A mid-rise residential and commercial condominium project consisting of 84 newly constructed residential units and six commercial units located in the Channelside District of Tampa, Florida. The development consists of two 7 story mid-rise towers on top of three levels of parking deck. The amenities include a luxurious pool area with a heated pool and jacuzzi, a fully equipped fitness center with free weights and cardio equipment and a sophisticated clubroom equipped with a large flat-screen television, wet bar and plenty of comfortable seating.
Douglas Wilson Companies (DWC), agent for Receiver, was charged with securing the property, maintaining the Homeowners’ Association (HOA) and the marketing and sale of the remaining condominiums.
DWC performed an indepth market study and created a full marketing plan to re-launch the property into the market. The plan included new signage, an extensive internet campaign and an adjustment of unit pricing. DWC engaged in the negotiation of the sales contracts and administration of the closings. DWC also stabilized the HOA, ensuring the proper funding of the operation and reserve accounts. DWC met continuously with the homeowners, discovering and addressing any outstanding issues with the project.
The Receiver was successfully discharged.
Circuit Court for Hillsborough County, Florida
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.
1620 Fifth Avenue
San Diego, California 92101