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A Pine Lakes apartment complex (in Flagler County) has been purchased by a national apartment management company. The property, which consists of 11 two-story buildings and dates back to 2005, sits on 40 acres in the west-central part of town.

On the agenda of the new owners? Upgrades. Wood vinyl flooding will be added to first-floor units, and plumbing fixtures will be stripped and updated across the board. Exterior painting and landscaping will also see improvements. Currently, Pine Lakes is 96% occupied. Unlike homes, apartments have retained value throughout the economy failure, as more people saw renting as a realistic and viable living option. The West Palm movers will keep you in tune of developments happening at the apartment complex in the coming months.


As we previously shared, the Palm Beach Mall was purchased and its fate determined: to be torn down to make way for an outlet mall. 1.2 million square feet of traditional mall will be demolished, and 1.1 million square feet of outdoor shopping plaza will be built. The property was purchased in October for $35.5 million.

The master plans were submitted on Wednesday of last week. The potential start date to being demolition is looking like April. The $150 million project is speculated to bring extensive economy boosting to the area, including in the area of job availability. The West Palm movers are interested to see what new tenants will be moving in, as none have been identified as of yet.


Lumber company Lainhart and Potter has a long history in West Palm Beach. In fact, the lumber house supplied the materials to build properties of Henry Flagler, the Royal Poinciana hotel, and the Breakers. In August of last year, the company filed for reorganization under the circumstances of Chapter 11 bankruptcy.

Following the housing bust and the general slowing of new construction, Lainhart & Potter has certainly suffered. The company is trying to maintain operations by viewing their space in a new way–including potentially leasing out commercial space to continue business.

The founders were original pioneers of South Florida. The West Palm movers are saddened by such a relevant piece of Palm Beach history heading to foreclosure.

 


The Palm Beach Mall, which was purchased by a developer in 2011, has met its fate: the mall is to be demolished this year to make way for a luxury retail outlet destination. The state of the current mall is less than optimal, with many of the existing stores boarded up as many patrons head to the newer mall in the area, The Gardens Mall.

The proposed Palm Beach Fashion Outlets are poised to open by 2013. The cost? Well over $100 million with all things considered. While the West Palm Beach movers hate to see structures go in to foreclosure and subsequently get demolished, there is certainly potential for a luxury outlet to do well in the Palm Beach area. We’ll keep you posted with the updates!


Boca Raton has something uniquely different from the other cities in Palm Beach and Broward County–there’s currently no waterfront dining! In fact, the last time Boca Raton had a waterfront restaurant was in 2005. Currently, patrons looking to dine on the water near Boca are sent to nearby Delray Beach.

But all that is set to change, if a certain Boca Raton developer has their way. Gene Folden has recently convinced the Boca City Council to approve the addition of a Intracoastal-front restaurant. A restaurant is an ideal way to lure patrons, both old & new, to the area to spend more time and therefore generate more for the local economy.

The details haven’t really been determined yet, however, the Boca Raton movers will be sure to keep you up-to-date!

 


200 East has had quite the boom in terms of West Boca residents looking to live in a more central and also luxurious location. This is great news for the 200 East developers, who say the building is easily on its way to full occupancy.

The appeal of a place like 200 East is that it offers the luxury of an upscale Boca residence, but without the golf course maintenance, the drive to downtown, and other fees or expenses that Palm Beach County residents are privy to paying. Here at the Boca Raton movers, we think the property is a great addition to the Boca area, and it’s injected new life and a new demographic in to Boca.

The buyer-only complex still has a few units left–if interested, check out the inventory at http://www.200eastbocaraton.com.

 


Lynn University is undergoing a facelift in preparation for the national exposure it will receive in October, when the final presidential debate takes place for the 2012 US Presidential campaign.

The main entrance will get renovation work, and the road will be widened in expectancy of increased traffic flow. A second entrance will receive work, and the nature preserve will be relocated to the west end of campus.

Funding for the upgrades comes from fast-food & fuel company Sheetz Corp.’s owner Robert Sheetz, who is a retired Boca Raton local. The Boca Raton movers will be keeping you informed with any updates or additional upgrades that Lynn stands to undergo.


It’s no secret that the real estate market has had a tough time in recent years. For Palm Beach County, the demand is there and the supply is not–a clear sign that the real estate market is on the road to recovery. This is fabulous news for your Boca Raton movers here–we want to see the economy pick itself back up here in Boca and beyond. Low supply equals tighter prices, so the local housing market shouldn’t drop in coming months.

While there is no guarantee, your professional movers are hopeful that 2012 is the beginning of the end of the tunnel for real estate troubles. Keep your fingers crossed.

Wishing you and yours a fabulous New Year!


In Palm Beach County, Delray Beach and West Palm Beach both of popular nightlife areas (Atlantic Ave. and Clematis St., respectively), and now it seems Boca Raton might be getting a nightlife boost as well.

A development company has purchased 5.8 acres with intentions of building a mixed use project–residential, commercial, and everything in between. Specifically, the structure will have nine story residential towers with 15,000 square feet on the ground floor devoted to retail space, offices, and dining dubbed the Palmetto Promenade.

The Boca Raton movers are excited to see a jolt of life hit the downtown Boca area. Having something local rather than heading to Delray and beyond will be nice and convenient.


The Heritage Luxury Apartments located on Palmetto Park Road in Boca Raton have been purchased by means of an all-cash purchase ringing in at just under $68 million. That breaks down to about $274,000 per apartment.

The complex has a prime location–one mile from the Atlantic Ocean and close in proximity to Mizner Park and Town Center Mall. At the time of sale, the complex was at 92% occupancy.

Here at the Boca Raton movers, we feel the Heritage is a beautiful complex for young professionals, families, and baby boomers alike.