The Real Deal Miami

Stalled Lauderhill development relauches

This time, the owners are targeting the middle of the market
October 03, 2014 04:30PM

Camilo Lopez, president and managing director of the Solution Group (credit: Melanie Bell)

Camilo Lopez, president and managing director of the Solution Group (credit: Melanie Bell)

A once-stalled development is seeing new life in Lauderhill.

Originally the development, dubbed Georgetown, was intended to be a luxurious lakefront subdivision with high-end condos Lauderhill’s Central Broward Regional Park & Stadium.

But things have changed, according to the Daily Business Review.

“Today we’re talking a completely different ballgame,” said Camilo Lopez, president of the Solution Group, which bought into the project in a joint venture with Paragon Group of South Florida.

They recruited award-winning architect Carlos Ponce de Leon and spent 15 months building Cassa at Georgetown, a gated townhouse community located at 3593 Northwest 13th Street, where preconstruction home prices started at $185,000. The sellout value is set to be around $30 million.

Before, prices at Georgetown were roughly $100,000 higher – in the $350,000-$400,000 range – for similar units. [Daily Business Review] – Christopher Cameron