Hunter's Ridge 2,000-Acre Regional Recreational Park in Ormond Beach, FL Officially Conveyed to Flagler County

Marisol Santiago Soderstrom

Ormond Beach, FL --- Closing documents were signed officially giving Flagler County the 2,000 +/- acres on the west end of Hunter’s Ridge, the 5,000 acre master-planned community on Highway 40 just west of I-95 in Ormond Beach.

The park will serve not only as an amenity for residents of Hunter’s Ridge, which straddles the Volusia-Flagler county line, but also as an attraction for the entire region. 

John Kurtz

Allan Feker, president of US Capital Alliance, LLC the developer who signed the closing documents deeding the property to the county, said protecting the environment has always been a high priority.  Responsible development and desire to preserve the natural beauty of Ormond Beach were key factors in the decision to make this gift to the region.

“This is going to be a terrific amenity for our residents,” said Feker. “In the coming years Flagler County will be developing miles of trails that could include hiking, horseback riding and biking with trail heads and other amenities, enabling Volusia and Flagler County residents to become truly immersed in the natural beauty of the region,” he said.

Marisol Santiago Soderstrom and John Kurtz of Premier Sotheby’s International Realty in Lake Mary, are brokers of record for the project. 

Last December Flagler County Commissioners voted unanimously to issue permits to continue developing the Hunter’s Ridge DRI (Development of Regional Impact). 

“This is a very exciting time for Hunter’s Ridge,” said Kurtz who also serves as Realtor for US Capital Alliance.  “After a few solid years of planning, engineering and legal work to get new phases of Hunter’s Ridge on track for development, we are finally able to open the first pods north of Airport Road, satisfying the demand of a growing number of builders looking to stake their claim in this unique community,” said Kurtz.

The remaining 3,000± acres held by the developer at Hunter’s Ridge provides entitlements for approximately 1,900 residential units and 600,000 square feet of commercial space to be developed in years to come, according to Soderstrom. .

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

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com.

Kass Management Brokers $2.4 Million Sale of Apartment Building on Chicago’s North Side

1700 West Juneway Terrace Apartments, Rogers Park Neighborhood, Chicago, IL

Mark Durakovik

CHICAGO, IL — Chicago-based Kass Management Services, a third-party property management and brokerage firm, announced the $2.4 million sale of a 32-unit apartment building at 1700 W. Juneway Terrace in Chicago’s Rogers Park neighborhood.

Kass Principal Mark Durakovic and agent Andrew Gruesser represented the seller, CMHDC, a non-profit housing development corporation serving the Chicago metropolitan area.

“As rents and underlying property values have risen, landlords in Rogers Park and other North Side neighborhoods have been able to capitalize on strong interest from investors looking to grow their portfolios,” said Durakovic.

“Having managed 1700 W. Juneway Terrace for 11 years, we were intimately familiar not only with the property, but also the surrounding neighborhood. As a result, we were able to market the property in a way that maximized value on behalf of our client.”

Built in 1924, the vintage three-story brick walk-up includes a mix of one-, two-, three- and four-bedroom apartments, each with a large back deck. When Kass took over management of the building in 2006, the firm was able to increase occupancy from 60 percent to full occupancy in less than nine months.

Over the years, Kass continued to stabilize the property by increasing rents and maintaining high occupancy during its management tenure. The units, which were renovated in 2007, were over 90 percent occupied at the time of sale.

“For the past 30 years, Kass has specialized in providing third-party property management services for residential and commercial properties throughout the Chicago area, making brokerage a natural extension of our business,” said Durakovic.

“The Rogers Park sale is just one example of how we can leverage our longstanding client relationships and in-depth market knowledge to provide a comprehensive service platform that encompasses all phases of property ownership – from acquisition, to management and leasing, to disposition.”

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528