Comments about real estate, economy, and issues that affect my job as a Realtor.
Lately, of great importance is the display of the most important
PRE-CONSTRUCTION PROJECTS IN SOUTH FLORIDA.
My name is Henry B. Nathan
I am a realtor at United Realty Group.
My phone # is 954-296-6741
The unfulfilled hope of re-development at Lauderdale Lakes had been a sore in Broward county real estate since the start of the big recession. But something was going on that could re-launch the Bella Vista for good.
Then I read an article in the Sun Sentinel.
Finally I was contacted by the developers who have started selling the new project at Bella Vista.
This is one project that will provide quality homes at affordable prices for our middle class.
God knows that we need this type of development rather than the multimillion-dollars condos catering to foreign buyers and vacationers.
Let's read first the Sun Sentinel's article of May 15, 2015:
A project once heralded as key to the city's economic
revival — a development that was crushed by the housing collapse and later fell
into foreclosure — is ready to rise again.
New owners are breathing life into the planned Bella Vista
development on Oakland Park Boulevard east of State Road 7, where none of the
commercial space and only 100 of the originally promised 541 residential units
have been built.
"There was so much hope when the development came and
it looked promising at the time," Mayor Barrington Russell said. He owns
property there and is optimistic about "the new upturn."
A joint venture by Integra Investments and Forse Holdings
has set up a sales office in the existing clubhouse and plans to begin
construction soon on 30 town houses and 124 villas. The units are to be priced
between $220,000 and $270,000 and should take about 18 months to complete,
What that means for the city is a bigger tax base and more
"I'm extremely excited about this project being
restarted," said Commissioner Patricia Hawkins-Williams, who heads the
city's redevelopment board. "We're growing. We're trying to do what we can
to revive our city."
The activity is welcome news to residents who bought there
only to see construction stall and property values plummet during the
recession. They watched as the development became swamped with renters and have
been looking out on acres of vacant land where they had expected to find
neighbors and stores.
In retrospect, given the impact of the recession on property
values, maybe the construction delay was a good thing, said Gary Rogers,
director of the city's redevelopment agency that originally assembled the
property and shepherded it through the needed zoning changes.
"I'm just glad more people didn't get hurt," said
Rogers, who always had confidence the development would resurface.
"Lauderdale Lakes is like the rest of the country,
coming back to life," Rogers said.
The 26.7 acres of vacant land was purchased for $8.25
million in August, according to county property records.
The new developers have taken steps to fix a fountain behind
the regional library, which opened in connection with the project in 2010, said
Ivan Ramirez, president of Crescendo Real Estate, that is marketing the site.
They've also repaired and touched up the existing clubhouse, gates, pool and
The developers are also putting together plans for the
designated open space, which will probably include a dog park, walking trails,
benches and possibly a playground, Ramirez said.
A second phase is to
include 112 condominiums in four, four-story buildings.
A third phase would
have another 205 condominiums combined with 15,000 square feet of commercial
space along Oakland Park Boulevard.