News About Properties

Landmark Resort to include 3-story waterfall [Central Florida]

Nearly three years after the Hyatt Orlando closed its doors, consultants for the new owner vowed to turn the property into “a landmark in Central Florida.”

The Landmark Sun and Spa Resort, at the northeast corner of Interstate 4 and U.S. Highway 192, will feature a 378-room hotel with a 160,000-square-foot conference center and a three-story waterfall. It will also have five high-rise condominium-hotel buildings, with a lagoon running through the site. The buildings will feature glass and metal panels, materials not commonly used locally, Orlando architect Timothy Aebie said.

“There’s certainly nothing like this in Central Florida currently,” Aebie said Tuesday, sharing the latest designs with tourism officials at a lunch put on by the Kissimmee-Osceola County Chamber of Commerce. “We wanted to create something that has staying power.”

Fells Point apartment project up for sale [Baltimore]

The developers of a luxury apartment complex in Fells Point plan to sell the project, possibly as soon as this week, to take advantage of growing strength in Baltimore’s multifamily housing market.

The Crescent at Fells Point, a 252-unit waterfront development on Fell Street with gourmet kitchens, 10-foot ceilings and access to boat slips, won’t even start leasing until later this month, with monthly rents averaging $2,500.

But owner The Hanover Co., a developer of upscale apartment projects, has put the complex up for sale at a time when investor interest is high.

Developer pays $15M for Flying Bridge site [South Florida]

A luxury Naples home developer has bought the shuttered Flying Bridge Restaurant on Casey Key for $15.4 million, two months after a court ruling paved the way for redevelopment there.

R&D Cos. tentative plans for the waterfront property at 482 Blackburn Point Road call for a mix of upscale condominiums, boat slips and offices.

Report: McAllen-area homes undervalued [Texas]

Eric Rodriguez and his fiancée, Julia Raney, weren’t looking for quite the home they got when they started looking for a trade-up from their apartment two years after they graduated law school.

What they got for just more than $155,000 was a 2,400-square-foot, newly remodeled home off Harvey Avenue and North 10th Street in McAllen — complete with hardwood floors, new paint and brand new brushed-metal appliances.

Delays at Eden condos in Boca spur suit

More than two years after Sherri and Neil Eisner signed a contract to pay $475,000 for a Boca Raton condo, their unit still isn’t finished.

The frustrated couple asked the developer, Ceebraid-Signal of West Palm Beach, for their 10 percent deposit back. The developer refused, so the Eisners sued the company last week, marking the latest legal entanglement for the condo converter.

Homeowners play double jeopardy

A soft real estate market is leaving some buyers with one house too many

Jan Pelligrini had been searching for her dream home for the better part of two years when she finally found it nestled on a hill in Gloucester.

“When I drove by the house, I thought, `My agent is crazy, this is not a home I would even consider,’ ” she said. But she decided to take a peek inside anyway, just to kill some time while her agent held an open house at her condominium.