Inventory Intel
The building’s completion marks progress on phase one of the Centro City master plan.
The development features one- to three bedroom residences with prices ranging from $900,000 to over $4 million.
Homes in the eight-story building will be reserved for those earning between 30% and 110% of the area median income.
The plot of land is located at 6210-6282 N Andrews Ave. in Fort Lauderdale’s Uptown Business District within the Cypress Creek submarket.
The development is slated to bring over 300 homes to the heart of downtown Boca Raton.
In addition to the re-built 1920s-era Villa Prescott, Prescott Estates will feature four new waterfront luxury homes on Biscayne Bay.
Each condo will feature floor-to-ceiling windows and offer views of the Atlantic Ocean, Intracoastal Waterway and downtown Pompano Beach.
The 30-story tower will be one of Miami’s first high-rise development to take advantage of Florida’s Live Local Act, which provides developers economic incentives to include affordable housing in new projects.
Construction began in June, and developers ANF and Housing Trust Group plan to complete the $185 million mixed-use project by early 2027.
Saltgrass will offer luxury single-family homes on large homesites.
The milestone follows the recent sale of the Indigo’s penthouse for $14.5 million — the highest-priced transaction for a new development condo in Broward County.
The team has also secured construction permits for a 330-foot-tall building with an expected 100 residential units.
The 18-story building will feature 22 luxury residences and 56 hotel rooms preserved as part of the historic Versailles Hotel.
As part of condo purchases at One Twenty Brickell Residences, homebuyers receive a designated office suite on levels two through 12 of the property.
FAVO’s acquisition comes amid efforts by the Lauderhill-based company to diversify its portfolio of income-generating real estate.
Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter
