DiMucci Companies Completes Three Luxury Condominiums for lease at Bouchelle Island

NEW SMYRNA BEACH, Fla. – Bouchelle Island in New Smyrna Beach, has opened three new luxury condominiums that are now available for long term lease. Anthony DiMucci, president of the DiMucci Companies, which is developing Bouchelle Island, said the two and three-bedroom luxury condominiums range in size from 1,100 square feet of living space to 1,500 square feet. Rents for the units, which are served by elevators, start at $1,100 per month.

UCF Business Incubation Program Names Juana Brand Program Assistant at Winter Springs Incubator

APOPKA, Fla., --- The University of Central Florida Business Incubation Program hired Juana Brand as Program Assistant at its Winter Springs incubator. Esther Vargas-Davis, site manager in Winter Springs, said Brand graduated from Florida International University in Miami with a Bachelor’s Degree in Business Administration with a minor in International Business and has 14 years of administrative experience. Brand formerly held administrative positions at the Orlando area offices of CNA Commercial Insurance and Zurich North America.

Cuhaci & Peterson Architects Earn First Place Award for use of REVIT (BIM) Software in Construction Documentation

BALDWIN PARK, Fla. --- Cuhaci & Peterson Architects Engineers Planners, based in Orlando’s Baldwin Park, recently earned a First Place award in an international competition sponsored by the producers of REVIT (BIM) software. Cuhaci & Peterson Project Manager Steve Blevins led a team of designers who showed off their skills using the software to record construction documentation. The international users conference sponsored by REVIT (BIM) was held in Atlanta. Blevin’s team used REVIT (BIM) software to depict the transformation of a Winn Dixie store that’s being remodeled.

Tolaris Homes to Start Construction of New 7,000 Square Foot Home at Cedar Cove in Longwood

LAKE FORSEST, Fla. --- Tolaris Homes will start construction of a new 7,000 square foot single-family luxury home at Cedar Cove, a luxury neighborhood located off Markham Woods Road in Longwood. Rick Bavec, president of Tolaris Homes, said the two-story home will offer five bedrooms and five-and-a-half baths with a three-car garage. Bavec said the luxury home will start construction before Jan. 1 and Bavec plans to have the home ready for its new owners in the summer.

Lennar Homes in Southwest Florida Unveiling New Model Homes at The Preserve at Corkscrew in Estero

FORT MYERS, Fla. --- Lennar Homes is unveiling two new model homes at The Preserve at Corkscrew, located at 13525 Villa di Preserve in Estero off Corkscrew Road. Matt Devereaux, vice president of sales and marketing at Lennar Homes in the southwest Florida region, said Lennar is building 35 new Executive Homes and Manor Homes at The Preserve at Corkscrew. Manor Homes at the Preserve at Corkscrew will range in size from 1,861 square feet of living space to 3,867 square feet priced from the mid $200s. Executive Homes at the Preserve at Corkscrew will range in size from 1,340 square feet to 3,257 square feet priced from $266,990. The two-story, five-bedroom Monte Carlo model home features a three-car tandem garage. The Tivoli model home features four bedrooms and three baths in 2,267 square feet of living space with a three-car garage. Devereaux added that all Lennar built homes at The Preserve at Corkscrew come with Lennar’s “Everything’s Included” pledge: Extras such as granite kitchen countertops, wood cabinets, stainless steel appliances, crown molding and tile are all included in the Lennar Homes price. Visit www.lennar.com.

Lifestyle opportunities for seniors, Active Adults Will Lead Housing Recovery in Florida, Sunbelt Markets, says Leading Real Estate Veteran

MAITLAND, Fla. --- Older Americans’ demand for more, better and more affordable lifestyle opportunities will likely drive the housing industry recovery in Florida and other regions that appeal to seniors, according to longtime regional real estate investment expert George Livingston. Livingston, chairman of Green Global Investments in Maitland, said longtime demographic trends point to a wave of demand for senior housing opportunities as the population ages. “More than 10,000 Americans reach retirement age every day.” Livingston said. “The population of senior adults aged 85 or more in the U.S. is growing faster than our population as a whole, and it will increase by 20 percent through 2024. With little new development underway, supply is restricted, Livingston explained. “Current new development of senior housing is modest at best, and currently property valuations are below normal despite low interest rates,” Livingston said. Those factors point to powerful opportunities for investors in senior housing as risk capital comes off the sidelines. Demand is strongest for specialized housing such as assisted living facilities. “Assets with dementia units are especially in high demand,” Livingston said. “More than five million Americans have Alzheimer’s disease and a new case is diagnosed every 60 seconds in the U.S.” “Cap rates for properties that include dementia units range as high as seven percent,” Livingston said. Nationwide, independent living facilities are about 85 percent occupied, substantially below past highs of about 92 percent. But occupancy has been on the rise through the past seven quarters and is expected to improve through 2013. Rents are projected to increase by 3.5 percent. The graying of the baby boom generation will result in a greening of the housing industry,” Livingston said.