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Greystar Begins Construction on Fort Lauderdale Luxury Apartments

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Fort Lauderdale , Fla.—Greystar has begun construction on Elan 16Forty, a new 261-unit, mid- rise apartment community in Fort Lauderdale ’s growing downtown district , which will also offer 2,300 square feet of retail space. “Elan 16Forty will be minutes from the beach, Galleria shopping, Hollywood Park, the Las Olas district and downtown,” Gary Wallace, Greystar’s managing director of development, tells MHN . “It is the latest community we have developed under the Elan brand.  Elan communities embody Greystar ’s philosophy of developing stylish, high- quality apartment homes in distinctive locations.” Elan 16Forty will offer a variety of one-, two- and three- bedroom floor plans ranging in size from 686 to 1,599 square feet of living space. Units will include stainless steel appliances , custom kitchen islands with European cabinetry, granite countertops with under mount sinks, pendant lighting, bamboo flooring in living areas, contemporary carpeting in bedrooms and ceramic tile ...

ZOM and NRP Group Complete Workforce Housing

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...

Zillow : Home Values Higher than Ever in Almost Half of Nation's Largest Markets

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...

ZipOrange Now Offers Homeowners the Ability to List Vacation Properties on Website for Rent or Sale for Free

FORT LAUDERDALE, Fla./ August 22, 2017 (PRN)(StlRealEstate.News) — ZipOrange, an online Florida vacation guide and property listing service , now offers Florida homeowners the ability to list their vacation properties for rent or for sale for free within their online directory . Properties that are listed on ZipOrange can be viewed by searching through the Vacation Homes database , as well as under a specific Florida destination that’s targeted to travelers who are looking to find a home in a particular area. Homeowners also have access to unique marketing tools when adding their listing. These options will assist the homeowner to rent or sell their vacation property more easily. For example, homeowners can choose to receive custom flyers , lawn signs, social media blasts , and more when they add their listing. “We wanted to offer a place where homeowners can easily list their vacation homes themselves, and take advantage of several unique marketing tools to attract the perfect ...

Miramar Park Apartments | AMLI Residential

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AMLI sells luxury apartments in Miramar to Boston investment manager for $82M Rents started at just under $2,000 a month for a one-bedroom unit By Katherine Kallergis | July 18, 2017 11:15AM Miramar Park Chicago- based AMLI Residential just sold a luxury apartment community in Miramar for $82 million, or about $273,000 per unit. Property records show PPF AMLI Miramar Boulevard LLC sold Miramar Park to Bel Miramar LLC , a company tied to Boston- based investment manager Eaton Vance Management . AMLI completed the 300- unit rental development at 11000 Miramar Boulevard in 2015. Units range from 840 square feet to nearly 1,500 square feet, according to its website. Amenities include a pool with cabanas, house bar and outdoor grills, a fitness center, yoga studio, clubroom, bark park and pet spa, lily pond, sculpture garden and more. Rents started at just under $2,000 a month as of July for a one-bedroom unit. Apartments feature granite countertops , designer tile or wood floors an...

How Caleb Lewis became the latest LSU QB to earn a scholarship

The dream for Caleb Lewis to play college football at LSU began when he was 7, the night his parents let him stay up late enough to see the Tigers beat Oklahoma for the 2003 national championship. The quest continued through high school, when he won three state championships while playing for his head coaching father . Lewis, 21, reached another goal last week when coach Ed Orgeron offered the former preferred walk-on quarterback a scholarship that will last at least through the end of this fall semester. "When he called me, I was in the middle of lunch duty," said Lewis' father, Tommy, a head football coach at Westminster Academy in Fort Lauderdale, Fla. "I saw his face," Lewis said of the FaceTime call on his mobile phone. "I could tell it was tears of joy." The scholarship put Lewis more on par with senior starting quarterback Danny Etling and backups Myles Brennan and Lowell Narcisse, both freshmen, and Justin McMillan, a sophomore. His hop...

Mill Creek Acquires 448-Unit Emerald Bay Club Apartment Community in Boca Raton, Florida

BOCA RATON, FL - Mill Creek Residential , a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the acquisition of Emerald Bay Club Apartments , a two-story garden- style community situated in the highly desirable West Boca submarket .Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents . The community, featuring 448 apartment homes , will receive interior updates , landscaping improvements and the addition of several resort- style amenities , including a luxury pool and fully equipped fitness center . " Palm Beach County is an extremely attractive location with a strong mix of entertainment destinations, employment opportunities and top-of-the-line schools," said Wes Dickerson, senior managing director of acquisitions for Mill Creek Residential . "We believe our upgrades to Alister Boca Raton wi...

Mill Creek Acquires Emerald Bay Club Apartments in West Boca

BOCA RATON, Fla. , June 7, 2016 /PRNewswire/ -- Mill Creek Residential , a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Emerald Bay Club Apartments , a two-story garden- style community situated in the highly desirable West Boca submarket . Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents . The community, featuring 448 apartment homes , will receive interior updates , landscaping improvements and the addition of several resort- style amenities , including a luxury pool and fully equipped fitness center . " Palm Beach County is an extremely attractive location with a strong mix of entertainment ...

Miramar, RENTCafé, Most Expensive Apartment Markets

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Survey: Broward has Florida’s 5 priciest cities for rental apartments The survey by RENTCafé ranked Miramar as the state's most expensive rental market August 19, 2017 02:00PM Aerial view of Broward County (Credit: Francisco Azola) Led by Miramar, Broward County has the five most expensive rental apartment markets in Florida, according to a survey by RENTCafé, a national apartment -search website. The average monthly rent for a Miramar apartment was $1,800 in July, a 3.2 percent increase from July 2016, RENTCafé reported. RENTCafé surveyed apartment buildings with at least 50 units. The survey excluded houses and condominiums on the rental market. Adrian Rosenberg, a spokesman for the website, told the Sun-Sentinel that Miramar rents reflect a large stock of high- end apartment buildings in the southwest Broward County suburb , where developers have opened 1,500 new apartments since 2013. RENTCafé found that the average apartment rent in Fort Lauderdale ranked second amo...