Tuesday, December 27, 2016

BankUnited Provides $9 Million Loan for Atlantic Housing Partners Apartments

Patrick Fitzgerald
MIAMI LAKES, FL (Dec. 27, 2016) – BankUnited announced it closed on a $9 million loan for the purchase of tax-exempt multifamily mortgage revenue bonds that will fund the construction of a 100 percent affordable housing apartment complex in Orlando. 

The Developer is Atlantic Housing Partners, L.L.L.P. of Winter Park. The project will be managed by Concord Management, Ltd.

Westwood Park Apartments will be constructed on a 12-acre parcel of land located at Westwood Boulevard and Harbor Vista Drive near SeaWorld Orlando. The rent- and income-restricted apartment complex will feature 178 units within six, three-story apartment buildings.

“BankUnited is pleased to be able to provide financing for another project developed by Atlantic Housing Partners, a valued and longtime client and leader in providing high-quality affordable housing throughout Central Florida,” said Patrick Fitzgerald, senior vice president, commercial real estate.

   For a complete copy of the company’s news release, please contact:

Amy Hoffman
Pierson Grant Public Relations
6301 Northwest 5th Way  Suite 2600
Fort Lauderdale, FL  33309
v. (954) 776-1999  ext. 228
f. (954) 776-0290

Facebook at facebook.com/BankUnited.official and on Twitter @BankUnited.     

PulteGroup Buys 205 Acres in St. Lucie for Its First Del Webb- Branded Community in Southeast Florida; Homebuilder planning 550 homes for active adults 55-years plus

Brent Baker
PALM BEACH GARDENS, FL  (Dec. 27, 2016) -- National homebuilder PulteGroup Inc. has closed on 205 acres in the master-planned community of Tradition in Port. St. Lucie, FL.

Pulte plans on building 550 homes on the site. It will be the company’s first Del Webb-branded active adult community in Southeast Florida.  Sales and construction for Del Webb at Tradition are scheduled to start next year. 

“We’re very excited to be bringing this product line into Tradition,” said Brent Baker, Pulte’s southeast division president. “We have seen throughout the country that there is very strong demand for lifestyle, active adult communities, particularly here in Southeast Florida.”

The Del Webb brand is known nationally for its adult-only communities that feature rich amenity campuses.  Del Webb at Tradition will have a clubhouse, state-of-the-art fitness facility, tennis, bocce and pickleball courts, and fitness trails, among other amenities.  A lifestyle director will be on site to coordinate community activities.

Del Webb at Tradition will be located in the Southern Groves section of the Tradition. Southern Groves, which lies to the south of Tradition Parkway, represents the next area of residential and commercial development within the master-planned community.

Fountains at Tradition, Port St. Lucie, FL
Keiser University recently invested $14 million to construct a state-of-the-art campus nearby along Southwest Village Parkway, while the Tradition Medical Center is underway with an expansion project that is expected to be completed in 2018.

“This is an exciting time in Tradition’s history to be introducing our Del Webb brand,” said Baker.

While site work is underway, the builder plans to have a temporary sales office on Town Center Boulevard near Tradition Square.

PulteGroup is currently building another community in Port St. Lucie, as well as homes in Vero Beach, Palm City and Jupiter. Construction will start on new developments in Lake Worth and Hollywood next year. 

   For a complete copy of the company’s news release, please contact:

Todd Templin and Eric Kalis,
ttemplin@boardroompr.com or