The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, announced today that it has secured an investment from institutional investors advised by J.P. Morgan Global Alternatives in Altis Grand at Lake Willis in Orlando, and broken ground on the development. Newmark Group, led by Vice Chairman Patrick Dufour acted as the exclusive advisor to arrange equity capital for Altis Grand at Lake Willis on behalf of The Altman Companies. The site located in the southern submarket of Orange County, just outside the Orlando city limits, will feature 329 upscale garden-style apartment homes set on 23.45-acres of land. 

"We are excited to have J.P. Morgan as our partner on this community and to begin the construction process,” said Joel Altman, Chairman & 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 begin developing this upscale, environmentally friendly community.”

Altís Grand at Lake Willis redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents will enjoy exclusive membership to The Club within the community with direct access to a 24/7 fitness center complete with a yoga, spinning & aerobics studio; a Starbucks cybercafe with entree to workspace lounges & a private conference room and a game room with virtual reality and game simulator. An additional roster of exclusive amenities at The Club will also include a resort-style heated pool, complete with a spa, cabanas, and an extensive pool-pavilion, which will be the perfect place to unwind and soak up the sun, and a wellness treatment room and a sauna, which will offer residents the perfect spot to relax and recharge.

Altís Grand at Lake Willis will offer exceptionally appointed one-, two-, and three-bedroom apartment homes available with private entry options in the Altis product, and air-conditioned interior halls, with elevator-access within the Ariya buildings. Most all 329 apartment homes will be available with a balcony or a patio option.  Interior features in each home will include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.

Altís Grand at Lake Willis will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in. A multi-purpose trail and a pet park with gated, off-leash area will be available in the community to allow residents to bond and play with their pets. The community will also be equipped with a hobby/craft room and a 24/7 automated package and dry-cleaning pickup station for residents’ convenience.

Altís Grand at Lake Willis will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include 100% energy efficient designer lighting, ENERGY STAR® refrigerator and dishwasher, a high efficiency water heater and sub-metered water and car charging stations.

Convenience and prime location are high priority within the development plan, allowing easy access in all directions to major employment centers, downtown Orlando, theme parks and the Orlando International Airport. Altís Grand at Lake Willis is adjacent to Vineland Pointe; a brand new, three-phase 450,000 retail shopping and entertainment center. Furthermore, the site is a five-minute walk from the Orlando Vineland Premium Outlets, which encompasses 657,000-square-feet of retail space, 160 stores with over 13 million annual visitors.

“This transaction and the groundbreaking mark another significant development for The Altman Companies as we develop another exceptional Altis community in Orlando,” added Seth Wise, co-CEO of The Altman Companies.  “We are delighted to join with J.P. Morgan as our partner on this transaction, and to continue to deliver a new standard of luxury, exceptional services, and exclusive amenities to the Orlando area.”

Altís Grand at Lake Willis is set to have its first units delivered in late 2022. To learn more about Altís Lake Willis, please visit https://altmancos.com

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.