(To read more on the multifamily market, click here.)
HUTCHISON ISLAND, FL-In its first Treasure Coast venture,affiliates of Boca Raton-based Empire Land and Development plan tobreak ground by spring on Diamond Dunes, a 23-unit townhomecommunity facing the Atlantic. The homes in this affluentresidential enclave, four miles south of Downtown Fort Pierce, willbe priced from $985,000 to $2.5 million.
A representative of the developer tells GlobeSt.com theanticipated sellout value of the homes is $40 million or an average$1.74 million per residence. The homes are priced from $985,000 to$2.5 million. Four pre-construction sales to date total $7.1million or an average $1.78 million per home. Diamond Dunes isexpected to be ready for occupancy by summer 2007.
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