Tom Rosen, president of The Continental Group's property management division, says as The Waverly attracts young buyers, the project will see stability in its residents.
"The fact that the environment is less transient provides for better consistency," he says. "We can get to know the residents on a more personal basis, and they come to know what they can expect of us in terms of servicing them."
Currently, The Continental Group represents 400 South Florida properties. The 12-year-old company has 2,700 employees.Athena Karlton SOBE LLC owns The Waverly, located at 1330 West Ave. between Biscayne Bay and the Atlantic Ocean. Athena Karlton SOBE LLC is a partnership of affiliates of The Athena Group LLC, based in New York City, and Karlton Properties LLC of Miami Beach.
The Waverly's one- and two-bedroom units range in size from 800 sf to 1,384 sf and are priced from $250,000. Amenities include a waterfront pool, a spa, a feng shui meditation garden, a gym and tennis and sand volleyball courts. Related Cervera Realty Services is the project's exclusive listing broker.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.