Location Ventures project in collaboration with Marriott the EDITION Residences Fort Lauderdale was recently featured in Mansion Global article “Nestled Between Two Luxury-Home Powerhouses, Fort Lauderdale Homeowners Are Primed for Future Upside”.
From the article:
A few years ago, Rishi Kapoor, the CEO of Location Ventures, was looking for waterfront sites to develop condominiums in South Florida.
With land prices increasing to all-time highs in Miami and Palm Beach, he found a location where he felt that he could attract luxury buyers but at a more reasonable price point: Fort Lauderdale.
“You can still get a five-star luxury experience and all of the amenities of a world class city, but definitely at a value compared to those other two markets,” Mr. Kapoor said.
A decade ago, luxury condo development was concentrated in skyrocketing Miami to the south, while the priciest single-family market in the state has been to the north in Palm Beach, an enclave for the rich and famous. Now, the strength of its neighbors is having a spillover effect on Fort Lauderdale and surrounding Broward County, giving buyers in this relatively more affordable luxury market a great opportunity for long-term future upside.
Read more on Mansion Global HERE