North Lauderdale townhome project in final phase

Miami /
Mar.March 26, 2016 11:15 AM

Construction has begun on the last 14 townhomes at a North Lauderdale development called Mediterania, which will have 58 townhomes when the final phase is done.

Prices for the two- and three-bedroom units range from $229,900 to $239,900, well below prices for most new homes and condominium units in South Florida. Amenities inside and outside the townhomes are limited.

“If someone is priced out of the single-family home market and they still want to buy something new, they’re going to have to start to look at townhomes,” Adam Canter, managing member of Capstone, told the Sun-Sentinel. “This is a good deal.”

Capstone bought the one-acre Mediterania site for $280,000 last year. The property’s North Lauderdale location is south of McNab Road on Southwest 17 Court.

With offices in North Miami and Margate, Capstone has a similar townhome development under way in Delray Beach, called Emerald Place. Capstone expects to start marketing 31 townhomes in summer at prices in the low $300,000s. [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Lennar Executive Chairman Stuart Miller (iStock)
“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
Rent-to-own startup Divvy Homes expands to South Florida
Rent-to-own startup Divvy Homes expands to South Florida
Rent-to-own startup Divvy Homes expands to South Florida
Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)
Knock expands home lending program into South Florida 
Knock expands home lending program into South Florida 
Rendering of Belmont Village Coral Gables and Baptist Health South Florida CEO Brian L. Keeley
Baptist, Belmont gain approval for luxury senior living in Coral Gables
Baptist, Belmont gain approval for luxury senior living in Coral Gables
9885 Palomino Drive (Credit: Google Maps)
Resort Lifestyle Communities scores $36M construction loan for Lake Worth senior housing project
Resort Lifestyle Communities scores $36M construction loan for Lake Worth senior housing project
5010 Nob Hill Road (Credit: Google Maps)
Sunrise affordable senior housing facility sells for $30M
Sunrise affordable senior housing facility sells for $30M
Mark Zilbert
Let’s make a deal? Some resi sellers in Miami-Dade slash asking prices
Let’s make a deal? Some resi sellers in Miami-Dade slash asking prices
arrow_forward_ios

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

Loading...