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BBX Capital Real Estate is pleased to announce the launch of its newest division, BBX Industrial, which will focus on identifying infill speculative and industrial build to suit opportunities in the State of Florida and opportunistically in other key logistics markets.
The new division will be led by Mark G. Levy, who will serve as its President and is a seasoned veteran of the commercial real estate industry with more than 28 years of experience in senior executive leadership positions with a diverse array of public and private real estate companies. Levy’s broad experience encompasses development, acquisitions, dispositions, and asset management. Notably, throughout his career, Levy has been involved in the development, acquisition, and asset management of over $1B of industrial real estate in key U.S. logistics markets.
Levy was most recently Executive Vice President of Industrial Acquisitions for Hilco Redevelopment Partners, where he was responsible for the expansion of Hilco’s real estate development, acquisition, investment, and capital structuring activities nationwide. Prior to that, he served in various senior leadership roles for Opus South Corporation, Duke Realty (NYSE:DRE), Prologis (NYSE:PLD) and JLL (NYSE:JLL).
“We are pleased to welcome Mark to our organization,” commented Seth M. Wise, President of BBX Capital Real Estate. “Mark’s wealth of industrial real estate knowledge, market expertise, and strong track record will add tremendous value as we continue to grow BBX Capital Real Estate and continue to expand our real estate platform.”
“I am excited to join BBX Capital Real Estate and launch this new industrial division,” said Mark Levy. “BBX Capital Real Estate’s long-standing track record of value creation, in-house management capabilities, as well as trusted institutional capital partners, will allow us to evolve quickly and create a strong pipeline of projects. Now is an ideal time to launch this division due to the secular change in consumer buying habits and retailer distribution which has fueled sustained demand for warehousing and logistics facilities, especially in infill locations in high growth states such as Florida”.
BBX Capital Real Estate, a division of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida. BBX Capital Real Estate also has an approximate 50% ownership interest in The Altman Companies which includes membership interests in Altman Development Company, Altman-Glenewinkel Construction and Altman Management Company.
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that its division Altman Management Company will now be managing New River Yacht Club in Fort Lauderdale, Florida, a luxury 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale.
“We are excited to manage the New River Yacht Club,” said Seth Wise, co-CEO of The Altman Companies. “The New River Yacht Club is an extraordinary building and we look forward to bringing the uniquely Altman Exceptional Living Experience to the residents of this luxurious community in Downtown Fort Lauderdale.”
“We are confident that we will provide the uncompromising attention to detail and unique services for the residents that only The Altman Companies can provide” said Lee Ann Edwards, President of Altman Management Company.
New River Yacht Club redefines luxurious, upscale living. Boasting an unparalleled location right on the New River, the New River Yacht Club is a stunning waterfront community of luxury apartment homes, featuring high-end studio, 1-, 2- and 3-bedroom apartment residences, all with breathtaking views and modern finishes located in the heart of Downtown Fort Lauderdale. The building provides resort-style amenities including a stunning seventh-floor covered pool, an outdoor bar, a fully equipped with summer kitchen, communal dining area, fireplace, televisions and lounges; a game room with billiard and gaming table, integrated stereo system and television; 24-Hour, state-of-the-art fully equipped fitness center and a spa treatment room and sauna. Located within walking distance to the city’s exciting and popular business, shopping and dining venues and just minutes from the beach, this Las Olas rental community is just steps away from all of the attractions of Downtown and the waterfront.
For more information on New River Yacht Club, please visit https://lasolasapartmentsftlauderdale.com.
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that its division Altman Management Company will now be managing New River Yacht Club in Fort Lauderdale, Florida, a luxury 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale.
“We are excited to manage the New River Yacht Club,” said Seth Wise, co-CEO of The Altman Companies. “The New River Yacht Club is an extraordinary building and we look forward to bringing the uniquely Altman Exceptional Living Experience to the residents of this luxurious community in Downtown Fort Lauderdale.”
“We are confident that we will provide the uncompromising attention to detail and unique services for the residents that only The Altman Companies can provide” said Lee Ann Edwards, President of Altman Management Company.
New River Yacht Club redefines luxurious, upscale living. Boasting an unparalleled location right on the New River, the New River Yacht Club is a stunning waterfront community of luxury apartment homes, featuring high-end studio, 1-, 2- and 3-bedroom apartment residences, all with breathtaking views and modern finishes located in the heart of Downtown Fort Lauderdale. The building provides resort-style amenities including a stunning seventh-floor covered pool, an outdoor bar, a fully equipped with summer kitchen, communal dining area, fireplace, televisions and lounges; a game room with billiard and gaming table, integrated stereo system and television; 24-Hour, state-of-the-art fully equipped fitness center and a spa treatment room and sauna. Located within walking distance to the city’s exciting and popular business, shopping and dining venues and just minutes from the beach, this Las Olas rental community is just steps away from all of the attractions of Downtown and the waterfront.
For more information on New River Yacht Club, please visit https://lasolasapartmentsftlauderdale.com.
The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities is pleased to announce that it will now be managing the Avery Pompano Beach, an eight-story, high-tech apartment tower located north of East Atlantic Boulevard and just steps from the beach. A division of The Altman Companies, Altman Management was hired by the Frankforter Group, a Canadian-based real estate investment and asset management firm, who recently purchased the community.
“We are thrilled to receive another engagement from the Frankforter Group to manage the Avery Pompano Beach,” said Seth Wise, co-CEO of The Altman Companies. “We look forward to bringing an exceptional living experience, that only The Altman Companies can provide, to the residents of this luxurious community in Pompano Beach.”
“We recently began managing one of Frankforter Group’s communities in Orlando and now look forward to our continued partnership with them through Avery,” said Lee Ann Edwards, President of Altman Management Company.
Avery Pompano Beach offers an extraordinary modern luxury rental opportunity perfectly located off Federal Highway, just minutes to the beach and one exit away from Cypress Creek and its corporate addresses. Featuring 144-stylish apartments with dazzling amenities and close to all the shopping, dining, and sporting fun of Pompano Beach. This property features resort-quality amenities including a private, two-story clubhouse with tropical landscaped pool with cabanas and spa, an outdoor summer kitchen with waterfall and fire pit, fitness center, and club room with catering kitchen.
Each one of the beautifully styled residences at Avery Pompano Beach features sleek wood-toned flooring, washer/dryers, large walk-in closets, and smart-entry access. With thirteen layouts to choose from, some come with sheltered balconies, which feel like an extra room, and each has its own distinct personality. In addition, Avery Pompano Beach includes high-tech features including built-in USB chargers to charge phones and other electronics without needing an adapter, high-energy efficiency air-conditioning units, and low-flow water fixtures. Using a smartphone, each resident will be able to control the home’s temperature and its key-less entry locks.
Residents can choose from a collection of one- and two-bedroom apartments ranging from 787- to 1,436-square feet. The upper floors have views of the Pompano Beach municipal golf course and community park.
Avery Pompano Beach is about a three-minute drive to the beach down Atlantic Boulevard and is in walking distance to the Pompano Amphitheater and community park, which includes sports fields, an outdoor public pool, playground, BBQ grills, and an adjacent dog park.
For more information on Avery Pompano Beach, please visit https://www.averypompanobeach.com/.
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, and Phoenix Capital Holdings, Ltd., an independent private equity investment manager, announced the sale of Altís Grand at the Preserve, located in Odessa, Florida, to LaSalle Investment Management. Newmark Group, Inc. a commercial real estate service company, led by Vice Chairman Patrick Dufour, represented the sellers in the disposition to LaSalle Investment Management.
"We are pleased to complete the sale of Altís Grand at the Preserve to LaSalle Investment Management,” said Joel Altman, Chairman and co-CEO of The Altman Companies. “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have redefined the Exceptional Living Experience in Florida and across the country and we are very proud to have developed this upscale, environmentally friendly community.”
Altís Grand at The Preserve offers well-appointed one-, two- and three-bedroom apartment homes ranging from 722- to 1,479-square-feet with private entry options. The Altman Companies completed the development of this first of its kind and environmentally friendly upscale residential community in June 2020. The property is National Green Building Standard (NGBS) certified and some of its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer and programmable thermostat with humidistat.
“We are glad to have had the opportunity to establish a relationship with LaSalle through the sale of this special community from our portfolio,” added Seth Wise, co-CEO of The Altman Companies.
To learn more about Altís Grand at The Preserve, please visit https://www.altisgrandpreserve.com.
The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, today announced the topping-off of Altís Ludlam Trail, a mixed-use, six-story apartment building in Miami-Dade.
“We’re very excited to reach this construction milestone with Altís Ludlam Trail,” said Joel Altman, Chairman of The Altman Companies. “This topping-off represents an important construction milestone for The Altman Companies and our partners, and it reflects our commitment to bringing exceptional living experiences to the residents of Miami.”
Residents of Altís Ludlam Trail will enjoy Class-A amenities including a rooftop resort-style pool, a pool deck with pavilions and BBQ grills, a rooftop clubhouse with a media room, fitness center and a coffee bar. The community will also feature workspace stations equipped with high-speed internet access, a synthetic turf gaming area, a hammock garden. Altís will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in and a pet spa and a bark park immediately adjacent to the new Ludlam Trail to allow residents to bond and play with their dogs.
“We have developed this community into a true live-work-play environment, incorporating residential and retail components,” said Seth Wise, co-CEO of The Altman Companies.
Located at the newly created Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail will consist of 312 ultra-luxe apartments with an average unit size of 820-square feet and is set on approximately 2.74-acres of land. The property will be developed in partnership with MV Real Estate Holdings and The Mattoni Group, a private equity real estate investment firm that specializes in placing equity and debt with experienced operating and development partners working on transformative projects.
Altís Ludlam Trail will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat. Furthermore, the installation of electric car charging stations will allow residents to charge their electric cars free of cost as an incentive for their commitment to green energy.
Altís Ludlam Trail will be a mixed-use community located in proximity to the 7,500-square feet of retail space facing the well-travelled Bird Road. It will be located less than a mile from the Palmetto Expressway, two miles from the University of Miami and three miles from Coral Gables.
For more information about Altís Ludlam Trail, please visit www.altmancos.com.