The developer, American Safety Insurance Group of Hamilton, Bermuda is closing on $100 million of pre-sold units in the first 294-unit phase which includes 248 mid-rise condo units and 46 courtyard homes.
The sales include an undisclosed number of boat slips. The condos are selling for an average $300,000 per unit.
The developer received a Volusia County certificate of occupancy this week for the first building, a four-story, 32-unit structure which is sold out. Presales on the second, 376-unit phase are under way. The project is expected to be completed in three to five years.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
