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 Contact Jackie Marks at:  jackie@jackiemarks.com or Phone: Miami - Dade: (305) 495-9996 / Toll Free (877) 848-0036

 

 


Alaqua Waterfront Condominiums and Homes in Aventura

The first South Florida condominium project for Orlando-based GDC Premier Communities of Florida will be Alaqua, a mid-rise, 193-unit condominium tower, planned for the Aventura waterfront.

"It's a project that has been carefully determined by market needs and demographics," said Philip Spiegelman, president of the Miami-based International Sales Group, exclusive sales and marketing agents for Alaqua, who estimated total sellout in the mid-$60 million range.

Named after an exotic daylily grown in Central Florida, the Mediterranean-styled tower at 3001 N.E. 185th St., will have four-, five- and seven-story elevations, said GDC-Florida director Michael Mulhall.

"We are no strangers to Florida," he said. "GDC is active in the Orlando and Tampa Bay areas and already owns rental communities in both the Doral Country Club and West Palm Beach areas.

Mulhall's division just finished an upscale neighborhood in Celebration, Disney's showcase Central Florida community.

"We originally considered the Aventura waterfront tract for a rental project, but thought there might be a better opportunity on the sales side," he said. The buyers' line is already forming.

The $400,000-and-under market is now considered moderately priced, at least on Aventura's waterfront. "Most developers here are concentrating on the $500,000-and-up market," he said. "It's very hard to find anything used in a moderate price range - and impossible until now to find new construction in that range."

Relatively low prices are possible as the result of two factors: low land price and smaller units.

"We bought the land over a year ago before the recent sharp spike in prices," Mulhall said. "And the units will range in size from 900 square feet to 1,900 square feet for one-, two- and three-bedroom apartments."

Research by ISG showed that buyers are prepared to accept smaller units in order to get a better price, but they do not want to sacrifice location, luxury touches or amenities to get it.

GDC listened well. Upscale finishes and luxury amenities include polished granite countertops in kitchens, 10-foot ceilings with two-piece crown molding in living and dining rooms, screened terraces, walk-in showers and Roman tubs in most master bathrooms, double vanities, high-speed Internet access and full-capacity washers and dryers.

"The Alaqua should appeal to young professionals - especially with the new charter school nearby - as well as to snowbirds and investors," he said. "Some of my clients have made astronomical sums when they have resold their Aventura units."

With the record price spikes of the last two years, it has been difficult to find new construction bargains.

Contact Jackie Marks at:  jackie@jackiemarks.com or Phone: Miami - Dade: (305) 495-9996 / Toll Free (877) 848-0036
 

Alaqua Price Range*: 2 Bedrooms from $450,000

*The price range posted will change, I have reviewed the properties and am posting the current range for November 2005 strictly for your information. Please contact me directly for additional and specific pricing information.

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Contact Jackie Marks at:  jackie@jackiemarks.com
or Phone: Miami - Dade: (305) 495-9996 / Toll Free (877) 848-0036

Oral representation or any material on this site cannot always be relied upon as correctly stating the representation of the Developer. For correct representations, make reference to the documents required by section 718.503, Florida Statutes, to be furnished by the developer. Not an offer where prohibited by state statutes. Scale models, plans and renderings are artists representations, descriptions and amenities are subject to change without notice.

All information is subject to change without notice and is believed to be accurate but is not guaranteed. Please contact me directly to verify all current property information.

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