Downtown Cincinnati condo project announces sellout

in Cincinnati Real Estate Consulting, Cincinnati Real Estate Development, Cincinnati Real Estate Development News, Cincinnati Real Estate News, Ohio Real Estate Development News, Press Releases

Denise Guiducci of RE/MAX CityWide announced that the Le Brittany Condominiums in the downtown Cincinnati business district has sold out, giving another indication that the city’s urban core has strong demand for condominiums in the 180k – 230k price range.

RE/MAX CityWide has announced the complete sellout of Le Brittany Condominiums at 9th and Race in Cincinnati’s central business district. The 18 unit project has a mix of 2 bedroom 1.5 bath units and 1 bedroom 1.5 bath units, with selling prices between 179k and 240k. The project was originally an apartment building which was fully converted to condominiums.

Guiducci was recently selected by Cranewoods Development to list the McFArland Lofts project in the downtown Cincinnati West Fourth Street historic district.

“The McFarland Lofts is an exciting project for us. It has the advantage of being in the price-point ‘sweet spot’, and combines great location with inside garage parking, private balconies and 2 bedroom 2 bath contemporary floor plans”.

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Bank consultant announces sellout of St Augustine real estate project

in Cincinnati Real Estate Consulting, Cincinnati Real Estate Development, Cincinnati Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Press Releases, Real Estate Consulting, Real Estate Debt Workout, Real Estate Development, Real Estate Receiver

Cranewoods Development announces that it has completed the liquidation of a planned residential waterfront community on the shores of the St Augustine Inlet in Northeast Florida. “Properties are selling and inventory is being absorbed,” says consultant.

November 8th 2010 – St Augustine, FL   Bank and Real Estate development consultant Cranewoods Development announces that it has managed the final property closing of a planned multi-phase waterfront community in St Augustine Florida consisting of a future multi and single-family development that included a 3500sf West Indies style luxury home.

The St Augustine market had been hit particularly hard by the real estate downturn, ultimately creating intriguing opportunities for investors and homebuyers willing to step in and buy while prices are depressed.

“Properties are selling and inventory is being absorbed. Those are the indicators that prices are recovering. Now it’s a question of how fast,” stated Andrew Howe, President of Cranewoods Development. “This project had terrific value just sitting there, our job was to let people know about it in a way they understood.”

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Florida Developer Announces Sellout of Award Winning Jacksonville Historic District Loft Project

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

Florida real estate Developer Cranewoods Development announced that the remaining lofts in its award winning Riverside Historic District loft project in Jacksonville, The Chelse Lofts, were sold to a South Floida investment group. The Chelsea has won awards for historically compatable construction and design.

Jacksonville, FL (PRWEB) March 25, 2010 — Florida real estate developer Cranewoods Development announced the sellout of their award winning loft project, The Chelsea, in the Riverside Historic District of Jacksonville Florida.

The Chelsea was the first of its kind in the area, combining classic exterior architecture with cutting edge contemporary interiors. Located in a highly walkable neighborhood, with cutting edge urban loft details like wide open spaces, stained concrete floors, quartz countertops in contemporary kitchens and artistic details like glazed tile entry walls; The Chelsea Lofts only reveal themselves when inside the classic turn of the century Florida styled exterior. The project was the recipient of four design and construction awards including recognition for the best architecturally compatible new construction by the Jacksonville Historical Society.

“We felt the Jacksonville market really wanted an ultra contemporary urban loft option, and Riverside, with its convenience and walkability, was the perfect location,” said Andrew Howe of Cranewoods. “To sell out the lofts in these tough economic times, shows we were right.” Read more →

Cincinnati Real Estate Consultant Comments on Recent Listing in U.S. News report “Top 10 Cities for Real Estate Steals”

in Cincinnati Construction Management, Cincinnati Real Estate Development, Cincinnati Real Estate Development News, Cincinnati Real Estate News, Press Releases, Real Estate Consulting, Real Estate Development, Real Estate Market News

A recent article in US News and World Report ranking cities where there is potential for “real estate steals” prompted a discussion of the Cincinnati housing market and its prospects with Real Estate Development Consultant Andrew Howe of Cranewoods Development.

Cincinnati, OH (PRWEB) February 25, 2010 — Andrew Howe of Cranewoods Development gives local confirmation that Cincinnati is one of the “10 cities for real estate steals” as recently reported in U.S. News and World Report. Citing stable values during the recent boom and bust and a firm price to income level, Howe says, “Cincinnati real estate has always seemed to escape the dramatic boom bust cycles that devastate other parts of the country.” While the article predicts further price drops, it anticipates a bottoming in 2010 setting the stage for future appreciation.

 Howe, a Cincinnati real estate development consultant and a successful developer and general contractor for markets in Ohio and Florida for over thirty years, transformed his firm into a development consultancy using his expertise in development, construction and finance to assist lenders and development groups in resolving problem projects and loans. Cranewoods primarily serves the Greater Cincinnati area and Florida’s Eastern shore.

 Unlike Florida, Howe stated, “Cincinnati’s real estate stability moderates development profits in great years, but also limits the pain on the downside.” While Cincinnati has dodged the brunt of the crash, both lenders and developers have still been faced with stalled projects and loan defaults. The stabilization of the housing market has followed the same pattern as many other parts of the country, with the under 300k housing prices leading the market in sales. Although sales prices are at discounts to where they were in 2007-2008, the fact that there was an increase sales transactions during the second half of 2009 and 2010 is a positive sign for absorbing inventory, the first step in a market bottom and eventual recovery.

Howe points to downtown’s loft projects as a prime example. “Cincinnati’s loft condominiums in the under $300k range that are well designed and well located are starting to sell again,” Howe said, pointing to Hamilton County tax records showing a surge in downtown loft sales beginning in the 3rd quarter of 2009. “The real estate cycle will turn around as they all do. It’s a matter of survival while the market takes the necessary steps to recover.” Read more →

Short Sale Pricing on Six St. Augustine Florida Waterfront Lots Pending Bank Foreclosure Announced By Cranewoods Realty

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

 6 pristine St Augustine Florida waterfront lots zoned multi-family are now available at short sale pricing dramatically below the outstanding bank loan. Working with the lender and developer, Cranewoods Realty has now listed these AAA located parcels at less than 25% of the actual cash invested in the lots due to a pending bank foreclosure. These are prime Florida waterfront lots with dramatic St Augustine Inlet views and within walking distance to the historic district.

St Augustine, FL (PRWEB) May 28, 2009 — Drastically reduced St. Augustine Florida Waterfront Lots are now available from Florida real estate developer  Cranewoods Development. The new Short Sale Pricing of $1.1 million for all six lots is $3.4 million less than the actual cash invested in the real estate due to a Pending Foreclosure. 

Permits, engineering and approvals are in place for this Florida development property, located in the private Davis Shores community and within walking distance to scenic Old St. Augustine, restaurants, deep-water marinas, shopping and more. This unique site offers fantastic long-range views of the Atlantic Ocean and is surrounded by the waters of Salt Run, the Matanzas River and St. Augustine Inlet. 

“This is a rare opportunity to gain entry into the St Augustine Florida waterfront market at a rock bottom price,” said Cranewoods Realty’s Kristin Fanning. “This property is particularly unusual because of the number of exit strategies it has without the need for rezoning. The lots can be sold off individually, or used as they are assembled”. The lots are zoned multi-family, which gives them an additional height allowance allowing three stories. Options for the property include single family homesites, duplex sites, townhome and condominium developments.  Read more →

Cranewoods Realty Announces Bank-Owned Ocean View Condos in Jacksonville Beach Released at Deep Discounts to Previous List Prices

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases, Real Estate Development, Real Estate Market News

Andrew Howe, president of Cranewoods Development announces the availability of bank owned condominiums in Jacksonville Beach, Florida. Bank Owned Condos offer great values for those looking for Florida Real Estate. Serena Point in Jacksovnille Beach, Florida offers ocean view condos that are now released below appraised values. These newly released Bank Owned Ocean View Condos are selling at more than a 20% discount to the original Sales Prices.

Jacksonville Beach, FL (PRWEB) May 26, 2009 — Discounts of nearly 20 percent from original sales prices are now available on newly released bank owned condominiums. Jacksonville Beach Florida real estate developer Cranewoods Realty announced the new pricing in tandem with its release of five of the new North Florida ocean view condos in Jacksonville Beach. The recently announced prices are below February 2008 appraised values. 

Located near the oceanfront at the northern end of Jacksonville Beach near the Neptune Beach city limit, Serena Point includes just 17 residences in a seven-story, architecturally distinctive community. Residents enjoy direct beach access and ocean views from every window. Serena Point amenities include a fitness center, gracious two-story lobby, garage parking under the building, bike storage room and climate-controlled storage units for each residence. Read more →

Jacksonville Lofts Now Released at Bank Approved Short Sale Pricing by Florida Real Estate Developer Cranewoods Development

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases, Real Estate Development

Florida Real Estate Developer Andrew Howe, president of Cranewoods Development announces short sale pricing on Jacksonville loft residences in Jacksonville’s Riverside/Avondale historic district.

Jacksonville, FL (PRWEB) March 24, 2009 — Jacksonville lofts are now available at bank-approved Short Sale pricing at The Chelsea Lofts in Jacksonville’s storied Riverside/Avondale historic district. Winner of four design awards for historically compatible design and construction, The Chelsea Lofts’ price per square foot is nearly $100 less than other residences in the area, and two lofts have been sold between December 2008 and February 2009. Only a select few residences remain. New price reductions are anticipated to clear out the short sale inventory within the next couple of months. The Developer has also released a hand full of lofts now available for rent. 

The project, priced below developer construction costs, was recently completed by Jacksonville-based HCM Construction, the winner of numerous awards for its distinctive condominium and hotel projects. 

These North Florida condominiums are in the heart of one of Jacksonville’s most pedestrian-friendly neighborhoods. Residents in the area enjoy easy access to unique shopping districts, museums and galleries, and some of the city’s most popular restaurants, clubs and nightspots. The neighborhood is just a short drive to business centers and recreation in downtown Jacksonville.  Read more →

Florida Real Estate Broker Hosts Event Releasing Amelia Island Condos Below Builder Cost

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

Florida Real Estate Broker Cranewoods Realty hosts special event Oct. 24 – 26 to release the existing phase of the Cape Sound condominiums, a unique Amelia Island condo project, with select units available at bank minimum pricing – below builder cost. Andrew Howe, pressident of Cranewoods Development, announced that the three day sales event starts with a Realtor preview on October 24th followed by two days open to the general public on October 25th and 26th.

Amelia Island, FL (PRWEB) October 23, 2008 — Cranewoods Realty’s announced a special event to release the latest phase of residences at Cape Sound, new Amelia Island condos. The event begins Friday, October 24, with a private preview for the Realtor community. On Saturday and Sunday, October 25 and 26, the public is invited to join the release party festivities. 

According to Suzanne Cash, on-site Realtor for Cape Sound, both the family-friendly event and the units’ low pricing are unprecedented. “This is an incredible opportunity to purchase an Amelia Island condo at close out pricing — below the builder’s cost and at bank minimums,” she said. 

In addition to the release of the latest phase of the community, which includes the property’s most desirable units on the lake, the project developer also announced that select residences in Cape Sound’s first two phases are available at new close-out prices below builder cost for buyers and investors seeking value in Amelia Island real estate.  Read more →

Florida Real Estate Developer Receives Commendation For Work To Save Species Threatened With Extinction

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate News, Press Releases, Real Estate Development

Cranewoods Development President Andrew Howe was honored by the Humane Society as the first Florida real estate developer to forgo destruction of gopher tortoises in favor of a new community relocation policy to protect the threatened species on it’s oceanfront home project site in Ponce Inlet, Florida.

Ponce Inlet, FL (PRWEB) December 1, 2007 — Prospects are better for future generations of the Florida gopher tortoise, a threatened species facing the risk of extinction, thanks to the actions of Cranewoods Development, the first Florida real estate developer to abandon the State required “pay-and-bury” permit, and instead opt to use the new community relocation policy.

Florida state regulations in force at the time Cranewoods’ Florida luxury oceanfront home project, The Cottages at Ponce Inlet, began construction, required developers to obtain “pay-and-bury” permits that allowed gopher tortoises to be crushed and buried alive. Cranewoods chose to make an additional investment in saving the threatened species.

Using the new relocation program, project builder HCM Construction worked with community volunteers and the Humane Society Of The United States to relocate the tortoises to Nokuse Plantation, a 50,000-acre conservation wilderness. The tortoises saved at The Cottages of Ponce Inlet site, validated the feasibility of the new program by not only acclimating, but in the surest sign of success by reproducing a new generation of gopher tortoises. Read more →

NASCAR Track Commemorated in Ponce Inlet with Florida Real Estate Developer’s Help

in Florida Real Estate, Florida Real Estate Development, Press Releases

Ponce Inlet recently celebrated when a marker was unveiled by the town at the South Turn of the beach race course where the first NASCAR-sanctioned race was held in 1948 — a ceremony supported by Andrew Howe, president of the Florida real estate developer Cranewoods Development.

Ponce Inlet, Fla. (PRWEB) November 29, 2007 — Andrew Howe, president of Florida real estate development company Cranewoods Development recently helped Ponce Inlet commemorate NASCAR’s untamed beach-racing era of the 1940s and its pioneering drivers when the town unveiled a historic marker at the site of the famed beach course South Turn. Drivers started their harrowing drive up Ponce Inlet beach from this spot, with the Atlantic Ocean as the right boundary and the dunes of Ponce Inlet as the left. 

Long before the days of restrictor plates and roof flaps, beach racing here was the scene of spectacular crashes, with hoods flying open mid-race and drivers blinded by salt spray and sand. The course was the scene of some of racing’s greatest images and wildest rides until the opening of The Daytona International Speedway in 1958. More than 50 years later, the South Turn is the more peaceful home to a luxury Florida oceanfront home development, which is under construction and overlooks the historic turn. Several legendary veterans of the course attended the ceremony, recounting hazards of beach racing, spectacular crashes, dodging seagulls and the colorful drivers who wrote the first chapters of NASCAR history. Read more →