Hamptons PBG, L.P., a joint venture of ZOM Florida and Northwestern Mutual, recently commenced construction on a 224-device luxurious apartment rental local community in Palm Seaside County Florida. Recent Builders has been chosen as the standard contractor. Supplying the most expansive and reducing edge amenity bundle in the industry, The Hamptons at Palm Seashore Gardens is predicted to be finished by December 2013, with leasing starting up in Spring 2013. Positioned just minutes from the new Scripps Study Institute and the Jupiter campus of Florida Atlantic University, this new advancement is preferably located to just take advantage of the increasing multifamily rental industry in Palm Seashore County.
The 22.7 acre site offers an best minimal density setting for twenty five two-story structures and two a few-tale buildings in a community placing. The project is modeled soon after ZOMs profitable Hamptons and Arbors fashion merchandise. With a customized mix of each, the Hamptons will be housed in the two-tale structure, with only six apartment houses for every constructing, and will seem and purpose comparable to a one-household residence, with focused ground floor entryways and direct accessibility garages. The Arbors models are designed in a 3-tale structure, with breezeway accessibility garages. The a lot more traditionally sized one particular- and two-bed room Arbors units will have superior view orientations of the lake. The undertaking will also attribute a lavish clubhouse with resort design pool, health and fitness heart, e-lounge, and pet salon. All highlighted by a central 2.five acre lake with going for walks trail, as effectively as a perimeter character protect. ZRS Management, LLC has been retained to provide house administration solutions for the project.
We think this exclusive, higher-complete merchandise will be in higher demand from customers in the north Palm Seaside market place, and that Northwestern Mutuals policyowners will gain from the long-phrase value we are creating in our undertaking with the ZOM team, stated Felix Figueroa, Director for Northwestern Mutual True Estate Investments.
ZOM is a single of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or straight designed in excess of eleven,000 condominium models nationwide, with an mixture value in surplus of $ one.five billion. All through its thirty calendar year background, ZOM has garnered a lot more than a hundred sector awards which includes recognition for project design and improvement expertise. ZOM was awarded the extremely coveted Pillars of the Market award by the National Affiliation of Homebuilders for building the Ideal Garden Apartment Group in 2010. ZOM is headquartered in Orlando and has regional improvement places of work in Fort Lauderdale, Dallas, and Washington D.C. For a lot more info on ZOMs multifamily portfolio, pay a visit to http://www.zomusa.com.
Northwestern Mutual has served clients achieve monetary security for more than 150 years. As a mutual business with above $ 1 trillion of daily life insurance coverage protection in pressure, Northwestern Mutual seeks to share its gains with policyowners and deliver constant and trusted benefit to clientele in excess of time. Northwestern Mutual is one particular of the largest true estate buyers in the country, with investments in commercial mortgages, equities and securitized investments throughout all significant property kinds, and with real estate pros offering origination, underwriting, and services in regional offices throughout the country. Remember to pay a visit to http://www.northwesternmutualrealestate.com for more information about Northwestern Mutuals true estate investing.