FLORIDA: Good values
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.
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.