Ocean Palms will have 250 two-, three- and four-bedroom residences, which will range in size from approximately 1,700 sf to more than 3,000 sf. Units will start in the $400,000-range and go up to $2 million for penthouse residences.
Plans call for the building to be built in three tiers: 38 stories, 35 stories and 32 stories. Future plans call for a second phase to be built across State Road A1A at 3100 S. Ocean Drive. It would include a six-story building with 12,000 sf of retail space, 7,000 sf of restaurant space and a 332-space parking garage. The Ocean Palms Condominium will be built on the five-acre east, oceanfront property at 3101 S. Ocean Drive.
The condo project is scheduled to be completed in January 2006, and phase two is slated to open in January 2007.
All condo units will have a view of the Atlantic Ocean. Plans call for units to have Italian kitchens with granite counters, top-of-the-line appliances, master baths with whirlpool tubs, frameless glass shower enclosures, as well as large terraces accessible from the living room and master bedroom.
Amenities include 250 ft of beachfront property with an elevated pool deck, a two-story spa with fitness equipment, a massage room, a sauna, tennis court, a meeting/entertainment room with a terrace overlooking the ocean, and grand foyers with computerized elevators that provide private access to each residence.
"The Ocean Palms joint venture is the perfect marriage of Hollywood residential expertise and exclusive condominium experience," says Jonathan Fels, president of Avatar Properties, a well-known South Florida developer of single-family luxury residences.
The Plaza Group, a South Florida high-rise developer, is best known for The Palms, a luxury condominium project consisting of two 32-story towers and seven oceanfront villas recently built on Fort Lauderdale Beach. The group also developed a 200,000-sf headquarters facility for the Miami-Dade County School Board and the 300,000-sf Lantana & Jog Retail Center in Palm Beach County.
Avatar's projects include the Harbor Islands community in Hollywood, FL along the Intracoastal Waterway; the development of the 3,300-acre active adult community Solivita in Central Florida; and several residential enclaves in Florida and Arizona. Avatar Properties is a wholly owned subsidiary of publicly traded Avatar Holdings Inc.
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