterfront property that now features an underused golf course and smaller facilities.
Estimated to cost at least $500 million, the project is one of the largest resort and residential developments proposed in today's weak economy. Many others have been placed on hold because of reduced spending by travelers and limits on credit for new hotels and homes.
Planning the investment is the Plumbers & Pipefitters National Pension Fund, which owns the golf property and the 998-room Westin Diplomat Resort in nearby Hollywood. Both properties now are managed as one and represent the largest resort complex in Broward County.
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