The "NEW" 188th Street.
08-13-2008, 03:00 PM
#12
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Artech? They have quite a few lawsuits against them from people who don't want to close. They have been having problems for months. The building looks good, but it is not the highest quality inside. The location is NOT worth over a million bucks. It's down an over built concrete jungle street, with that other disaster ,Marina Lofts, right across the street. You have a school right down the street. Traffic gets horrendous there. Most people who put deposits down on the place, did so at the top of the market. They could not get near a million bucks for their condos now. Thats why the lawsuits. From what I hear, they have many more than 27 units left. I never believe the developers numbers. For the money, there are many better locations to choose from. Half the units in Aventura are either for sale, or being forclosed on. Maintenance and assessments are becoming out of sight.
My Opinion...Not.
My Opinion...Not.
08-13-2008, 03:21 PM
#15
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08-13-2008, 03:37 PM
#17
OSO OG
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Artech? They have quite a few lawsuits against them from people who don't want to close. They have been having problems for months. The building looks good, but it is not the highest quality inside. The location is NOT worth over a million bucks. It's down an over built concrete jungle street, with that other disaster ,Marina Lofts, right across the street. You have a school right down the street. Traffic gets horrendous there. Most people who put deposits down on the place, did so at the top of the market. They could not get near a million bucks for their condos now. Thats why the lawsuits. From what I hear, they have many more than 27 units left. I never believe the developers numbers. For the money, there are many better locations to choose from. Half the units in Aventura are either for sale, or being forclosed on. Maintenance and assessments are becoming out of sight.
My Opinion...Not.
My Opinion...Not.
08-13-2008, 03:38 PM
#18
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That was the original gimmick to sell the place......build it to look like a boat....and they would have two Italian yachts on the site. When you bought a unit, you would also have the right for fractionalized use of the yacht at certain pre-arranged times of the year....like a time share. Alleviates the hassle and expense of owning your own boat.....geared to the international buyer.......Now???? Just another struggling, overpriced South Florida Condo development. Hell, ALL developments look awsome in their adds and on their websites.
08-13-2008, 04:33 PM
#19
That was the original gimmick to sell the place......build it to look like a boat....and they would have two Italian yachts on the site. When you bought a unit, you would also have the right for fractionalized use of the yacht at certain pre-arranged times of the year....like a time share. Alleviates the hassle and expense of owning your own boat.....geared to the international buyer.......Now???? Just another struggling, overpriced South Florida Condo development. Hell, ALL developments look awsome in their adds and on their websites.
08-13-2008, 05:06 PM
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I called a prominent broker in the Aventura area who knows the building and some of the clients well. He told me that many of the things the developer promised didn't materialize. Clients do not want to close. The units are about $400, to $500 thousand dollars overpriced for the area, and the quality of the building itself is poor.
