DAYTONA BEACH – The recent ribbon-cutting ceremony to mark the opening of Chadwick Real Estate Group’s Beach Street Courtyard luxury downtown lofts and retail center at 128 S. Beach St. attracted more than 250 prospective buyers, realtors and city officials.
Robert Abraham, (bottom left photo) chairman of the city’s Downtown-Ballough Road Redevelopment Area Board; and Sheila McKay-Vaughan, (bottom right photo) Daytona Beach City Commissioner for Zone 3 and member of the city’s Community Development Agency, did the ribbon-cutting honors and welcomed those attending the festivities, which included cocktails, hors de oeuvres, music and self-guided tours.
McKay-Vaughan said the project – 12 luxury condominiums atop more than 8,000 square feet of retail space – is something she’d like to see more of.
“We [Daytona Beach city officials] tried for 15 years to make this a commercial community and it just didn’t work,” she said. “So, instead of building new skyscrapers, we add a couple of floors across from a beautiful park and hope that families will come here to live and shop.”
The mixed-use development – which is being marketed by Aswin Suri (middle right photo) of Exit Realty Central – blends two-story loft residences with first-floor commercial space that will include Amore, a 5,000 square foot restaurant that features al fresco dining in an Old World style cobblestone courtyard.
With its intimate setting, yet close proximity to restaurants, shops, theaters and other event venues, Beach Street Courtyard is as appealing to retirees as it is to young professionals, Suri said.
“We recently marketed mainly to young professionals who now might be living in areas like Winter Park,” he said. “But, we’re finding that the lofts are just as appealing to retirees and second home buyers who would like to be within walking distance of downtown activities.”
The one- and two-bedroom lofts – which include garage parking, elevators, terraces and river views – range in size from 1,304 to 2,135 square feet of living space, according to Richard A. Friedman, (top left photo) Chadwick’s managing director.
Friedman said the townhomes, which are priced from $399,000 to $599,000, include upgrades that would be expected in multi-million dollar homes: granite countertops, Viking stainless steel appliances, polished hardwood floors, custom cabinets and doors, travertine tile, cathedral ceilings, premium hardware, Berber carpeting, ceiling fans, interior sprinkler systems and high-grade category 5 data/video/audio and telephone lines.
Suri, the area’s top producer of 2007-2008, said several potential buyers are in the process of being pre-approved by local lenders after more than 100 people toured Beach Street Courtyard at a soft opening in December. He said he expects the remaining units to sell within 90 days.
As incentive, Chadwick has reduced the price of each loft by as much as $125,000, will pay the buyers’ closing costs and is offering a free membership at nearby Sunset Harbor Yacht Club.
Like the developers, Commissioner McKay-Vaughan is excited to see Beach Street Courtyard welcome new residents and hopes that developers will create more redevelopment projects like it.
“I hope that this is just the beginning of this kind of re-development,” she said. “It’s a really good example of the new urbanism.”
For more information, please contact:
Brooks L. Kellogg, principal, Chadwick Real Estate Group, 970-875-0999, 847-680-1020 or firstname.lastname@example.org
Aswin Suri, Exit Realty Central, Marketing Representatives Beach Street Courtyard, 888-608-6564
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142