Broward's housing will be multistory, not single-family (Miami, Fort Lauderdale: for sale, real estate)

[sunrico90]

Is this the future for Broward? single story housing cost should soar all the way to the moon.....

As land runs out and population continues to climb, developers in almost every city are proposing multistory condo towers, anchored by ground-floor shops, offices and restaurants. lready flourishing in eastern cities such as Fort Lauderdale, such big-city development is for the first time spreading to the suburbs. In Sunrise, for example, a 26-story condo tower near Sawgrass Mills is slated for completion at year's end. An 18-story complex is planned for Plantation near the Fashion Mall and a new downtown is taking shape in Coconut Creek with construction of The Promenade at Lyons, an eight-story mall with about 60 stores and restaurants, offices and condos. The Mall of the Americas will be nothing compare to The Promenade at Lyons.

By 2020, planners expect Broward's population to grow by nearly 400,000, to almost 2.2 million. Those favoring denser development say the idea is to allow people to live near where they work and shop. Developers say they are catering to young professionals, people going through a life change such as a divorce and empty nesters looking for smaller digs.

[tallrick]

This will be the low-income housing of the future.

[jbravo]

Originally Posted by sunrico90

Is this the future for Broward? single story housing cost should soar all the way to the moon.....

cool smileys!

[macguy]

Originally Posted by sunrico90

Is this the future for Broward? single story housing cost should soar all the way to the moon.....

As land runs out and population continues to climb, developers in almost every city are proposing multistory condo towers, anchored by ground-floor shops, offices and restaurants. lready flourishing in eastern cities such as Fort Lauderdale, such big-city development is for the first time spreading to the suburbs. In Sunrise, for example, a 26-story condo tower near Sawgrass Mills is slated for completion at year's end. An 18-story complex is planned for Plantation near the Fashion Mall and a new downtown is taking shape in Coconut Creek with construction of The Promenade at Lyons, an eight-story mall with about 60 stores and restaurants, offices and condos. The Mall of the Americas will be nothing compare to The Promenade at Lyons.

By 2020, planners expect Broward's population to grow by nearly 400,000, to almost 2.2 million. Those favoring denser development say the idea is to allow people to live near where they work and shop. Developers say they are catering to young professionals, people going through a life change such as a divorce and empty nesters looking for smaller digs.

I'm living in my other house now in Crossiant Park and I want to sell it as well. Prices in here have gone up and down like everywhere else but I have done some checking . I think I may end up selling to a developer like I did the other house. I just checked on a couple of houses that sold a few streets over from me that have been bulldozed and was shocked to see what was paid. One lot the builder paid $432,000 and the other the same builder paid $430,000 and this was just last August. These are nothing lots 60 to 75 x 110 with old 50's two bedroom homes on them. That was what they where selling for at the peak. I can't understand why the builders want them so bad? I know the town houses around are asking in the high $600's and some high $700's but I don't see any selling. They must figure no matter what South Florida is not a bad future investment. There is not a vacant lot left in the whole town.

You think I am kidding here is the listings

http://www.bcpa.net/RecInfo.asp?URL_Folio=504215280620

http://www.bcpa.net/RecInfo.asp?URL_Folio=504215280640

They have already broken ground.

[triton1]

There is plenty of real estate for sale in South Florida. People do not live in their homes forever. Every day, plenty of houses somewhere in south Florida, as well as all over the country, go up for sale. It would likely be better to just stop building all those highrises and let people have access to single family homes as they please. Especially since if you live in a high rise, you can not garden or plant nice things, have your own palm tree in your backyard. With single family residences, you can do all that and nobody will complain.

[triton1]

Also, if you live in a single family house, you can also have picnics with your friends and family. I do not think you can do that living in a highrise apartment/condo.

[sunrico90]

Originally Posted by macguy

I'm living in my other house now in Crossiant Park and I want to sell it as well. Prices in here have gone up and down like everywhere else but I have done some checking . I think I may end up selling to a developer like I did the other house. I just checked on a couple of houses that sold a few streets over from me that have been bulldozed and was shocked to see what was paid. One lot the builder paid $432,000 and the other the same builder paid $430,000 and this was just last August. These are nothing lots 60 to 75 x 110 with old 50's two bedroom homes on them. That was what they where selling for at the peak. I can't understand why the builders want them so bad? I know the town houses around are asking in the high $600's and some high $700's but I don't see any selling. They must figure no matter what South Florida is not a bad future investment. There is not a vacant lot left in the whole town.

You think I am kidding here is the listings

http://www.bcpa.net/RecInfo.asp?URL_Folio=504215280620

http://www.bcpa.net/RecInfo.asp?URL_Folio=504215280640

They have already broken ground.

Excellent post....

[sunrico90]

Originally Posted by triton1

There is plenty of real estate for sale in South Florida. People do not live in their homes forever. Every day, plenty of houses somewhere in south Florida, as well as all over the country, go up for sale. It would likely be better to just stop building all those highrises and let people have access to single family homes as they please. Especially since if you live in a high rise, you can not garden or plant nice things, have your own palm tree in your backyard. With single family residences, you can do all that and nobody will complain.

This is true, but the developers and investors want to generate income. The tourist market will continue to grow regardless of cost. Does anyone knows who is the primary tourist group visiting south Florida today? Sometime back we had the Japanese...don't know today...

[FireFawn]

Just want to give credit here...this article is from the Sun-Sentinel. It's an interesting read. Link to the full article here:

http://www.sun-sentinel.com/news/loc...0,597188.story

[doggiebus]

Originally Posted by sunrico90

Does anyone knows who is the primary tourist group visiting south Florida today? Sometime back we had the Japanese...don't know today...

This is for Miami-Dade County: United States Resident make up 55.9% the other half of tourist are Non-USA Resident 44.1%

USA Residents
North East 41.3%
North Central 21.9%
Southern 30.7%
New York 18.8%
Western 6.1%

NON- USA Residents
South America 52.8%
Europe 32.4%
Brazil 17.5%
Germany 8.9%
Colombia 8.3%
England 7.0%
Canada 6.4%
Central America 5.0%
Caribbean 2.6%