Singer Island condo developers prep for key winter sales season

VistaBlue is under construction, while 5000 North Ocean has not yet broken ground

TRD MIAMI /
Nov.November 26, 2016 03:00 PM
VistaBlue rendering and RandallTull

VistaBlue renderings and Randall Tuller

The developers of VistaBlue Singer Island and 5000 North Ocean, two boutique condos on Singer Island in Riviera Beach, are preparing for an important season of sales during the winter months. Kolter Group has reserved five of the 48 units planned for the 19-story 5000 North Ocean development, and when the reservation total rises to the range of 12 to 15, the two-year construction phase will begin, Bob Vail of Kolter Urban told the Palm Beach Post. Prices start just below $2 million.

VistaBlue will be the first condominium built on Singer Island since the housing market crash in the late 2000s. Construction crews broke ground for a year ago on VistaBlue. Unit prices start at $2 million; penthouses are priced at almost $8 million. Randall Tuller, executive manager of Dallas-based Third Palm Capital, the developer of VistaBlue, told the Palm Beach Post the 19-story, 58-unit condo is scheduled for completion in January 2018.  So far, few of the units are reserved, but Tuller said he expects a sales uptick during winter because Third Palm Capital recently got permission to sell units in New York. [Palm Beach Post] Mike Seemuth


Related Articles

arrow_forward_ios
Charles Githler and 7721 North Military Trail at Woodbine Commons (Credit: Linkedin, Google Maps)

Sarasota developer buys Riviera Beach office complex

Rendering of Singer Island Gateway

Palm Beach dentist sells Singer Island condo dev site for $13M

Arbor Parc rendering and 13th Floor CEO Arnaud Karsenti (Credit:: Zillow)

BTI Partners sells remaining single-family lots in Arbor Parc to 13th Floor

3101 Broadway Boulevard, Riviera Beach

Doublewide: Bedrock acquires two mobile home parks in Riviera Beach

Arbor Parc and BTI Partners CEO Noah Breakstone

Lennar buys 309 townhome sites in Palm Beach County

Trio of industrial buildings in Riviera Beach Opportunity Zone sell for $11.7M

Millennia buys affordable housing complex in Riviera Beach

Sam Zell’s Equity LifeStyle pays $49M for mobile home park near Riviera Beach

arrow_forward_ios