Of all the condo hotels in Orlando, there was something special about the International Plaza Resort & Spa on I-Drive. Formally a Sheraton, it converted to a condo hotel a year or two ago and has been taking reservations ever since. With over 1100 rooms to sell, it was always going to be a tough project but it had that special "vacation feel" which made it desirable - as well as the best location in Orlando - just a stone's throw from the Orange County Convention Center. As a [...]
Maybe. Â I went to hear noted economist Jack McCabe speak about the Florida real estate market yesterday. My firm brought him to Sarasota so he could give his opinions about the Florida real estate market to local sellers, bankers, attorneys, accountants and investors. His opinion was that things will get worse before they get better and that there will be further price declines over the next 2 years. Â Last week noted economist Hank Fishkind was in town last week speaking about Florida [...]
Rumors that Publix is pulling out of the Paramount condo downtown Orlando are untrue according to both companies - who started a new rumor last week that despite the delays, the supermarket will open at the Paramount on East Lake Avenue this summer. But downtown residents aren't holding their breath, they've been hearing a similar rendidtion about the new downtown movie theatre for the last year or more. But when both the grocery store and the movie theatre are finally in [...]
A ton is going on in the world, all very relevant. Seriously, I could write a novel about the last two weeks. So, in the interest of time, I'll keep this one as short and sweet as I can.Preliminary Gross Domestic Product numbers came in at a meager +0.6 for 4th quarter '07. Not the thrilling growth that our country has come to know and love, but also not indicative of a full-on runaway recession. Initial Jobless Claims came in at 356,000, higher than expectations of 340,000. The[...]
Below is a sample of the Solaire condo's auction inventory. Call us if you would like the full list or a pre-auction tour. The Solaire auction is a 'minimum selling bid competitive auction'. There will be a total of 42 Solaire condos for auction comprised of one- and two-bedroom units. The requirements for the auction are that a buyer must be pre-registered as a bidder, be pre-qualified through one of two lenders (or provide proof of funds if a cash buyer), and be able to attend the auction [...]
The Comeback Condotel: Just when you thought that any condo hotel that wasn't already built was dead (as well as some that are), the Intercontinental Group are making a come back with Palazzo del Lago. What: The Great Taste Show: Orlando's newest luxury residences. Where: The Travel Channel: Sunday February 10th When: 7am - Eastern & Pacific Time; 6am - Central Time; 5am - Mountain Time (ouch) Be there - or be in bed (I'll be in bed).
SOLAIRE Auction Update: Auction for the Solaire condos at the Plaza will be held on Saturday March 1st 2008 in Orlando. 42 Luxury condos will be auctioned: 1 bedrooms will start at $170k; 2 bedrooms at $250k. We will be registering potential Solaire buyers starting on Saturday at 11am - 5pm. Pre-qualification through a preferred lender will be required. Contact us for more details and to register - all buyers must register prior to the auction which will take place downtown Orlando. [...]
Downtown Orlando's Solaire at the Plaza is great condominium.But like most downtown condos, it's had its fair share of problems. Now, after a number of sales and marketing companies have come and gone, each turning down offers from both individuals and bulk investors, several reliable sources suggest that the developers (Wood Partners) have decided to take their chances at auction - and Condo Metropolis has heard that a press release is expected on Friday 8th February, 2008. The Orlando [...]
Readers of our condo blog like one thing the best: The fact that we tell is like it is - good or bad. We highlight the good, but if there are shady goings on out there, we tend to speak up about that too. Lucas Lechuga is our counterpart in Miami. Buyers love his condo blog - developers, well, not so much. Tibor Hollo, the developer of the Miami condo "Opera Tower" has just filed a $25M lawsuit against Lechuga for making a comment in one of his blogs that he gone [...]
Serra Vella condos in Altamonte Springs, Orlando have always been a good deal in a decent neighborhood. Last week the deal began to look even sweeter as prices dropped another $10k making them pretty irresistable for those hoping to buy an Orlando condo in the $90k - $130k price range. You can now pick up a studio for $80k; a 1/1 for $82k; a 2/1 for $110; a 2/2 for $120k and a 3/2 for $160k. Let us know if you'd like a tour with us. You'll get 2 years HOA payments [...]
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