News

Homebuilders Enjoying a Resurgence

GL Homes reported a strong weekend of sales at The Bridges near Delray Beach, another indication that builders are gradually recovering from the housing meltdown. “Interest is definitely coming back,” said Marcie DePlaza, a division president for GL. “We feel really good about where the market is right now.” Other builders also are enjoying a

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Centra in Boca Raton, FL

Light, bright and fresh, Centra is offering today’s home buyer something totally new. During a tour of the three new furnished models at Centra (two more will open before the end of season), Gary Clement, Centra’s community builder, turned to me and said, “Everything is bright here — the light coming in from the oversized

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Builder Revamps Boca Housing Development

A Fort Lauderdale builder is back selling homes in Boca Raton, three years after scuttling its development amid the historic housing collapse. Stiles Corp. opens Centra to buyers at 10 a.m. Saturday. The retooled project, a mile west of Interstate 95 off Yamato Road, will consist of nearly 200 townhouses priced from $239,900 to $363,900.

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Residential Real Estate

Stiles Corp., the Fort Lauderdale – based developer known for its commercial projects, is switching gears on a residential community in Boca Raton. Following the lead of other builders in South Florida and the U.S., Stiles has opted to construct smaller, less expensive homes on a site where it once planned to build $1 million

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ULI Residential Panel Sees More Pain, Little Gain Ahead

For those who complain about enduring a recession, real estate builder/developer Harry Posin had some grim humor: “In the fourth year of a downturn, we feel we’re already in a depression – and are hoping we can move up to just a recession.” Previous recessions finished in 18 months, but the current, difficult economy now

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