Lauderhill townhomes sell out second phase

Miami /
Jul.July 01, 2015 02:30 PM

A revived townhome project in Lauderhill, dubbed Cassa at Georgetown, has sold off the last of its 118 units.

Most of the townhomes sold to foreign investors, who are renting the units to the local workforce, a spokesperson told The Real Deal. Rates range from $1,500 for a two-bedroom, two-bathroom home to $1,600 for a three-bedroom, two-bathroom.

Georgetown was developed by a joint venture between The Solutions Group and Paragon Group, both South Florida-based real estate firms.

The development was once intended to be a condo subdivision developed by Centerline Homes, but Compass Bank bought out the development site in 2010 for $7.4 million. TSG Paragon, as the venture is named, later bought the project and began building Cassa at Georgetown.

Now, the gated community at 3593 Northwest 13th Street has sold out all of its units. Preconstruction prices started at $185,000, and the sellout is valued at $30 million. — Sean Stewart-Muniz


Related Articles

arrow_forward_ios
4402-4678 North University Drive, Todd Nepola
Miami Beach parking lot mogul sells retail center in Lauderhill for $13M
Miami Beach parking lot mogul sells retail center in Lauderhill for $13M
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail
Altman scores $55M construction loan for Ludlam Trail project
Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 
Related switches gears on Terminal Island project, now plans low-rise offices
Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Tal Frydman with Hamlet Plantation and The Continental Apartments (Credit: Hamlet via Jenco Properties)
Prism Multifamily Group buys apartments in Tamarac, Plantation for $54M
Prism Multifamily Group buys apartments in Tamarac, Plantation for $54M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...