The developer, American Safety Insurance Group of Hamilton,Bermuda is closing on $100 million of pre-sold units in the first294-unit phase which includes 248 mid-rise condo units and 46courtyard homes.

The sales include an undisclosed number of boat slips. Thecondos are selling for an average $300,000 per unit.

The developer received a Volusia County certificate of occupancythis week for the first building, a four-story, 32-unit structurewhich is sold out. Presales on the second, 376-unit phase are underway. The project is expected to be completed in three to fiveyears.

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