Sailboat Bend Apartments in Fort Lauderdale, FL Sold for $2 Million in Deal Brokered by Marcus & Millichap

Sailboat Bend Apartments, Fort Lauderdale, FL

Derek R. Gibbs

FORT LAUDERDALE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 24-unit multi-family portfolio located in Fort Lauderdale, Fla., dubbed Sailboat Bend Apartments. The portfolio sold for $2,050,000 equating to $85,417 per unit.

“This was a unique opportunity to acquire several, well-maintained properties within close proximity to one another in an ideal Fort Lauderdale rental location,” says Kristol. “The portfolio is comprised of 96 percent two-bedroom units, most with new kitchen cabinets, granite countertops tile flooring.”

Derek R. Gibbs and Daniel J. Cunningham, associate vice president investments, Evan P. Kristol, a senior vice president investments, Robert S. Hunter, a senior associate, and Brandon J. Rex, a vice president investments, all in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a limited liability company from Fort Lauderdale, Fla., and the buyer, a limited liability company from Miami Beach.

Harrison Rein, an associate in Marcus & Millichap’s Fort Lauderdale office, also assisted in securing the buyer.

Daniel J. Cunningham

The communities, which range in size from four-to-six units, were built between 1963 and 2002 and have a total land area of 1.1 acres. The total unit mix includes one one-bedroom/one-bathroom unit, 12 two-bedroom/one-bathroom units and 11 two-bedroom/two-bathroom units.

The five separately parceled buildings are located in close proximity to one another in the Sailboat Bend neighborhood of Fort Lauderdale, just south of Broward Boulevard, west of downtown Fort Lauderdale and east of Interstate-95.

Included in the portfolio were:

·         200-230 Southwest 11th Ave.; two, two-story buildings with five units in each

·         1022 Southwest 2nd Court; one, one-story building with six units

·         1025 Southwest 2nd Court; one, two-story building with six units

·         1116 Arpeika Street; one, one-story building with four units

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

                       

Ryan Nee

Regional Manager

 Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Arranges $1.5 Million Sale of Denny’s in Warrenton, MO

Denny's Restaurant, 429 E. Veterans Memorial Parkway, Warrenton, MO

Marc E. Strauss

WARRENTON, MO – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 5,265-square foot Denny’s restaurant located in Warrenton, MO, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,500,000 equating to $284.90 per square foot.

“This Denny’s location is situated in a high visibility location next to a 62-room motel and cinema complex,” says Strauss. “The restaurant is operated by an experienced multi-unit franchisee and has a long-term, absolute NNN lease with fixed rent increases.”

Marc E. Strauss, a first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Boca Raton, Fla.

 The buyer, a private investor from Lakewood, CA, was secured and represented by Peter Deltondo, a vice president investments in Marcus & Millichap’s Newport Beach office.

Denny's Warrenton is located 40 minutes west of St. Louis on Interstate 70, a half mile west of the State Road 47/ I-70 Interchange at 429 E. Veterans Memorial Parkway in Warrenton, MO.

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

                       

Ryan Nee

Regional Manager

 Fort Lauderdale, FL

(954) 245-3400

First Move-ins, Model Opens at Jackson Throop Place Luxury Rentals in Chicago’s West Loop

  

 

Aaron Galvin

CHICAGO, IL  – Luxury Living Chicago Realty announced it has welcomed first residents to the West Loop’s newest boutique luxury apartment building, Jackson Throop Place. 

The 93-unit building, located at 1241 and 1245 W. Jackson Blvd., offers a showcase of high-quality finishes, which can be viewed in the building’s recently opened two-bedroom decorated model.

Just around the corner from Skinner Park, the newly constructed, condo quality apartments are within walking distance to Target, 1KFulton – home to Google – and the city’s hottest dining destinations on Restaurant Row.

 Jackson Throop’s convenient West Loop location also provides easy access to Chicago’s central business district, Fulton Market District and the Kennedy Expressway.

“While the vast majority of new luxury apartments being developed and delivered in downtown Chicago focus on high-end, common-area amenities, Jackson Throop’s focus is on the experience residents will enjoy inside their apartments,” said Aaron Galvin, owner and managing broker of Luxury Living Chicago Realty, the exclusive leasing brokerage for Jackson Throop Place.

 “Our research shows not all renters want to pay for a host of amenities they will rarely use. Instead, they prefer to have a more thoughtfully designed home with top-of-the-line finishes they’ll use on a daily basis.”

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

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

Kim Manning, kmanning@taylorjohnson.com, 312-267-4527

Meta Housing Corp. Breaks Ground on $26 Million Affordable Mixed-Use Apartment Community for Seniors in Downtown Hayward, CA

  

 (From left) Eugene Lee, California HCD; Hayward City Council Member Marvin Peixoto; Mayor of Hayward Barbara Halliday; Richard Valley, Supervisor, Second District of Alameda County; Hayward City Council Member Al Mendall; Hayward City Council Member Sara Lamnin; and Aaron Mandel, Senior Vice President of Meta Housing at the Downtown Hayward Senior Apartments Groundbreaking event.

HAYWARD, CA – Meta Housing Corporation has broken ground on the Downtown Hayward Senior Apartments, a new, mixed-use, 60-unit affordable housing development for seniors in Hayward, California. The new development will consist of approximately 6,000 square feet of retail space on a nearly-one-acre lot in the city’s downtown.

Kasey Burke

“The Hayward community and the East Bay area, in general, have been experiencing rapid rent growth over the last decade,” says Kasey Burke, President of Meta Housing Corporation. “This significant increase in rents is creating a tremendous need for affordable housing throughout the region, and it’s often seniors who feel the brunt of these rental increases.”

Burke explains, “Seniors tend to be living on fixed incomes and are not able keep up with the extremely high shifts in rent throughout the area. This new development will fill a deep need in the community by providing a high quality and safe environment that seniors can afford.”

The Downtown Hayward Senior Apartments will be located approximately two blocks from the Hayward BART station, a block away from the city’s newly constructed public library and within walking distance to retail stores, parks, and services. The new apartment community will be developed in partnership with Community Home Builders and Associates.

Financing for the project was provided by Redstone Equity Partners, Enterprise Community Partners, Inc., Citibank, CalHFA, Federal Home Loan Bank of San Francisco, the State of California Department of Housing and Community Development (HCD), Alameda County Housing and Community Development Department, California Community Reinvestment Corporation, and the California Tax Credit Allocation Committee.

Aaron Mandel, a Senior Vice President with Meta Housing, says, “When developing a new community in any city, we focus on bringing value to the residents, and also to the city as a whole. This apartment community does just that.  By transforming a blighted vacant lot into a high quality affordable community with a retail component, we are able to improve upon the existing neighborhood and enhance the overall vitality of the city.”

Aaron Mandel

The building will be designed and constructed using sustainable, “green building” principles, and will obtain a Green Point Rated 125 or equivalent and LEED Gold Certification or equivalent. The apartment community will also utilize drought tolerant landscaping and a drip irrigation system.

“From the initial design stages through construction of each of Meta Housing’s projects, we work to create sustainable designs that flow seamlessly into the existing surroundings, and reduce the overall carbon footprint of the community,” says Mandel. “By integrating green features and implementing drought tolerant landscaping in the Downtown Hayward Senior Apartments, we are able to reduce the building’s impact on the local community and optimize water efficiency.”

In addition to sustainable features, Mandel notes that each of Meta Housing’s projects are created with elements that encourage active engagement and participation to help seniors to remain active and healthy.

“We’re building communities where older adults are not just sitting in front of a television, but rather, they are flourishing by interacting with others and enjoying strong social ties,” says Mandel.

This property will feature a series of amenities that help to further establish these social ties, including a large community courtyard and water feature, large community room, computer and multi-media room, outdoor barbeques and tables, communal kitchen, library, and fitness center.

 The project will be located at 808 A Street in Hayward, California, and will incorporate a mix of one-and two-bedroom floor plans.

 Senior Vice President of Meta Housing Aaron Mandel (left) with members of the community at the Downtown Hayward Senior Apartments Groudbreaking event.

Meta Housing Corporation currently has 60 projects in operation. The company also has 11 other projects in the pre-development phase.

Since 1993, Meta Housing Corporation has established itself as one of Southern California’s most experienced and trusted developers of apartment communities for families and seniors, developing more than 6,000 residential units.  Additional information is available at www.metahousing.com.

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

Lexi Astfalk/Jenn Quader

Brower, Miller & Cole

LAstfalk@browermillercole.com

(949) 955-7940

NAIOP South Florida Announces Finalists for 2016 Awards of Excellence; Award winners will be honored February 25 at the Hyatt Regency Pier Sixty-Six

  

Caroline Fleischer

FORT LAUDERDALE, FL - NAIOP South Florida, a Commercial Real Estate Development Organization, has announced the finalists for its 2016 Awards of Excellence, which will take place on Thursday, February 25 from 5:30 to 9 p.m. in the Panorama ballroom at Hyatt Regency Pier Sixty-Six, 2301 S.E. 17th Street in Fort Lauderdale.

The Awards of Excellence recognize individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth.

Jules Morgan

"Our judges spent hours carefully reviewing and debating this year's entries to determine the finalists," said NAIOP Executive Director Jules Morgan. "We look forward to celebrating these extraordinary commercial real estate professionals and firms, all of which are deserving of winning in their respective categories."

Award categories and finalists include:

Industrial Lease Transaction of the Year

Miami International Tradeport, BTS for Ansaldo Breda, Inc/Hitachi Rail USA, represented by Liberty Property Trust

Cooper General, represented by State Street Realty

Industrial Sale of the Year

AFCEE, LLC represented by State Street Realty

Alliance Building represented by Cushman & Wakefield

Bridge Point Marina Mile facilitated by JLL and Cushman & Wakefield

Centergate at Gratigny represented by CBRE

North Miami Business Park represented by Marcus & Millichap

Show Management Industrial Center facilitated by CBRE and Cushman & Wakefield

Industrial Broker of the Year

George Pino of State Street Realty

Stephanie Rodriguez of Duke Realty

Michael Silver of CBRE

Office Lease Transaction of the Year

Cross Country Healthcare, Inc. represented by Cushman & Wakefield

Plantation Pointe / Magic Leap facilitated by Cushman & Wakefield and Torburn Partners

Simply Healthcare facilitated by Flagler Corporate Center and Colliers International South Florida

Uniform Advantage represented by JLL's Tenant Representation Team

Office Sale of the Year

777 Brickell Avenue (SunTrust Tower) represented by CBRE

2100 W. Cypress Creek Road represented by Stiles

Stephanie Rodriguez

Coconut Grove Office Portfolio represented by Marcus & Millichap

Northern Trust Bank Building represented by Marcus & Millichap

Phillips Point represented by HFF

Office Broker of the Year

Norm Adams of Stiles

Michael Fay of Avison Young

Caroline Fleischer of Cushman & Wakefield

Alfie Hamilton of Colliers International South Florida

Douglas Mandel of Marcus & Millichap

Team Broker of the Year

CBRE South Florida Capital Markets Team featuring Apone, Avalos, Carranza-Alvarez, Chick, Chilgren, Foschini, Julian, Lee, Lobon and Minaya

Cushman & Wakefield featuring Blunk, Glaria and Oswald

Cushman & Wakefield's South Florida Industrial Team featuring Etner, Metzger, McAllister and Thomson

JLL featuring Gallart and Loschiavo

State Street Realty Brokerage Team featuring Lyden and Pino

Rookie Broker of the Year

Brian Cabielles of State Street Realty

Brad Dinneen of Stiles

Lauren Gallart of JLL

Renovation / Rehab Project of the Year

Plantation Point represented by Torburn Partners

SunTrust International Center represented by Crocker Partners

The Landings at MIA represented by CBRE

University Place at City Center represented by Butters Realty and Management and Bristol Group

Lauren Gallart

 

Creative Deal Maker of the Year

Rodrigo Azpurua of Riviera Point Development Group for the Professional Center at Riviera Point

Julie Berry of Stiles for the Lauderdale Marine Center

Butters Realty and Management and Bristol Group for the Hillsboro Technology Center

Steve Hyatt of Berger Commercial Realty for the Alliance Residential Company

Economic Impact of the Year

Alliance Building represented by Cushman & Wakefield

Plantation Pointe / Magic Leap represented by Cushman & Wakefield and Torburn Partners

Project of the Year

Miramar Park of Commerce represented by Sunbeam Properties

Pembroke Park A represented by Duke Realty

Professional Center at Riviera Point represented by Riviera Point Development Group

Julie Berry

Developer of the Year

Butters Construction & Development

Duke Realty

Flagler Global Logistics

Gibson Development Partners

Finalists and winners of the Developing Leader of the Year and Member of the Year categories will be announced during the ceremony.

  

Douglas Eagon

The recipient of the 2016 Lifetime Achievement Award is Douglas Eagon, president of Stiles Corporation, whose contributions to the South Florida real estate community and to NAIOP merit the same recognition awarded to Armando Codina, Edmund Ansin and Terry Stiles in previous years. Terry Stiles will present Eagon with this year's award.

Tickets are $150 for NAIOP members and $175 for non-members. Table sponsorships are $1,500. To register, please visit http://www.naiopsfl.org/index.cfm?fuseaction=events.details&content_id=101.

For more information, visit www.naiopsfl.org,, email jules.morgan@naiopsfl.org or call 954-990-5116.

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network.

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

Lexi Robinson

lrobinson@piersongrant.com

                                           

Crossman & Co. Selected to Market $625,000 Industrial Flex Building in Volusia County, FL

 

Thomas Bolen

 DeBary, FL --- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, has been named exclusive brokers to sell an 8,400 square foot industrial flex condo building.

Thomas Bolen, business development specialist, has listed the Springview Commerce Park property for $625,000.  The flex condo is located less than three miles from I-4 in the heart of growing West Volusia County and sits one mile north of the newly developed DeBary SunRail Station.

Bolen explained that Springview Commerce Park #170 consists of a flex condo with a built-out office that serves as a great opportunity for an investor or future user looking to maximize a highly-functional space.

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com

                                           

Crossman & Co. Lands New Tenants at Three Neighborhood Retail Centers in South and West Orlando, FL

Rochelle DuBrule

ORLANDO, FL – Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated new long-term leases at three Orlando area retail centers on behalf of the landlords.

Crossman & Company Associate Tyler Wilkins handled the lease of 1,600 square feet to Hair Genius a traditional barbershop for men at Regency Village, an 83,500 square foot Publix-anchored shopping center at 81145 Vineland Ave. in the International Drive area of South Orlando. 

In west Orlando, Senior Associates Rochelle DuBrule and Katherine Rush represented the landlord at Silver Hills in a lease agreement with Pizza Hut for 2,112 square feet.  The 109,000 square foot shopping center anchored by Winn Dixie is located at 2701-2730 N. Pine Hills Rd.

Rush and DuBrule also leased 900 square feet to AYS Financial, a tax services and financial planning firm at Lake Olympia Square, the 87,566 square foot Winn Dixie-anchored shopping center at 1501 E. Silver Star Rd. in Ocoee.  Gregory Crevecoeur of Evernova represented the tenant.

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

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

  

Berkadia Closes on 220 Apartment Units in Hoover, AL

 

David Oakley

 BIRMINGHAM, AL--- Berkadia recently negotiated the sale of Waterford Landing, a 220-unit apartment community located in Hoover.  Built in 1990, Waterford Landing is a three-story, garden-style community with an average unit size of 999 square feet.

David Oakley, Managing Director, and Royce Emerson, Senior Director of Berkadia Real Estate Advisors, LLC represented the seller, Waterford Landing 2012, LLC. The purchaser was FPA/WC Waterford, LLC.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

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

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

  

NAI Realvest Negotiates $910,000 Sale of Sanford, FL Auto Mall Property

 

Kevin O'Connor

ORLANDO, FL – NAI Realvest recently negotiated the $910,000 sale price for two adjoining commercial buildings totaling 14,400 useable square feet built in 1988 on 1.65-acres at 2710-2714 S. Orlando Drive (U.S. 17-92) in Sanford.

The NAI Realvest retail team of Kevin O’Connor and Matt Cichocki represented Trade Investment Property, Inc. the local seller of the property known as Sanford Auto Mall, which is 100 percent occupied by successful long-term tenants in the automotive services industry. 

The buyer, Clarindo, LLC of Coconut Creek, Fla., was represented in the transaction by Javier Kogan of A-Plus Realty.

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

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

  

Berger Commercial Realty Closes $1.9 Million Sale of Site for Flagler Village Hotel Project in Downtown Fort Lauderdale, FL

  

Judy Dolan

FORT LAUDERDALE, FL - Berger Commercial Realty brokers Judy Dolan and St. George Guardabassi recently represented the Curtis T. Bell Trust in the $1.9 million sale of a downtown Fort Lauderdale site to 315 Flagler, LP.

The site is slated for the new Flagler Village Hotel, a $25 million project managed by developer and hotel operator Dev Motwani.

Located from 315 to 333 N.W. 1st Avenue, the 24,000-square-foot site currently consists of four contiguous parcels including a 4,100-square-foot office building and nearby parking lot. The site will be developed into a 195-room hotel with retail space, amenities and 100 parking spaces. When finished, the property will total nearly 200,000 square-feet.

"The site offers close proximity to the planned Brightline train station, formally known as All Aboard Florida, and the new Wave Street Car route, making it a prime site for redevelopment," said Dolan.

St. George Guardabassi

A burgeoning Fort Lauderdale neighborhood, Flagler Village spans from Broward Boulevard to Sunrise Boulevard and from Federal Highway east to the FEC Railway.

"Over the last few years, multiple redevelopment projects, rebranding campaigns and community grassroots efforts have resulted in Flagler Village becoming an attractive, avant-garde setting for Fort Lauderdale's young professionals," said Guardabassi. 

"It's home to FAT Village, Peter Feldman Park, Mockingbird Trail, state-of-the-art condos and multiple in-progress developments that will further its transformation."

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

CBRE Arranges $42 Million Sale of Luxury Apartments in Orlando, FL

Shelton Granade

Orlando, FL –– Shelton Granade, Luke Wickham, and Justin Basquill of CBRE Investment Properties arranged the sale of The Glenn, a luxury apartment community at 10801 Heather Ridge Circle in Orlando, Florida.

he 396-unit complex was acquired from Heather Glen Holding Company LLC by Insula Companies for $42 million. CBRE provided exclusive representation to the seller.

“Although community amenities and exterior features of The Glenn were extensively upgraded in recent years, the interiors still presented the new ownership with a great value-add opportunity,”  said Mr. Granade, CBRE Vice Chairman.

“As an added attraction, this well-appointed community occupies a very high-demand location near the University of Central Florida,”

The Glenn features three pools with sundeck and tanning areas, a clubhouse, sand volleyball, and a newly constructed 2,500-square-foot fitness center with spin and yoga room. Constructed in 1986 and updated in 2014-15, the community was 95% occupied at closing.

Mr. Granade and his Central Florida Multi-Housing team have executed more than $6 billion in apartment transactions in the Orlando area.

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

Elizabeth Cross

Daniel Jimenez

+1 305 428 6373

+1 407 839 3191

elizabeth.cross@cbre.com

 daniel.jimenez@cbre.com

www.cbre.com.

Marcus & Millichap Brokers $6.75 Million Sale of 40,000-SF Parkway Professional Center in Lakeland, FL

Krone Weidler

LAKELAND, FL, Feb. 10, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Parkway Professional Center, a 40,000-square foot medical and professional office building located in Lakeland, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $6,750,000.

L.J. Tsunis, associate, and Krone Weidler, vice president investments, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a REIT, was secured and represented by Kimberly Cameron, an associate in the firm’s Nashville office. 

Parkway Professional Center is located at 4725 U.S. Highway 98 South in Lakeland, Florida. Constructed in 2009, Parkway Professional Center sits on an approximately 2.68 acre parcel with ingress and egress to the property located on the southbound side of U.S. Highway 98. The property is approximately one mile south of the Polk Parkway allowing easy access to Tampa and Orlando.

“We had tremendous interest in this asset from investors all across the country and were able to put the property in contract in under 30 days,” says Tsunis. “Investors, particularly REITs, are looking for Class A quality medical office buildings that are close to a hospital or have hospital affiliated tenants.”

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

                              

Richard D. Matricaria

Vice President/Regional Manager

 Tampa, FL

(813) 387-4700

RealtyTrac Reports onTop 5 Most Vacant U.S. Cities

MSA	ALL Residential Properties	Vacant Properties	Vacancy Rate
Flint, MI	154,137	11,605	7.5%
Detroit-Warren-Dearborn, MI	1,539,609	81,190	5.3%
Youngstown-Warren-Boardman, OH-PA	156,861	6,979	4.4%
Beaumont-Port Arthur, TX	124,939	4,695	3.8%
Atlantic City-Hammonton, NJ	112,765	4,191	3.7%

Top 5 U.S. Cities Running out of Rooms

MSA	ALL Residential Properties	Vacant Properties	Vacancy Rate
San Jose-Sunnyvale-Santa Clara, CA	443,387	858	0.2%
Fort Collins, CO	105,876	246	0.2%
Manchester-Nashua, NH	117,729	342	0.3%
Provo-Orem, UT	131,449	397	0.3%
Lancaster, PA	148,177	457	0.3%

1.       Out of nearly 85 million residential properties (1 to 4 units) nationwide, more than 1.3 million (1.6 percent) were vacant in February 2016, down from 1.5 million vacant (1.8 percent) in September 2015.

2.       Investment properties are more likely to be vacant (4.3 percent vacancy rate nationwide), but investment property vacancy rates a rock-bottom 3 percent in more than one-third of U.S. markets — good news for landlords but bad news for renters in those markets.

3.       Vacant “zombie” foreclosures were down 4 percent from a year ago nationwide, but continue to increase in a minority of markets, mostly those with a protracted foreclosure process or high numbers of blighted properties.

o   Metro areas with the biggest increase in zombie foreclosures from a year ago included Worcester, Massachusetts (up 163 percent), Providence, Rhode Island (up 148 percent), Boston (up 111 percent), St. Louis (up 108 percent), and Detroit (up 71 percent).

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

jennifer.vonpohlmann@realtytrac.com

Pulte Homes at Royal Estates near Windermere, FL to Celebrate Opening Phase 2 with 62 Additional Homesites

Lyndsey Patterson

ORLANDO, FL--- Royal Estates, the luxury community of single-family homes in the Windermere area off Reams Rd. at 9412 Royal Estates Blvd. Orlando, will host a celebration - the opening of Phase 2 with 62 additional home sites on Saturday, Feb. 20.

Lyndsey Patterson, director of marketing for Pulte Homes in the Orlando region, said that out of the 62 new home sites at Royal Estates, 30 of them will be waterfront – a welcome opportunity for the area.  In addition, roads into Phase 2 have been completed so home buyers may drive through the entire community.

The community offers four one and two-story home designs with four, five and six bedrooms, up to six baths, and three-car garages,  priced starting from the high-$300s to $500s.

Amenities at Royal Estates include a resort style swimming pool, cabana and tot lot. The area boasts top-rated Windermere schools and convenience to Orlando area attractions, shopping complexes with brand-name chains and downtown districts with specialty boutiques.     

Pulte’s new “Life Tested® homes at Royal Estates range in size from 2,489 square feet of living space to 4,200 square feet and offer optional features such as loft spaces, Pulte Planning Centers, multi-generational suites and tile roofs.

Patterson said the event, which is open to the public from 1 to 3 p.m., will feature music entertainment and refreshments.

 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