August 2015, Vol 5, No 8
- 8.30.2015 Fort Lauderdale waterfront condo development site trades for second time in 9 months Atlantic Residents Development, an Atlantic City, New Jersey company managed by John Atkinson and George Miller, sold the 33,984-squad-foot property for $13.47 million to Costa Bahia, a Fort Lauderdale-based company managed by Leonardo Guillermo Coll Mazzei. The price equates to $396 per square foot. [South Florida Business Journal]
- 8.24.2015 $1.5 million valet parking dispute pits Miami luxury condo board against developer Residents of a downtown luxury condo have been told they must cough up $1.5 million for the 50 parking spots they’ve used for valet parking — for free — since the building opened in 2008. [Miami Herald]
- 8.14.2015 Kolter plans first major condo project this decade for downtown Fort Lauderdale Kolter Group plans to build a condo tower and hotel on the property it recently acquired at 100 E. Las Olas Blvd., said Scott Webb, president of Kolter Hospitality. The West Palm Beach-based company acquired the 38,325-square-foot site for $17.25 million. [South Florida Business Journal]
- 8.7.2015 Luxury condo designed by Enrique Norten finishes construction in South Beach Developers have completed an ultra-luxury condo project designed by prominent Mexican architect Enrique Norten in Miami Beach’s South of Fifth neighborhood. [Miami Herald]
- More News...
From equipment failure and personal injuries to tornadoes and tropical storms, disasters happen, and any condominium association worth its salt knows that it needs to be prepared for a rainy day. Actually, even the most disreputable association worth zero salt is aware of this. And a great chunk of said preparation consists of insurance.Read More
In cities like Miami and Palm Beach, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds. With more condo and HOA residents than ever renting out their units to short-stay vacationers, Floridians have found a new way to pocket more than a few extra bucks in this new part of the tourist economy.Read More