BBX Capital Real Estate entered into a joint venture agreement with New Urban Communities to develop the Village at Victoria Park. The project is a 50%-50% joint venture with New Urban Communities serving as the developer and manager.
The Village at Victoria Park, located near downtown Fort Lauderdale, Florida, in the highly desirable Victoria Park neighborhood, will be built on a 2.3 acre parcel previously a part of the original BankAtlantic headquarters site. The community will consist of 30 highly amenitized two story cluster homes with private courtyards. Both Santa Barbara and Bermuda architectural styles will be offered. Homes will have 3-4 bedrooms, as well as two car garages, ten foot ceilings, impact glass, gourmet island kitchens, and open floor plans. Optional features will include plunge pools and summer kitchens. The Village at Victoria Park, a gated community, is close to shopping, restaurants, the beach, Las Olas and downtown Fort Lauderdale.
Development and Construction financing is being provided by Seacoast National Bank. Closings are anticipated to begin by the third quarter of 2015. Prices start at $649,000. For more information visit thevillageatvictoriapark.com.