The Village at Victoria Park, located near downtown Fort Lauderdale, Florida, in the highly desirable Victoria Park neighborhood, will be built on a 2.3 acre parcel previously a part of the original BankAtlantic headquarters site. The community will consist of 30 highly amenitized two story cluster homes with private courtyards. Both Santa Barbara and Bermuda architectural styles will be offered. Homes will have 3-4 bedrooms, as well as two car garages, ten foot ceilings, impact glass, gourmet island kitchens, and open floor plans. Optional features will include plunge pools and summer kitchens. The Village at Victoria Park, a gated community, is close to shopping, restaurants, the beach, Las Olas and downtown Fort Lauderdale.
"We are pleased to partner with New Urban Communities on a one of a kind project in east Fort Lauderdale," commented Mr. Seth M. Wise, the President of BBX Capital Real Estate, a division of BBX Capital.
The project is a 50%-50% joint venture, with New Urban Communities, BBX Capital's joint venture partner, serving as the developer and manager. BBX Capital sold the land to the joint venture for $3.6 million in cash. Development and Construction financing is being provided by Seacoast National Bank.
The Village of Victoria Park is currently scheduled to commence construction and sales in the second quarter of 2014. Closings are anticipated to begin by the third quarter of 2015. For further information or to join the waiting list, please call New Urban Communities at 954-524-8001.
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