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Wednesday, October 10, 2018

Broward County Experiencing Major Growth, Great Sign for the Future

My years of experience in Fort Lauderdale real estate mean I always pay attention to trends affecting Broward County as a whole. I have blogged in the past about the impressive growth currently taking place in Fort Lauderdale, particularly in the luxury real estate sector. The rest of Broward is following this promising trend, a great sign for buyers, as it means that purchasing a Broward County property is a great investment.

Over the next five years the total population of Broward County is expected to increase by 167,320 new residents, as reported by a Cushman & Wakefield study. By 2021, it is projected to have a population of 2.1 million. With increased population and residents comes an amplified need for more homes, shopping centers, and offices, a major part of the current Broward real estate boom.

One of the biggest projects in development is Metropica, a mixed-use project that spans 65 acres in Sunrise. It will be comprised of 485K SF of retail space, 2,200 condos in eight towers, 650K SF of office space, and 240 hotel rooms. Other Broward suburbs expecting serious expansion are Miramar and Margate, thanks to the highly anticipated American Dream megamall. Once complete, it would be the largest mall in the world, with retail shops, an indoor amusement park, indoor pool and beach, water slides, and even ski slopes! Other noteworthy Broward projects are the University Pointe development in Davie, 250 apartments plus ground-floor retail and office spaces that will cater to students attending Broward College, Nova Southeastern University, McFatter Technical College, and Florida Atlantic University. Pembroke Pines is looking forward to the completion of City Center, consisting of 325K SF of retail, 120K SF of office space, 400 apartments, and a 350-room hotel on 47 acres.

Make sure to continue reading my blogs for more updates on the real estate boom currently taking over Fort Lauderdale and the rest of Broward County!

For information on Fort Lauderdale and Broward County real estate, contact Joann Edwards at 954-770-8525 or realtor@joannedwards.com.

Check Out these Upcoming Broward Projects:

Metropica:

American Dream Mega Mall:

University Pointe:

Pembroke Pines City Center:

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Monday, October 08, 2018

For Fort Lauderdale residents, fall season means getting ready for one of the most spectacular events of the year…the Fort Lauderdale International Boat Show!

The 59th Annual Fort Lauderdale Boat Show cruises into the city October 31st-November 4th, bringing the most spectacular mega-yachts in the world with it. Taking place at 7 different locations and spanning 3 million square feet of exhibition space, the show displays over 1,500 boats from 1,200 exhibitors, and draws a crowd of 110,000 plus visitors from around the world. Over $4 billion will be showcased in various watercrafts including small vessels, yachts, high-performance boats, center consoles, cabin and express cruisers, catamarans, ski boats, trawlers, electronics, marine accessories, and the stars of the show, multimillion dollar superyachts! A noteworthy change to this year’s show is a relocated and redesigned boat entrance, which features a plaza-like configuration, efficiently designed security, and a VIP and exhibitor gate. According to a press release from Informa Exhibitions, the company putting forth the show, show cuisine will also be much improved, and includes “fresh, farm-to-plate fruits and vegetables, sustainable seafood, and natural, organic meats through partnerships with purveyors of locally-sourced, organic and sustainable products.” Other enjoyable activities taking place at the boat show are marine art and jewelry exhibits, a floating cocktail lounge, live music, and adult and children’s fishing clinics.

Various sources of transportation of the show will be provided, and 12 additional parking lots have been added. The lots will be incorporated into a parking master plan that will utilize the downtown Brightline train station, bus shuttles, and seven Water Taxi pickup/dropoff sites. Show hours are Wednesday from 12-7 pm, Thursday-Saturday from 10-7 pm, and Sunday from 10-6 pm. Tickets start at $33.

Now for the fun part! Take a look at some of the fantastic yachts that will be on display!

Abeking & Rasmussen -242 feet, Elysian

Palmer Johnson-150 feet, Grey Matters

Icon Yachts -205 feet, Party Girl

Feadship, De Vries -151.6 feet, Lady May

Rossi Navi-205 feet, Utopia IV

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Wednesday, October 03, 2018

Where money is involved, there will always be the threat of fraud. As a real estate expert, it is my job to closely follow trends that may be affecting the market and guide my clients accordingly. As such, I would like to discuss 6 types of mortgage fraud that are becoming more prevalent in this country, due to rising home prices and strong demand. In this blog I will explore fraud for housing, which is committed by borrowers who misrepresent or omit relevant details about employment and income, debt and credit, or property value and condition with the goal of obtaining or maintaining real estate ownership. Research shows that fraud is most common in conforming mortgages with loan-to-value ratios of 80 percent or less, according to real estate data firm CoreLogic. New York, New Jersey, and yes, Florida, are the states with the highest incidences of mortgage fraud.

Here are the most common types of mortgage fraud:

  • Income fraud: An applicant misrepresents the existence, continuance, source, or amount of their income (this has had the largest increase in the past 12 months at 22%).
  • Occupancy fraud: An applicant deliberately misstates the intended use of a property as a primary or secondary residence or an investment.
  • Transaction fraud: The applicant misrepresents the nature of the transaction, such as an undisclosed agreement between parties, falsified down payments, non-arm’s-length sale, or use of a straw buyer.
  • Property fraud: An applicant intentionally misrepresents information about the property or its value.
  • Undisclosed real estate debt: An applicant fails to disclose additional real estate debt or previous foreclosures.
  • Identity fraud: An applicant alters their identity or credit history, or uses a false identity.

In order to prevent mortgage fraud from occurring, make sure realistic expectations are set for both borrowing and homeownership. Be aware that there is numerous legislation at the local, state, and federal level designed to reduce mortgage fraud (particularly for investors and industry professionals). Real estate, title, and insurance agencies are licensed and monitored by government agencies, and many states also require periodic auditing of mortgage-lending companies' activities and transactions to monitor compliance. Knowledge is power, so keeping yourself informed of credible resources and what constitutes fraud is key.

For tips and insight into the South Florida real estate market, contact me at realtor@joannedwards.com.

Comments: 0

 
Wednesday, September 26, 2018

Riptide Music Festival Expands to Three Days! Announces New Lineup!

Great music, Gorgeous beach, and huge crowds can only mean one thing..the Riptide Music Festival is on the way! Another year of great bands and musical lineups will entertain on Fort Lauderdale Beach for the third annual Riptide Music Festival. Thanks to huge crowd turnout (over 37,000 people attended the festival last year), organizers this year have expanded the event to three days. Headlining sets will include Panic! At the Disco, 311, and even a Jacksons reunion.

Taking place November 30-December 2, this year attendees can look forward to a weekend filled with a mix of millennial alt-rock, pop, and 90’s throwback jams. Performers include bands such as Everclear, Third Eye Blind, and Collective Soul. The Friday lineup will surely attract fans of legacy acts, as tributes to two music titans, Michael Jackson and Prince, will take the stage to perform the 2 music legends top hits. On Saturday younger fans can look forward to rocking out to the musical offerings of Panic! At the Disco, Cold War Kids, Sublime with Rome, and Dirty Heads. Groups such as Third Eye Blind, Sugar Ray, and The Crystal Method will round out the festival on Sunday.

The first wave of passes for Riptide Music Festival went on sale September 14th, and pre-sale tickets are available for as low as $60 for 104.3 The Shark Chum Club members. There will be three tiers of general admission tickets, with each one increasing in price as the festival date approaches.

Check out the complete Riptide Music Festival 2018 lineup:

Friday, November 30

  • The Jacksons
  • The Sugarhill Gang
  • Baha Men
  • Lisa Lisa
  • Sheila E.

Saturday, December 1

  • Panic! At the Disco
  • Sublime With Rome
  • Young the Giant
  • Dirty Heads
  • Cold War Kids
  • Blue October
  • Bishop Briggs
  • Robert Delong
  • Sir Sly
  • Alex Merton
  • Bob Moses
  • Dreamers
  • Lovelytheband
  • The Driver Era
  • Two Feet
  • Superorganism
  • The Knocks

Sunday, December 2

  • 311
  • Live
  • Third Eye Blind
  • Collective Soul
  • Sugar Ray
  • Everclear
  • The Crystal Method
  • Just Loud
  • Silent Rival
  • DJ Immortal

Click here for more info on the festival!

Comments: 0

 
Thursday, September 20, 2018

Spatember Ends Soon! Check Out these Great Fort Lauderdale Spas Before it’s Too Late!

The start of fall means something special for Fort Lauderdale residents…Spatember!

Pamper yourself with special packages and $99-services at the area’s most luxurious spas throughout the month. Spatember treatment options include full body massages, exfoliating body scrubs, facials, masks, eye and lip treatments and more.

Here are some great options to treat yourself before it ends September 30th:

The Spa at Fort Lauderdale Marriott Harbor Beach Resort & Spa

Photo courtesy of Fort Lauderdale Marriott Harbor Beach Resort & Spa

The Spa at Fort Lauderdale Marriott Harbor Beach Resort & Spa offers specially discounted Spatember treatments such as 50-minute NuFACE Facial, using micro-sculpting technology; the 50-minute Royal Body Treatment with an exfoliating scrub, hydrating body masque and scalp massage or foot massage; and the Massage Medley, a combination of aromatherapy, Swedish massage and deep tissue massage. Booking a treatment provides access to the spa facilities, including a private pool and jacuzzi. A 20-percent gratuity based on the original price will be added to each service.

3030 Holiday Drive, Fort Lauderdale; 954.525.4000; marriott.com

Conrad Spa at Conrad Fort Lauderdale Beach

Photo courtesy of Conrad Fort Lauderdale Beach

Pamper yourself at the Conrad Spa’s 90-minute Rest massage at Conrad Fort Lauderdale Beach for $99 (normally $240). The full-body treatment boasts precisely applied pressures and Swedish massage techniques. The massage is perfect for those struggling with sleeplessness, as it helps to balance the nervous system and induce serenity. Another huge hit is the spa’s Revive massage (normally $236), which includes exfoliation, targeted compressions and massage and stretching techniques aimed at reviving the body and clearing the mind. The treatment also helps to stimulate circulation and metabolism.

551 N. Fort Lauderdale Beach Blvd., Fort Lauderdale; 954.414.5100; conradfortlauderdale.com

The Ritz-Carlton Spa at The Ritz-Carlton, Fort Lauderdale

Photo courtesy of The Ritz-Carlton, Fort Lauderdale

The Ritz-Carlton Spa holds the special honor of being the only full-service beachfront spa in Fort Lauderdale. Boasts a special relaxation lounge before sampling any of the $99-treatment options, which range from an anti-aging facial to the All You Need Are Results treatment (includes a clinical-strength retinol peel), an Alpha Beta peel, a recovery mask, an All About the Basics full-body treatment and more. The All About the Basics treatment includes a full aromatherapy oil massage, a chamomile eye treatment and a shea butter scalp massage.

1 N. Fort Lauderdale Beach Blvd., Fort Lauderdale; 954.465.2300; ritzcarlton.com/en/hotels/florida/fort-lauderdale/spa

Heavenly Spa by Westin at The Westin Fort Lauderdale Beach Resort

Photo courtesy of Westin Fort Lauderdale Beach Resort

Welcome to heaven! Heavenly Spa at the Westin Fort Lauderdale Beach Resort presents some of the most unique Spatember offerings in Fort Lauderdale. With specials priced at $99 that include a body sculpt massage, a 50-minute Surf and Sand Body Buff & Massage, and a 50-minute facial with a HydraFacial Perk™ lip or eye treatment, you’ll truly feel as if you are having an other-worldly experience.

321 N. Fort Lauderdale Beach Blvd., Fort Lauderdale; 954.245.3040; westinfortlauderdalebeachspa.com

Spa Atlantic at The Atlantic Hotel & Spa

Photo courtesy of Atlantic Hotel & Spa

The perfect fusion of traditional rituals and a holistic approach come together at Spa Atlantic at Atlantic Hotel & Spa. Spatember specials are available seven days a week for the entire month of September, and include a 50-minute Awaken Facial with eye and lip treatment and a Detox Wrap with 25 minutes of foot reflexology.

601 N. Fort Lauderdale Beach Blvd., Fort Lauderdale; 954.567.8020; atlantichotelfl.com

The Red Door Salon & Spa at The Galleria at Fort Lauderdale

Photo courtesy of The Red Door Salon & Spa

Enjoy a day of shopping and pampering at The Red Door Salon & Spa, conveniently located at The Galleria. A leading beauty spa with a wide assortment of spa treatments, Spatember treatments include the Essential Facial with a technology add-on (LED therapy, oxygen infusion or microdermabrasion); the 80-minute full-body Escape Massage; and the seasonal manicure and pedicure, which includes a customized foot bath and a paraffin treatment.

2598 E. Sunrise Blvd., Fort Lauderdale; 954.564.5787; thereddoor.com

Schedule your spa time now because these great deals end this month! You deserve it!

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Friday, September 14, 2018

Ready to Live Lavishly? The Newly-Renovated Luxe W Residences Fort Lauderdale Makes Everyday a Vacation

As Fort Lauderdale continues to establish itself as a leader in South Florida luxury, well-known residences are following the trend and updating accordingly. One of the most recent properties to take luxury living to the next level is the W Residences Fort Lauderdale. Redesigned by Related Group, residents can now enjoy never-ending amenities and great perks in one of the top real estate cities in the country.

W Residences has always had a desirable beachfront location. Situated between the Intercoastal and Atlantic Ocean, rooms showcase breathtaking waterfront views on both sides. Related Group took on the task of revamping the property’s 171 rooms and public spaces in the West Tower. The oceanfront pool area, lobby, and bar (called Living Room), have been reimagined by award-winning design house Meyer Davis Studio. The studio opted on highlighting modern, beachy design a color motif of stark white interiors accented by deep blues and grays. Units are fully furnished and boast sleek kitchen designs with state-of-the-art appliances and bedroom with contemporary open bath areas.

On to the world-class amenities! The W offers a modernized hotel pool with a unique glass encasing that allows guests to see through the bottom of the pool and take photos. Perfect for Instagram! On the weekends guests can enjoy full dining and drink service, as well as live DJ. The reimagined Living Room bar area is also noteworthy, showing off a gorgeous main bar with various lounge areas throughout, as well as couches and tables outside that face the gorgeous white, sandy beaches of Fort Lauderdale. Additionally, the lounge offers live entertainment every night, and adjacent to the Living Room Bar is a sushi bar with some of the freshest sushi in the city. Speaking of food, make sure to check out the on-property dining options, Steak 954 and El Vez, both from famed restaurateur Stephen Starr. Enjoy contemporary American food and mouth-watering steak and seafood at Steak 954, or lively Mexican-themed fare such as carnitas tacos or spicy branzino at El Vez. Whatever your choice, your taste buds will thank you!

I love seeing so much luxury real estate in Fort Lauderdale and taking note of the amazing transformations taking place daily. The W Residences has done a wonderful job of living up to the increasingly higher standards of this fantastic city, and I look forward to seeing the new luxury real estate that pops up in the future!

For more information on Fort Lauderdale real estate, contact Joann Edwards at 954-770-8525 or realtor@joannedwards.com.

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