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LANTANA, FL-South Miami-based Lehman Development Group Inc. expects to begin work in early 2007 on the 15-unit St. John’s Villas project at 106 Northlake Dr. The project has an estimated sell-out of $25 million, Lehman partner Steven Scheinberg tells GlobeSt.com.

Located on the Intracoastal Waterway facing the Ritz Carlton Beach Resort, the project will feature a four-story building with four units on the first three floors, two penthouse units and a courthouse unit. The units will range in size from 2,736 sf to 3,912 sf. The two penthouse units will include a boat slip. The project will also include 150 ft. of private beach, a 140-ft. dock with slips that can accommodate boats up to 35 ft., swimming pool and spa. The project is expected to be completed in first quarter 2008, Scheinberg says.

Architects on the project are Siskind, Carlson & Partners P.A. Preconstruction prices for the units range from $1.4 million to $2.5 million. Scheinberg says sales efforts began recently and one unit has been sold.

Among attributes of the project is its location, which is in close proximity to Worth Avenue, the Ritz Carlton Beach Resort, CityPlace, Clematis Street and the Kravis Center. It is also less than 30 minutes away from Palm Beach International Airport. Another attribute is the views. “By virtue of the way our property sits, it’s angled to give a wide perspective,” Scheinberg says. “Our residents will be able to look out over the waters of the Intracoastal.”

The project will include a back-up generator system to power lights, air conditioning and kitchen appliances in the event of a power outage, he says.

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