Everglades on the Bay – The Wait is Over

January 6, 2011

Like many, I’ve been waiting for the dust to settle at Everglades on the Bay (now known as Vizcayne North and Vizcayne South)  Rockwood Capital, as you may already know, acquired the development in a $141M cash transaction this past November.  Since that time, I’ve eagerly anticipated the relaunch of sales and, of course, to get my hands on pricing.  The wait is over!  The development will be sold in phases with 60 very well priced units to be released in the initial phase.  The objective is to get sales off to good start.  Over the next couple of months, Rockwood will also be focused on performing capital improvements and improving building operations.  I’ve been asked not to publicly discuss pricing at this time but I will say that I haven’t seen pricing this good since the developer blow-out sales at Marina Blue and 1060 Brickell in 2009.  I anticipate these initial 60 units to be sold within the first 3 weeks.  Contact us if you have an interest in purchasing a condo at Everglades on the Bay or to learn more about the 849-unit mixed-use development.