FLORIDA: Good val­ues

Calgary Herald - Calgary Herald New Condos - - Recre­ation & In­vest­ment Prop­er­ties -

The com­pany was se­lected by the La­mondin Group, which man­ages the Hol­ly­wood Sta­tion res­i­den­tial devel­op­ment in down­town Hol­ly­wood, Fla., to sell the project’s re­main­ing $20 mil­lion US worth of in­ven­tory.

In the past year, more than 120 res­i­dences have been sold at the devel­op­ment, which con­sists of 360 apart­ment con­dos, town­houses and lofts.

Apart­ments mea­sur­ing 1,025 to 1,522 square feet are priced be­tween $150,000 and $240,000, while lofts rang­ing from 954 to 1,460 square feet are priced be­tween $150,000 and $225,000.

The 2,112-square-foot town­houses carry price tags be­tween $250,000 and $260,000.

Like most other re­gions of

MVisit our web­site un­der the head­ing, ‘Rec Prop­er­ties,’ for more sto­ries and photo gal­leries. Florida, Hol­ly­wood is work­ing its way back from the re­ces­sion, which had a neg­a­tive im­pact on real es­tate prices and ac­tiv­ity.

“Fi­nally after years of abuse, the mar­ket is be­gin­ning to re­cover,” says Grout. “We’re notic­ing an in­cre­men­tal im­prove­ment in prices and sales — and in­ven­tory lev­els are down.”

But there are still good val­ues to be had, along with a more di­verse group of in­ter­ested buy­ers, she says.

Hol­ly­wood Sta­tion is cen­trally lo­cated within a few kilo­me­tres of Hol­ly­wood Beach, Gulf­stream Park, Aven­tura Mall, Hard Rock Ho­tel and Casino — along with Fort Laud­erdale and its in­ter­na­tional air­port — all of which adds to the ap­peal as a sec­ond home.

“We’ve been see­ing a larger num­ber of prospec­tive buy­ers com­ing in from the north­east U.S. and lo­cal buy­ers,” says Richard La­mondin, pres­i­dent of La­mondin Group. “But we are con­tin­u­ing to work in in­ter­na­tional mar­kets with in­vestors who want to di­ver­sify and are look­ing for trusted as­sets.”

Grout says the Hol­ly­wood mar­ket con­tin­ues to heat up as a model for “ur­ban-liv­ing” real es­tate — tak­ing ad­van­tage of the grow­ing ap­peal of the beach­side city, where there are new up­scale shop­ping and en­ter­tain­ment cen­tres avail­able in south Florida.

“Hol­ly­wood Sta­tion is a great op­por­tu­nity for any­one look­ing to safe­guard their in­vest­ment and buy into a vi­brant lo­ca­tion that is flour- ish­ing with new devel­op­ment ac­tiv­ity,” says Grout.

Cour­tesy, Hol­ly­wood Sta­tion

Hol­ly­wood Sta­tion in Hol­ly­wood, Fla., is cen­trally lo­cated within a few kilo­me­tres of Hol­ly­wood Beach and Gulf­stream Park.

The mas­ter bed­room of an apart­ment condo in the project.

This pool is for res­i­dents of the apart­ment con­dos.

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