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.
Project Description
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.
Scope of Work
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.
Project Resolution
The Receiver was successfully discharged.
Project Name
Ventana
Client
Circuit Court for Hillsborough County, Florida
Location
Tampa, FL
