Saturday, July 20, 2019 / by Jordana Tobel
When drivers exit east from Interstate 95 and head toward the beach, they drive through West Atlantic, a mostly deserted series of empty lots peppered with the occasional bar or retail store.
That’s all going to change as the city recently gave away – yes, gave away – 7.4 acres of land from 600 to 800 West Atlantic Avenue to developer BH3 Management, the only group that offered to both make the area into a “destination” and provide over 700 parking spaces.
The $100 million mixed-use project, AltaWest, is comprised of about 3 blocks including:
- 43,000 square feet of ground floor retail
- 21,600 square feet of professional office space
- 1 33,000-square-foot grocery store
- 165 residential units totaling 272,242 square feet
- 744 parking spaces
- Approx. 45,000 square feet of public space called “Frog Alley”
- Up to 30 workforce housing units
- Including 18 affordable housing units being ...
Sunday, July 07, 2019 / by Jordana Tobel
Here are the top 20 real estate housing statistics and real estate marketing trends for 2019:
1. How many houses were sold in 2018?
Approximately 5.4 million homes were sold in 2018. This includes both existing homes and new construction. (Source: Realtor.com)
2. What states have the highest property taxes?
Here are the top 10 states for high property taxes for 2018:
New Jersey: $8,780
New York: $6,947
New Hampshire: $6,253
District of Columbia: $5,480
Rhode Island: $5,368
Texas: $5,265 (Source: CBS News)
3. Which states pay the lowest property taxes annually in 2018?
Property taxes are lowest in the southern part of the United States. The two exceptions are Hawaii and Delaware. Here are the seven states that had the lowest property taxes in 2018:
West Virginia: $629
South Carolina: $821
Friday, May 24, 2019 / by Jordana Tobel
In an area that used to be full of orange groves, Palm Beach County's newest city is booming as the place where young families are settling. Since it became a city in 2016, the city has grown by absorbing another 200 acres (bringing the total size to 4,000 acres) with a plan for 4,500 homes.
The city features shopping centers, a hospital, resort style amenities, a calendar of community events and more. At the heart of the city will be a vibrant Town Center, a shopping community where residents can meet, dine, shop and see live music.
Westlake got its name in part from Weston, the western Broward suburb of upscale, gated neighborhoods that also grew from one developer and a master plan. Minto Communities purchased the land in 2013 for 51 million and created the city from scratch. This is the same developer behind other planned communities such as Tradition in Port St Lucie.
The second part of its name is from its proximity to Lake Okeechobee, as the city is just 6 m ...
Friday, May 17, 2019 / by Jordana Tobel
Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019, according to the latest housing data released by Florida Realtors®. Rising home prices means buying today rather than waiting will likely save you money.
"Continuing a trend that we've been seeing for quite a while, median sales prices for both existing single-family homes and for condo-townhouse properties rose in Florida during the first three months of 2019," says 2019 Florida Realtors President Eric Sain, "The state's population continues to increase, our jobs outlook is strong and the economy is growing."
In fact, Florida continues to be ranked as the second-best state in the U.S. to do business, according to the 2019 survey of CEOs from Chief Executive magazine.
Big earners in high-tax states like New York, New Jersey and Illinois hit hard by a new federal tax law are flocking to low-tax states like Florida, according to the Wall Street Journal.
"I've bee ...
Friday, May 10, 2019 / by Jordana Tobel
Interested in the latest restaurants come to Delray Beach's Atlantic Ave? Here's everything you need to know from your local real estate experts at Premier Listings:
BIG TIME TASTE:
Big Time Restaurant Group, the group behind Louie Bossi, is hitting the Ave with its latest and most expensive project to date, Elisabetta's Ristorante Bar & Pizzeria. The finished space will bear no resemblance to its previous occupants, 32 East. Elisabetta will offer 2 floors of dining and bars with an upstairs indoor/outdoor patio area overlooking the avenue, a gelato station, and a beehive-shaped pizza oven. The design team traveled to Italy to bring back Tuscan pieces including a 300 year old fireplace that will be the centerpiece of a private dining room on the 2nd floor. Turn-of-the-century fixtures, including chandeliers, are also part of the decor, which will feature a great deal of wood -- something we love as the main design element for any restaurant or hom ...