BH Group has efficiently acquired a premier oceanfront growth website in Palm Coast. The 6.8-acre parcel, situated straight on the Atlantic Ocean, is a part of the Hammock Dunes Grasp Plan and represents the final massive parcel obtainable throughout the plan.
Hammock Dunes Membership, an unique oceanfront golf course group, boasts two Audubon-certified golf programs and affords breathtaking ocean and intercoastal views. This prestigious website is absolutely accepted for the development of 128 luxurious condominiums, that includes a 12-story constructing with 64 models and a 7-story constructing with 64 models.
The acquisition from WCI Communities was finalized on Might 30, 2024. This transaction marks a major milestone in Florida’s booming growth market. BH Group plans to disclose undertaking specifics within the coming months.
This acquisition is a part of BH Group’s latest collection of high-profile growth land purchases. Just lately, BH Group, in partnership with the Kolter Group, secured a major beachfront website on Miracle Mile in Naples for condominium growth, with the transaction amounting to $102.6 million. Moreover, BH Group, in collaboration with the Associated Group and Teddy Sagi, secured the ultimate parcel on prestigious Fisher Island for $122.6 million.
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