COCONUT CREEK, FL - Alliance Residential Company is pleased to announce the purchase of a 24-acre multifamily development site in the City of Coconut Creek, with plans to build a 396-unit, NAHB Green-certified luxury apartment community. Construction began in April, with the clubhouse and first units expected to be delivered in the first quarter of 2013. Completion is slated for April 2014.
Broadstone Cypress Hammocks will be located at 5201 W. Hillsboro Blvd., in the northern section of Broward County, which is centrally located within the South Florida MSA and is home to approximately 5.5MM residents, with the highest concentration of employment and commerce in the southeastern United States. The property offers convenient access to area employers, major highway arterials and a variety of retailers and restaurants, including Super Wal-Mart, Home Depot, Kohl’s, Bru’s Room & Sports Bar, Duffy’s Sports Grill, Starbucks, Super Target and two Publix-anchored shopping centers. Offering 396 units averaging 965 square feet, Broadstone Cypress Hammocks will reflect an “Old Florida” architectural style with metal roof accents and stacked stone exterior building detail, blending artfully into the mature wooded preserve conservation areas surrounding the property. With the creation of two large on-site lake features, nearly every apartment home in the community will enjoy views of a lake or the wooded preserve.
“Extensive efforts were made to design a site plan that allowed for the preservation of 35 mature oak trees and an on-site cypress hammock area containing 90 indigenous old-growth cypress trees,” says Michael Ging, Alliance’s Managing Director of Development for Florida. “In fact, that is what provided inspiration for the architectural style of the project.”
Luxurious one-, two- and three-bedroom apartment homes will feature nine-foot ceilings, hurricane impact-resistant windows, granite kitchen countertops, stainless-steel appliances, upgraded kitchen cabinets and plumbing fixtures and stand-up showers. As part of the community’s pursuit of green certification, homes will incorporate a variety of green features, including Energy Star appliances, programmable thermostats, tinted windows, and energy-efficient air conditioning systems and lighting fixtures. The community will also offer 72 attached and 56 detached garages, as well as additional storage opportunities.
The highly amenitized, two-story clubhouse/leasing center spans 9,500 square feet, featuring a great room with cyber café and fireplace; fully-equipped fitness center with the latest cardio and weight-training equipment, and a group fitness studio; spa treatment room; and multi-purpose entertainment room with billiards, shufflepuck, assorted gaming tables, video game room, demonstration kitchen and movie theater. Other community amenity features include a luxurious, resort-style pool offering cabanas and a pool pavilion with bar, fireplace and pool table, as well as a playground for children, a dog park and two victory gardens.
“We are very excited to begin construction on this new community,” Ging adds. “The property is located within an established upper-end submarket where no new rental communities have been built in more than 10 years. The features and finishes provided in each apartment home, combined with the extensive community amenity package, are unparalleled within this submarket area.”
Company Information
Alliance Residential is a fully-integrated multifamily real estate operating company focused on the development, acquisition, construction and management of residential and mixed-use communities in the United States. Headquartered in Phoenix, Alliance has 17 regional offices divided among six regions throughout the U.S. Over the past 12 years, Alliance has become one of the largest private apartment owners and the 15th largest management company in the nation, boasting a $7.0+ billion portfolio and 54,000 units in 24 metropolitan markets. Alliance has a presence in 15 states (including Arizona, California, Colorado, District of Columbia, Florida, Georgia, Maryland, Nevada, New Mexico, New York, Oregon, Texas, Utah, Virginia and Washington) and is actively seeking management, development and acquisitions opportunities across the markets it serves. For more information, visit www.allresco.com.