Thursday, January 23, 2014

Homebuilding: Antique Row townhomes opening - Sun Sentinel

Success seems automatic once you get north of the C-51 canal. Notice that all the "for sale" storefronts are sold and look at the prices they are getting for townhouses fronting on, and with no setback from, Dixie Hwy. Explain that. I guess Lake Worth can be considered one of the "rough patches" along U.S. 1. Click title for link to article.
"I saw the potential for a great mixed-use site with townhomes and retail that would complement and enhance Antique Row," Posin [Homebuilder Harry Posin] said Tuesday.
Posin's Fort Lauderdale-based firm, Label & Co. Developments Inc., bought the land from a Palm Beach Gardens real estate company last year for $3.6 million and will formally launch Villas on Antique Row this weekend.
The project, at 3608 S. Dixie Highway, has 46 townhomes priced from the low $300,000s to the low $500,000s. There also are 11 for-sale storefronts, all of which have been sold.