(To read more on the multifamily market, click here.)

LAUDERHILL, FL-Coral Springs-based Centerline Homes has unveiled plans for Georgetown, a townhouse development on 32 acres located on the east side of US 441 on State Road Seven. The site is about a half-mile north of Sunrise Boulevard in this Fort Lauderdale suburb. The complex will encompass 43 buildings containing an aggregate of 320 one- and two-story residential units.

The former MCI telecommunications building on the land has been demolished, Marc Friedman, Centerline's VP of sales, tells GlobeSt.com, and groundbreaking for the first units will begin within three months. "We expect to deliver the first homes in November 2006," he says, "and complete the entire community in March or April of 2008."

Friedman declined to disclose the estimated construction cost or the highest sales pricing of units, saying, "we're still working on pricing." Sales will begin in February and the starting price is in the $200,000s.

There are two layouts, each including 180 sf of outdoor space and a one-car attached garage. The two-story "Antigua" units have 1,118 sf under air, and the three-story "Bermuda" floor plan has 1,776 sf under air. The architect is Fort Lauderdale-based Dorsky Hodgson & Partners.

Within the past 12 years Centerline has completed more than 30 residential communities throughout Florida and is currently planning another 20 complexes aggregating 4,000 units. Among those now under way are the 230-unit Briella complex in Boynton Beach and the Condominiums at Baldwin Park outside Orlando.

NOT FOR REPRINT

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