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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.