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
