Sky-High Prices for Land Force Developers to Get Creative
By Bendix Anderson (From: MULTIFAMILY EXECUTIVE - Posted on: April 5, 2014)
Mill Creek is making room for high-rise Port Royale in Fort Lauderdale. "We looked at it as a great opportunity to fix up older units and create density," says Bill MacDonald, CIO. PHOTO: Stephen Voss
Last year, Mill Creek Residential Trust bought Port Royale in Fort Lauderdale, Fla., with a plan to tear down roughly a third of its 737 apartments to make room for more than 500 new high-rise units.
VISIT D'ANGELO REALTY FOR NEW DEVELOPMENT INFO