Well it's official - Jorge Perez's development group has received final approval to build Beachwalk, a $100-million, 31-story condo-hotel complex on the Intracoastal Waterway. The building will contain 216 two-bedroom condo-hotel suites, 84 residential units, a 1,225-square-foot restaurant and a five-story parking garage.
The Hallandale Commissioners also approved Perez's development of a park on the with restaurant and concessions on a city-owned oceanfront property.
Condo-hotels have been the subject of short sales and foreclosures over the last couple of years so you might be surprised that Perez is going in this direction. However, with financing nearly non-existent for this type of property, all purchases should be in cash.
Perez is a visionary, always ahead of the pack. Let's keep an eye on this project because I imagine sales will be brisk.
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