These days, buying a new condominium might mean access not only to your dream home but also to the kind of high-end amenities that can transform a beautiful home into a spectacular one. At least that is the goal of developers and boards seeking to draw new buyers and keep current unit owners happy. Beyond the bricks and mortar, the condo experience is becoming about lifestyle, not just living space.
“With every new development, we see that expectations continually rise,” says David Cohen, LCAM, vice president of service excellence for AKAM On-Site, based in Dania Beach. “Amenities that were once considered luxury additions, such as a communal weight room or steam room, are now considered standard. With each new construction project, we see developers improve upon amenities and enhance service offerings in order to attract buyers to their property.”
Finding the right mix of amenities is about knowing what buyers and residents want—something that can change over time. This is especially true in high-end developments where so many more options may be available. “A developer needs to be in tune with the market and offer lifestyle amenities that meet the needs of luxury buyers,” says Todd Kendall, executive vice president, development services for Premier Sotheby’s International Realty, which has offices throughout Florida.
This focus on service is part of the new construction cycle. “In the last cycle of pre-construction, people were offering more along the lines of unfinished spaces” that buyers could tailor alongside standard amenities such as pools, gyms and media centers, says Laura Steinbruckner of the Jacky Teplitzky Team at Douglas Elliman Real Estate, with offices in Miami Beach.
These days, turnkey properties are far more in vogue, as are amenities designed to offer convenience and comfort. “Developers are creating an experience,” says Steinbruckner. “There has to be a way for a project to shine.” And that experience is about service at its core. “It’s really about the five-star experience,” says Steinbruckner. “People are looking for more of that service-oriented feel.”