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May 30, 2006
Atlantis Paradise Island Condo Hotel / 800-819-5466 / Atlantis Condo Hotel By Turnberry
Atlantis Condo Hotel, Paradise Island Bahamas.
Kerzner International Limited, a leading international developer and operator of destination resorts, casinos and luxury hotels, announced that it has entered into a second supplement to the 2003 Heads of Agreement with the Government of The Bahamas enabling the Company to proceed with the next major phase of development at its flagship property, Atlantis, Paradise Island. The amended Phase III project will include the following components:
A 600-room luxury all-suite hotel. This hotel will be built in lieu of the 1,500-room hotel tower contemplated in the supplement to the 2003 Heads of Agreement. The Company anticipates it will commence development of this project during the second quarter of 2005. The proposed all-suite hotel will be situated west of the Royal Towers, adjacent to one of the best available beach sites in the Caribbean.
A 400-unit condo hotel. The Company expects to partner with Turnberry Associates, one of the premier real estate development and property management companies in the United States. The development cost associated with this condo hotel project is expected to be $200 million. The Company anticipates that this condo hotel project will be funded on a non-recourse basis based on pre-sales. The Company expects to commence pre-sales of the condo hotel by the first quarter of 2005. Investors interested in purchasing a condo hotel unit should contact Dean Isenberg at Dean@A-Realtor.Com
No changes to other previously agreed elements of the project. These include a significant expansion to Atlantis's water-based attractions and development of 100,000 square feet of additional group and meeting facilities, the Marina Village and additional timeshare phases.
Butch Kerzner, Chief Executive Officer of the Company, commented, "We have listened to our current customer base, reviewed the continued strong demand for the Atlantis experience and concluded, with the Government, that the 600-room all-suite hotel will encourage visitation to The Bahamas of a new, more affluent leisure and gaming customer. The all-suite hotel will add a new tourist segment to our business and continue to differentiate our product offering."
Butch Kerzner continued, "The all-suite hotel will also complement other key elements of the Phase III expansion, including the expanded water attractions, the meeting and convention space and the Marina Village. Construction of these elements of Phase III remains on track for the end of 2006."
Phase III will also bring the addition of world-renowned chefs and restaurants to Atlantis guests and The Bahamas. Nobu, the internationally-acclaimed new style Japanese restaurant conceived and run by heralded chef Nobu Matsuhisa along with partner Robert DeNiro, will replace Five Twins in the Atlantis Casino.
At the Marina Village, which is anticipated to open as early as August 2005, the renaissance of Cafe Martinique will be guided by acclaimed chef Jean-Georges Vongerichten. Carmine's, a popular New York restaurant that serves home-style antipasti, pastas, seafood and meat entrees designed for sharing, will represent a new family dining option.
Other dining and food establishments planned for the Marina Village include Bimini Road, a fun Caribbean experience serving flavorful island fare, and a modern steakhouse with a traditional butchery, wine market and bar.
The Company also announced the development of Ocean Club Residences, an 88-unit ultra-luxury condominium project at Ocean Club Estates, the residential development adjacent to the Ocean Club Golf Course. Ocean Club Residences is expected to cater to the highest end of the luxury residential market.
The Company expects to commence pre-sales before the end of the year and, subject to the level of pre-sales, will break ground on this project in 2005. The Company will develop this in partnership with a local developer.
It is anticipated that the investment in The Bahamas through the revised Phase III development projects will exceed the $1.0 billion contemplated in the 2003 Heads of Agreement. Exclusive of the Harborside timeshare projects, the condo hotel, the golf course on Athol Island and Ocean Club Residences, the Company's investment is expected to be approximately $650 million.
Under the Heads of Agreement, the Company has committed to complete substantially the 600-room all-suite hotel by December 2006. The supplement also contemplates the completion of the condo-hotel during 2007.
If the Company does not proceed with the condo hotel and the previously announced golf course on Athol Island, casino tax concessions and the joint marketing contribution from the Government would be reduced beginning in 2009 in accordance with an agreed schedule.
For more information on the Atlantis Paradise Island condo hotel, contact Dean Isenberg toll free 800-819-5466 or on line www.DeanIsenberg.Com Dean@DeanIsenberg.Com
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Posted by South Florida Realtor at 11:41 PM | Comments (0)
May 22, 2006
Trump Hollywood
Trump Hollywood is Hollywood redefined. Trump Hollywood is the newest luxury preconstruction oceanfront condominium in Hollywood, Florida. Trump Hollywood will feature 2 and 3 bedroom units, as well as Sky Residences and Tower Suites, ranging in size from 2,070 square feet to over 3,395 square feet of luxury with expansive terraces. Trump Hollywood will also offer two exclusive Penthouse residences with over 7,000 square feet at the 40th level of the tower. Trump Hollywood is a spectacular preconstruction project that will feature 200 spacious residences on 240 feet of direct ocean on Hollywood's magnificent sandy beaches. Prices at Trump Hollywood will start at $1.5 million. The 40-story contemporary glass tower, which will rise on a 4.9 acre site straddling South Ocean Drive, will have both Atlantic Ocean and Intracoastal frontage. When you enter Trump Hollywood you will see the exquisitely appointed two-story entrance lobby designed by the award winning firm of Yabu Pushelberg. The International design firm of Yabu Pushelberg has been commissioned with the interior design and furnishings of the buildings common areas of Trump Hollywood. The firm is well known for their prestigious clients such as the Ritz Carlton, Tiffany & Co. and the Mandarin Hotel.
Trump Hollywood will also feature a state-of-the-art fitness center, home theater entertainment room, lighted tennis courts, poolside pavillion and wet bar, heated swimming pool and spa, and two levels of beach front private cabanas. Each luxurious residence at Trump Hollywood will have private key operated elevators that open to individual private elevator foyers. Trump Hollywood will equip each luxurious residence with the latest in "Smart Building" technology featuring wireless touch screen control pad linking residents to building ammenities. Trump Hollywood is being developed by Jorge Perez, Chairman and CEO of the Related Group of Florida and Donald Trump, President and CEO of the Trump organization. Trump Hollywood's developers are hoping to break ground in the winter of 2006, with building completion expected in late 2008.
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Posted by BonnieIsenberg at 01:44 PM
May 19, 2006
Housing cool-down is 'orderly,' Fed chief says
WASHINGTON -- May 19, 2006 -- Confirming what home buyers suspected and real estate sales figures have indicated for months, Federal Reserve Chairman Ben S. Bernanke said yesterday that the U.S. housing market was showing clear signs of cooling off.
Bernanke said the slowdown is "moderate" and "orderly" and pointed to the overall strength of the economy.
"We're seeing slowing in sales, slowing in starts. There also seem to be signs that prices are not rising as quickly as they have been for the past few years," Bernanke said in response to questions after a speech in Chicago, Bloomberg News reported.
His comments came as Freddie Mac announced that the average rate on a 30-year, fixed mortgage hit 6.6 percent this week, the highest in almost four years. Rising long-term rates have contributed to the housing industry's slowdown. The Commerce Department this week said construction of new homes fell 7.4 percent in April, to an annualized pace of 1.85 million homes. It was the third straight monthly decline.
Analysts were divided about Bernanke's assessment. Peter Morici, an economist at the University of Maryland's Robert H. Smith School of Business, said Bernanke's comments were "right on."
Morici said he saw the rise in long-term interest rates as healthy, with the economy moving away from its dependence on the housing market and "hyper-consumption" fueled by people taking out loans against their houses. "The housing market is going to come back to earth," he said.
Economist Dean Baker of the Center for Economic Policy and Research expressed concern that rising interest rates were squeezing homeowners who took out interest-only and adjustable-rate mortgages. Even when interest rates were at historically low levels, Baker said, stretched buyers were taking out exotic loans to get into pricey homes.
Baker said a rising inventory of homes in the Washington region could fuel a double-digit price decline if interest rates climb higher. Condo prices could fall by as much as 30 percent, and prices of single-family homes could drop by as much as 15 percent, he said.
Former Fed chairman Alan Greenspan echoed Bernanke's analysis in a speech last night to the Bond Market Association in New York. "The boom is over. We can say that with some confidence," Greenspan said. But, he added, "there is no evidence that prices are going to collapse."
Greenspan predicted that the U.S. market was more likely to follow the path set by housing markets in Australia and Britain, where "prices just flattened out."
The consequences for the broader economy are not yet clear, Greenspan said. But if rising home prices and cheap home equity loans have been fueling consumer spending, as many economists think, "there is going to be some slowing of consumption," he said.
Bernanke did not address whether the Fed would pause in its campaign of raising short-term interest rates. Last week, the central bank raised its benchmark rate for the 16th consecutive time since June 2004 in response to continuing signs of inflationary pressures.
On Wednesday, the Commerce Department reported that April consumer prices rose at the highest rate in three months, leading many analysts to believe that the Fed would continue raising short-term rates. Richmond Fed President Jeffrey M. Lacker said in a speech yesterday in Norfolk that the Fed is less likely to suspend its interest-rate increases in light of higher consumer prices.
The shifting housing market has left sellers and buyers alike uncertain about their next steps.
"On the one hand, you feel like you can sit back and wait. On the other hand, you feel like you don't want to because of the interest rates," said John Booth Babcock, a transportation planner from Arlington who had considered buying but has now decided to wait. "No matter what you think the situation is, there's no comfort level."
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Copyright © 2006 washingtonpost.com, Tomoeh Murakami Tse. Staff writer Brooke A. Masters contributed to this report.
Posted by South Florida Realtor at 02:34 PM
May 16, 2006
Jade Ocean Sunny Isles Beach, Florida (800) 819-5466
Fortune International developers are proud to introduce Jade Ocean ...the ultimate oceanfront condominium located in Sunny Isles Beach.
Spectacularly located in Sunny Isles Beach, Jade Ocean is the perfect location for those who crave a luxurious lifestyle on the ocean. The 51-story Jade Ocean features 248 luxurious residences of up to 6500 square feet. Designed by a collaboration of the celebrated architect and designer Carlos A Ott, this tower is a landmark concept long overdue in Sunny Isles Beach. Jade Ocean Sunny Isles is going to be a 51 story oceanfront work of art. From the six story cascading waterfall to the infinity-edge pool, Jade Ocean is luxury. Each elevator in Jade Ocean Sunny Isles Beach comes equipped with personal identity fingerprint access. New technology integrated system providing an "intelligent home" environment. Jade Ocean will be located just south of Jade Beach in the heart of Sunny Isles.
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Posted by BonnieIsenberg at 03:12 PM
Solis Resort and Spa Residences Sunny Isles Beach, Florida PreConstruction (800) 819-5466
Solis Resort and Spa Residences in Sunny Isles, Florida is the latest addition to the spectacular beaches of Sunny Isles. The project is being developed by the Forkosh Development Group and it will be a step up into the highest elevations of what luxury condominium living can be. A bold new lifestyle for Sunny Isles Beach, Solis Resort and Spa Residences creates a new standard for embracing life in this exhilarating area. The bar has been set, and nowhere else matches the possibilities Solís Preconstruction Condos brings to life.
Solís Resort and Spa Residences will rise 53 stories high and will house 140 hotel units as well as 130 condominium units. Solis Resort and Spa Residences will sit on over 150 feet of spectacular beaches overlooking the magnificent Atlantic Ocean to the east and the breathtaking Intracoastal waterways to the west. The infinity edge pool and private cabanas of Solis Resort and Spa Residences will overlook the ocean and will be lushly landscaped with. Solis Resort and Spa Residences will have a signature restaurant also overlooking the Atlanic Ocean. Solis Resort Spa and Residences in Sunny Isles will will contain a two-story fitness center and spa, state of the art business complex and spacious conference rooms.
Each luxurious residence at Solis Resort and Spa will come with imported cabinetry and granite countertops, Deluxe stainless-steel European designed appliances and a full size washer and dryer.
For more information regarding the above web blog, please call Dean or Bonnie Isenberg at 305-936-2489 / 800-819-5466 or visit us on-line at A-Realtor.Com
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Posted by BonnieIsenberg at 01:42 PM
May 15, 2006
Turnberry Beach House Surfside, Florida (800) 819-5466
Turnberry Beach House will be an all glass sturture that will stand 12 stories high and contains only 101 unique residences, each designed to feel like a penthouse. Turnberry Beach House will have 1,2, 3 and 4 bedroom configurations. In additionn, Turnberry Beach House is an oceanfront property that boasts an unparalleled 200 plus linear feet of beach front, with unobstructed, sweeping views of the ocean and of a private landscaped beach garden of lush palm groves and tropical plants.
Turnberry Beach House will be constructed of glass and will contain 101 residences with 1, 2, 3 and 4 bedroom configurations with smart home technology including wireless access and an integrated control system for home appliances and electronics.
Each residence at Turnberry Beach House is designed to feel like a penthouse with floor to ceiling custom glass windows and generous terraces offering panoramic views. A full array of luxury amenities will be offered at Turnberry Beach House, including two pools, (an Ocean Pool and a rooftop Sky Pool), a private Beach Club with cabanas and lounging areas, a state-of-the-art Health Club, a Wine and Cigar Lounge, and a Spa with sauna, steam and treatment rooms.
For more information regarding the above web blog, please call Dean or Bonnie Isenberg at 305-936-2489 / 800-819-5466 or visit us on-line at A-Realtor.Com
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Posted by BonnieIsenberg at 05:55 PM
BellaMare Condo Aventura Florida 800-819-5466
JUST COMPLETED! BellaMare Condo On Williams Island. Only the fully furnished model remains for sale as residents move into this 30-story luxury condo tower with abundant waterviews. Boaters have access to the private Williams Island marina with 99 slips. A full array of amenities include a resort-style pool with trellised-deck and promenade area, tennis courts, a children's wading pool and a fitness center.
BellaMaré. A collection of 210 luxury tower residences so spacious, so exquisitely detailed, so astonishing in their views and so pampering in their state-of-the-art amenities and services, they can only be called Sky Homes. The final tower to be constructed on Williams Island, BellaMaré is a convenient stroll away from The Island Club where you can go for a morning swim or indulge in a high energy workout class for your body and receive a new age treatment for your soul at The Spa.
For socializing, gathering with friends and enjoying a light lunch at the fine restaurant in a tropical setting, overlooking the Tennis Club. Cast off from a deep-water marina or simply celebrate the sunset from your expansive terrace, surrounded by ocean and Intracoastal vistas. BellaMarés' final residences are now available on Williams Island with the most expansive 01 and 08 floor plans still available.
Located in the ultra-exclusive community of Williams Island, a longtime haven for celebrities seeking tranquility and desiring spectacular residences, views and amenities, BellaMaré is the ultimate in waterfront luxury towers in South Florida. The WCI Tower will crown Florida's Riviera with impeccable Sky Homes offering astonishing views of the Intracoastal Waterway, the Atlantic and the shining lights of Aventura.
Complete with a concierge program and Williams Island's spectacular amenities including state-of-the-art spa, deep-water marina, tennis and fitness. BellaMaré presents "Bella" living.
For more information regarding the above web blog, please call Dean or Bonnie Isenberg at 305-936-2489 / 800-819-5466 or visit us on-line at A-Realtor.Com
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Posted by BonnieIsenberg at 01:20 PM
May 11, 2006
3030 Aventura Lofts & Condos 800-819-5466 New Construction Aventura
A boutique, Mediterranean style condominium, 3030 Aventura has the look and feel of a charming yet statuesque single family estate, which houses 45 generously
sized residences, all of which have water views. The project will be located directly on the water on newly renovated 188th street, in the heart of downtown
Aventura, where homeowners can literally walk to everything. The city s first charter elementary school and new state-of the-art community/recreation center, a
short walk to the Aventura Mall, the soon-to-be developed Town Center and Loehman s Plaza and just minutes from South Florida s major airports.
Residence Features: Large living rooms with private terraces. Ten foot ceilings. Spectacular water views. Oversized walk-in closets. Floor-to-ceiling windows and
sliding glass. Full-size washer and dryer in each unit. Energy efficient A/C/Heating system. State-of-the-art fire alarm system. Pre wired for security system.
State-of-the-art touch screen service pad/direct intercom.
Only forty-five exclusive residences are available for discerning homeowners. All feature ten foot ceilings, flor-to-ceiling windows, designer kitchens, and lavish
baths. 3030 Aventura also features a sun deck with a pool overlooking the bay, a spa, spectacular covered vista terraces, a club house and lounge, a state-of-the art
fitness center, 24-hour security and valet services.
Located waterside in the desirable city of Aventura, 3030 is immediate to a new City Recreation Center and Charter School, as well as just steps from the
Loehman's Plaza Town Center, Founders Park and Aventura Mall.
For more information regarding the above web blog, please call Dean or Bonnie Isenberg at 305-936-2489 / 800-819-5466 or visit us on-line at A-Realtor.Com
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Posted by South Florida Realtor at 12:57 PM
May 03, 2006
Apogee South Beach New Construction 800-819-5466
Apogee South Beach will be located on the last
great waterfront site at the southern tip of South
Beach, Apogee will be the very pinnacle of
modern luxury living.. It is more than you need and
all that you desire.. Residences from 3,000 to
6,000 square feet with prices ranging from $4 to
$7 million. Apogee will be designed by Sieger
Suarez Architectural Partnership. Maintenance
cost will be approximately $0.85 per square foot
and taxes will be approximately 2% of purchase
price. As you can imagine this will be the most
luxurious project to ever come to South Beach.
Only a select few will have the rare opportunity to
obtain a unit at this fabulous location.
With only 68 total residences, (4 residence per
floor, 17 total floors) Apogee will be the crowing
jewel of South Beach. The Apogee
Preconstruction Condo is the brain child of Jorge
Perez and the Related Group of Florida who have
build such projects as, Icon South Beach,
Portofino Tower, Murano Grande, Ocean I, II and
III, Trump Towers I,II and III and many more.
But a few of Apogee's unique and special features:
Buyers will be able to have units built to their
specifications, subject to certain limitations.
Window glass is of the highest grade with
unsurpased clarity available anywhere.
Double-slabs are built between floors to ensure no
noise transmission.
11-foot deep balconies.
Balcones will be built with outdoor gas cooking.
Gas appliances in the Kitchens.
Kitchens will be built with multiple ovens,
multiple dishwashers, 100-bottle wine coolers.
+State of the art spa and fitness rooms
+Infinity edge pool in garden setting
+Lobby and common areas by world famous Yabu
Pushelberg
+Gas fireplace in masterbedroom or livingroom
+Party pavillion
+Lutton wireless system with custom lighting schemes.
+And much more.
For more information regarding the above web blog, please call Dean or Bonnie Isenberg at 305-936-2489 / 800-819-5466 or visit us on-line at A-Realtor.Com
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Posted by Marla Swaye at 06:13 PM
May 02, 2006
Trump Las Olas PreConstruction 800-819-5466
The Trump Las Olas Beach Resort will be a five-star condo hotel located in the heart of Fort Lauderdale Beach. It will be a 12-story, 95-unit boutique property, much smaller than its 300-unit condo hotel namesake, the Trump International Hotel & Tower, just up the beach, which is sold out except a few units.
Turnberry Realty has the inside scoop on a new Trump Condo Hotel coming to Fort Lauderdale. Trump Las Olas will be a five-star boutique hotel. It will be much smaller than the Trump Fort Lauderdale at 300 units just up the beach.
The new Trump property will be located just south of Las Olas Boulevard, along the Ft. Lauderdale Strip. Las Olas Blvd. is a stretch of about one mile of over 100 unique specialty shops, galleries, entertainment and the best in fine dining.
Amenities will include everything you'd expect in a five-star quality property:
Health spa
Fitness facility
Pool/deck
Gourmet restaurant
24-hour room service
Concierge
Valet
Security
For more information regarding the above web blog, please call Dean or Bonnie Isenberg at 305-936-2489 / 800-819-5466 or visit us on-line at A-Realtor.Com
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Posted by Marla Swaye at 07:41 PM