Boca Raton – Old Florida Will Be Here Soon!
Boca Raton the 400 million dollar mid-rise condominium project on Serene Avenue has major institutional backing from J.P. Morgan Chase Bank unlike many other projects in Las Vegas. The project seemed to have fallen a little behind the initial schedule, but things are now progressing well. Martin-Harris Construction, the general contractor, broke ground on the development in November 2004 and they had originally scheduled the first homes to be ready by this time. The first phase of 172 homes is now scheduled for completion by late November 2006.
The property has been designed in the old Florida style of the 1920s and 1930s and is truly quite distinctive. Boca Raton will ultimately consist of four luxury buildings of seven stories with two underground parking floors. There will be a total of 756 residences and prices for the homes start from $300,000. Floor plans range from almost 600 square feet to 2,400 square feet with one to three bedrooms. Strong demand for the condominiums led to the company opening up reservations for the second building much before schedule in the middle of last year. The sales and information studio features a full-size replica of a Casita Suite floor plan.
The company’s financial stability is strong and hence they are able to still sell condominiums in the first phase. This has allowed buyers to get the best pricing available. The homes are moving pretty quickly as buyers recognize construction costs are rising and pricing will eventually increase, according to Jerry Peterson, managing partner for the project. The community is in high demand and goes directly to contract. Buyers can use the developer's in-house lender and they are required to pay only 10% of the purchase price as a contract earnest deposit. This is much better when compared to many towers that require 30%.
Perhaps the best compliment and vote of confidence in the strengths of the property come from Derrick Hodson, whose company is the plumbing and mechanical piping contractor for Boca Raton Condominiums. So impressed was Hodson by the 15-acre project that he decided to purchase a unit as a second home. He says, “Boca Raton is one of the largest high-end condominium projects that my company has had the pleasure to work on. Having worked with two members of the development team, Stewart Simpson and Mack McKnight, during a previous project I felt confident in purchasing one of the units and getting in on the ground floor of development. It's nice to be able to invest in a project that you have been involved in constructing”
The amenities will include 24-hour concierge service, a Strip and airport shuttle, and several pet stations. Animal lovers and pet owners will find the pet stations extremely useful when they go out of town. A ten thousand squarefoot clubhouse, two resort-style pools, spas, and trails are also planned for the community. The residences also offer street-side entrances which is a very advantageous feature.
The property has been designed in the old Florida style of the 1920s and 1930s and is truly quite distinctive. Boca Raton will ultimately consist of four luxury buildings of seven stories with two underground parking floors. There will be a total of 756 residences and prices for the homes start from $300,000. Floor plans range from almost 600 square feet to 2,400 square feet with one to three bedrooms. Strong demand for the condominiums led to the company opening up reservations for the second building much before schedule in the middle of last year. The sales and information studio features a full-size replica of a Casita Suite floor plan.
The company’s financial stability is strong and hence they are able to still sell condominiums in the first phase. This has allowed buyers to get the best pricing available. The homes are moving pretty quickly as buyers recognize construction costs are rising and pricing will eventually increase, according to Jerry Peterson, managing partner for the project. The community is in high demand and goes directly to contract. Buyers can use the developer's in-house lender and they are required to pay only 10% of the purchase price as a contract earnest deposit. This is much better when compared to many towers that require 30%.
Perhaps the best compliment and vote of confidence in the strengths of the property come from Derrick Hodson, whose company is the plumbing and mechanical piping contractor for Boca Raton Condominiums. So impressed was Hodson by the 15-acre project that he decided to purchase a unit as a second home. He says, “Boca Raton is one of the largest high-end condominium projects that my company has had the pleasure to work on. Having worked with two members of the development team, Stewart Simpson and Mack McKnight, during a previous project I felt confident in purchasing one of the units and getting in on the ground floor of development. It's nice to be able to invest in a project that you have been involved in constructing”
The amenities will include 24-hour concierge service, a Strip and airport shuttle, and several pet stations. Animal lovers and pet owners will find the pet stations extremely useful when they go out of town. A ten thousand squarefoot clubhouse, two resort-style pools, spas, and trails are also planned for the community. The residences also offer street-side entrances which is a very advantageous feature.
posted by realestatevegas | 9:21 AM
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