The opportunity zone program is a little-known provision of the Tax Cuts and Jobs Act that could be a powerful economic development tool for designated low-income communities. The program provides tax incentives to developers who invest in these areas, including 427 tracts of land in Florida, 68 of which are in Miami-Dade County.
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Pulte Group to Redevelop Former Golf Course in Oakland Park
National home builder Pulte Group has submitted a smaller development proposal for the former Oak Tree Golf Course, a 139.2 acre site in Oakland Park that they have under contract from Blackwood Partners. The trend of golf courses being repurposed is a familiar story line in South Florida due to high operation and maintenance costs. According to Marty Kiar, a Broward property appraiser, at least three of 45 golf courses in the county have closed in the last five years.
Residents of Oakland Park raised concerns about density and traffic in response to the original 850 home proposal, which Pulte Group downsized to 288 homes and 117 townhouses. The revised plan also preserves 40 acres for green spaces and fitness trails, and includes a buffer zone to separate the community from existing homes near the greenway. The defunct Oak Tree Golf Course stopped operating about ten years ago.
The development is pending Broward County’s approval for the land-use change and site-plan application, represented by attorney Dennis D. Mele. Prices for the townhouses would start in the $300,000s and range from $400,000 to $600,000 for the one and two-story homes.
Article by: Katya Demina
NBA Star Charlie Villanueva Sells Davie Estate For $2.25 Million
NBA star Charlie Villanueva has sold his home in Davie. The home was listed by Mario Stocco and Marc Brandt of Douglas Elliman Real Estate, has sold to a foreign buyer for $2.25M.
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Tour Author Jillian Hoffman's Las Olas Mansion Which Just Sold For $3.49 Million
Author Jillian Hoffman has officially sold her Las Olas Isles Mediterranean mansion in Fort Lauderdale for a cool $3.49 million. The 6,200 SF estate spans 5 bedrooms, 5.5 baths and offers a spectacular two-story entry with dual staircases, sweeping floor-to-ceiling windows and stunning waterfront views throughout the property.
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Related Group & sbe Announces Construction At 85% Sold Hyde Beach House Passes Halfway
The highly anticipated Hollywood Beach project Hyde Beach House, which is being developed in partnership by The Related Group and sbe, is now over 50% complete and 85% sold. The project is on track for a 2019 completion, and construction is currently on the 24th floor with John Moriarty & Associates.
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Former Designer of Versace Mansion Lists Her Two Ft. Lauderdale Mansions For Nearly $60 Million
Katia Bates, the former Designer of Casa Casuarina, infamously known as the Versace Mansion in South Beach, and her husband Tom, a well-known developer, have listed their two Fort Lauderdale properties for nearly $60 million.
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Sales Eclipse $100 Million at Terra's Botaniko Weston Luxury Home Community Designed By Chad Oppenheim and Roney J. Mateu
Sales have eclipsed $100 million at Terra’s currently under construction project Botaniko Weston, a 125 single-family home residential community. Set on 121 acres bordering the Florida Everglades, Botaniko marks the first luxury community to be developed in the exclusive suburban West Broward County neighborhood of Weston in over a decade.
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2000 Ocean Designed By Enrique Norten To Break Ground In Early 2018 In Hallandale Beach
2000 Ocean is gearing up to break ground in Hallandale Beach after launching sales in November 2017. The beachfront condo tower is designed by Enrique Norten's TEN Arquitectos and will rise 40 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower features 64 residences, the smallest being a 2,913 SF half floor 3 bedroom and ranging up to 5,832 SF full floor 5 bedroom penthouse residences. Pricing starts at $2.8 million.
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Auberge Beach Residences & Spa Officially Tops Off in Fort Lauderdale
The Related Group, Fortune International Group, The Fairwinds Group and Moss celebrated the topping out of Auberge Beach Residences & Spa Fort Lauderdale, the two-tower luxury development which is one of the highest-selling condos in Fort Lauderdale with 2 record breaking penthouse sales at $8.9 million and $9.5 million.
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Alco International Group Breaks Ground On Adagio Fort Lauderdale At 30% Sold
Alco International Group has broken ground on Adagio Fort Lauderdale located at 435 Bayshore Drive. The waterfront building is designed by GS4 Studios with interiors by Steven G and will rise 10 stories on the Intracoastal. The project is reportedly 30% sold and features 31 residences which range from 2 to 4 bedroom layouts.
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