A 522 unit condominium conversion project with three clubhouses, fitness center, three swimming pools, five spas, three tennis courts, “tot lot” and a putting green, situated on 35 acres in Boca Raton, Florida.

Project Description

Douglas Wilson Companies (DWC), agent for Receiver, was tasked with sales and marketing, construction management, accounting services, as well as consulting with the Homeowners’ Association (HOA) for the condominium conversion project.

Scope of Work

DWC engaged a third party sales and management team and worked closely with the third party team to boost marketing efforts and re-launch the development. DWC also hired an experienced advertising agency to handle the rebranding of the development to boost project interest. DWC conducted financial projections for the property and its holdings, consulted with the HOA, recommended several capital improvements to the property and obtained estimates from contractors to execute the improvements.

Project Resolution

The lender procured a deed in lieu and DWC was discharged as Receiver.

Project Name

Belaire at Boca

Client

Circuit Court of the Ninth Judicial Circuit. Florida

Location

Boca Raton, Florida

Service Provided

    Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com