Media coverage that I am made aware of will be posted here with a corresponding link to the coverage. These links however seem to move from time to time so when able, will replicate the media here:
Townhomes Expected to Revitalize Plantation.
Online article headline changed to:
Plantation townhomes to help revive Sunrise Boulevard corridor
“There is an availability gap in that price range, no doubt about it,” said Christopher Longsworth, CEO of Invesca.
Most of the new construction across South Florida targets well-to-do buyers, many of whom are coming from outside Florida and the U.S. Even some new townhome developments are out of reach for first-time buyers, with prices above $300,000.
“Even though we may be transitioning to more of a buyer’s market, this project should do very well,” said Jack McCabe, a housing analyst in Deerfield Beach.
Plantation-based Invesca also is developing Koi Residences & Marina, which features 46 three- and four-story waterfront villas east of Dixie Highway on the south side of Atlantic Boulevard.
Prices at Koi range from $439,000 to $669,000, and the project is more than 90 percent sold, the developer said. Invesca plans to launch a 92-unit second phase, Ethos, in April.
Amenities include three parks, fitness trails, a resort-style pool, spa, fitness center, a billiards room and a volleyball court. The developer hopes to obtain an environmental designation from the U.S. Green Building Council.
Invesca is building on more than 13 acres of the 24-acre site, said Gayle Easterling, senior planner for the city of Plantation. The balance of the site will be redeveloped later, with residents preferring a commercial use, Easterling said.
The townhomes will be built on land that has housed eight nondescript buildings, mired by low vacancies and maintenance problems in recent years, she said.
“The neighborhood is very happy to see that property redeveloped,” Easterling said.
Strata is part of a larger initiative by the city to improve West Sunrise Boulevard.
Another project, Broadstone, will bring 250 apartments to the area, and work continues on the renovation of the Plantation Pointe Office Park, the campus once owned by electronics giant Motorola Solutions.
The park’s owner, Torburn Partners, has filled the 850,000-square-foot complex by negotiating leases with Motorola, health care company Amsurg Corp. and Magic Leap, a developer of entertainment technology.
Baptist Health South Florida is building a 15,000-square-foot endoscopy center on the property. Starbucks, Walgreens and other national retailers also are coming to the site.
“The resurrection of that complex is putting the West Sunrise Boulevard corridor back on the radar,” commercial real estate broker Jonathan Kingsley said.
Peowers@tribpub.com, 561-243-6529 or Twitter @paulowers
City Approves 147-Unit Townhouse Project
City approves 147-unit townhouse project
Amenities at Strata will include a club house, a pool, three parks, beach volleyball, fitness trails, a fitness center, and billiards. The developer plans to launch sales shortly.
The 22.4-acre property was acquired for $7 million in 2014. The townhouse project would go on 13.5 acres. An office building would remain on three acres of the site, although the additional 8.1 acres could be rezoned for another project.
Invesca Development Group is also building the Koi Residences and Marina in Pompano Beach.
State Gets $2 Million for Conservation by Selling Plantation Land
State gets $2 million for conservation by selling Plantation land
Gov. Rick Scott and the Florida Cabinet on Tuesday quickly approved a proposal to sell 6.4 acres of vacant land in Plantation as part of an effort to bolster state funding for future land conservation.
The sale of the land, owned by the state Department of Management Services, will lead to $2 million going into a trust fund that is used for purchases under the Florida Forever conservation program.
The purchaser, Strata Group LLC, plans to build 250 town homes, 380 apartments and a school for children with special needs on the 6.4-acre parcel and an adjacent 18.34 acres, according to state records…