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Friday, March 28, 2008

Peninsula II

There are many new condos that have been built in the City of Aventura. One of the most recent buildings to be occupied in Aventura is Peninsula II. This building is located at 3301 NE 183 Street, right next to Williams Island. The views from these condos are amazing - it overlooks the intracoastal and the ocean.

It's no surprise that the real estate market is changing. In addition to prices dropping, big shot developers are now struggling or looking for outs. Recently the South Florida Business Journal ran an artilce written by Brian Bandell and Oscar Pedro Musibay, titled Boca Developers negotiating with lenders.

Here's an excerpt from that article...READ MORE - BOCA DEVELOPERS

"Boca Developers is negotiating with its lenders to resolve debt issues on several projects that could include Peninsula II in Aventura, according to several sources.

As a result, Deerfield Beach-based Boca Developers may end up relinquishing several projects to the lender, the sources said.

The sales staff at Peninsula II has already been let go, a source said. A call to the number listed for the sales center was answered by a recording."

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