South Florida: Grande Club and Residences - Phase 3 (EQT)
Phase 3 of The Grande Club and Residences comprises a 360 unit residential development on 27.70 acres in a major metropolitan area in South Florida. It is part of the master planned Grande Club and Residences, featuring a total development of 694 residential units, a hotel, a convention center, and the celebrity branded Grande Tennis Center.
This offering is for Phase 3 of the Grande Club and Residences development. Phase 3 is scheduled in two stages (3A–3B). The construction schedule consists of a residential program totaling 325 units on 22.70 acres. It comprises Phase 3A development of 250 multi-family rent apartments and Phase 3B development of 75 multi-family residential town homes.
About the master development: The Grande Club and Residences totals 64.85 acres and is designed to be a modern urban community next to the planned Town Center with shops, restaurants, cinemas, and other attractions. Located in the ever-growing real estate market near Palm Beach, Ft. Lauderdale, and Miami—international hubs for art, culture, and entertainment—this sustainable community will attract those seeking modern architecture and urban amenities. The multi-phase master plan includes a total of 694 residential units consisting of 250 apartments, 175 condominiums, 110 town homes, 75 tennis cottages, and 84 vacation residences. In addition, the development features a hotel (200 keys), a celebrity branded Grande Tennis Center with 18 tennis courts, a Club House, and a 13,000 sq. ft. Paradise Spa. Additional amenities include a waterfront park and a 15,000 sq. ft. Convention & Educational Center. A planned ten year expansion will provide a park deck, a second hotel of 160 keys, an additional 84 Vacation Club residences, and a Sports & Entertainment Arena with 1,000+ seats.
The Grande Tennis Center provides guests and community members the opportunity to access private, clinic and camp training designed by internationally renowned instructors with a training program featuring high-level techniques and an off-court evaluation and workout regimen.
The Grande Club supports the local city’s vision to establish a Town Center concept. The Grande Organization’s local partner has managed the entitlement process for the landowners. In 2010, the Development of Regional Impact (DRI) approval was applied for. In 2012, entitlements were secured for the overall development. The program for the site also provides open space, including greenways, water features, common area squares, and pedestrian paths throughout the project.
Accessibility: By Air: Three airports: (1) Miami International Airport (MIA)—Major US and international airlines with flights to Americas, Europe, Asia and Cuba. (2) Fort Lauderdale - Hollywood International Airport, in Broward County—serviced by Spirit Airlines, Allegiant Air, JetBlue Airways, and Southwest Airlines with focus on destinations in the Caribbean and Latin America. (3) Palm Beach International (PBI) airport. By Car: Highway connections—Interstate 9, Florida's Turnpike, Sawgrass Expressway. By Boat: Port Everglades (Broward County)—gateway for cruise vacations and international trade. Port Miami (Biscayne Bay)—highest touristic cruises’ traffic going to Bahamas and the Caribbean.
Highlights: The development area is a well-planned city with a unique environmental consciousness nestled between Miami and Palm Beach. Rated as one of the “Best Cities to Live in America” by Money Magazine and as one of the Top Ten Place to Live in Florida, the city supports a diverse, growing business community. The area provides casino access and upscale shopping and restaurants, and has received the “Award of Excellence” for its design standards by the Florida Chapter of the American Planning Association (FAPA). The Grande Club and the Grande Town Center area will be bustling with over 250 acres of LEED-certified businesses, upscale housing, hospitality, sports, entertainment facilities, and beautifully landscaped parks and greenways.
Tourism: The development location is situated in a perfect tourism hub. In short reach of the bustling cities and famous beaches of Miami, Fort Lauderdale, and Palm Beach, Grande Club will benefit from the up to 14 million tourists visiting the area annually. The combined 2014 tourism economic impact in the (2) adjacent counties of $17 billion enabled a strong hotel occupancy rate of 86% and 81%, with corresponding average daily rates of $162 and $201. The nearby international city, Miami, is a gateway to financial, business, and tourist markets in Latin America. South Beach, Art Basel, and Brickell Avenue have made Miami the metropolitan center of South Florida with music and art festivals and a recently developed Fashion District. A nearby casino features over 2,400 Vegas-style and bingo-style slot machines, and table games with 65 live tables including blackjack and baccarat.
Economy: South Florida regional population of 1.78 million in 2013 is estimated to increase to 1.83 million by 2020. With 63% of residents in the 18 to 64 age bracket, the workforce exceeds one million. The county is home to 810,000 housing units with an average value of $285,000, comprising 56% multi-family and 41% single-family residences. The median family income is $62,500, and the leading employment sectors are retail, health care, hospitality, and professional services. South Florida boasts a population of over 7 million residents, which influenced development site’s county to become a multi-faceted regional business leader and industrial center with an unemployment rate of 5% and recent job growth of 3.89%.
Tax: Based on income, property and other state and local tax collections, Florida ranks as the fifth lowest of US state taxes. Certain tax waivers are available based on job creation. Engineering-based, government approved tax benefit tools will be used to reduce current income tax liabilities by accelerated depreciation along with many other engineering studies to potentially enhance investor savings and returns.
Immigrant Investor Programs: Participation in offering may provide business investors with access to an investment country immigration investor program (i.e. EB5, CIP, Golden Visas). To obtain a safe haven residency or citizenship under business immigration, it is very important to establish “business ties” with that country. A passive investment, such as investing in a commercial or residential real estate development project which creates long-term employment may qualify the investor for a business immigration program.
Available Conversion Options:
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Following Rules apply :
|US Investors (US residents)||FOREIGN Investors (non-US residents)|
|Accredited: YES. Admitted for investment.||Accredited: Contact [email protected] to determine eligibility.|
|Non-Accredited: NO. Not admitted for investment.||Non-Accredited: Contact [email protected] to determine eligibility.|
Information on US Accreditation Rules.
GRANDEINVEST & THE GRANDE ORGANIZATION: GrandeInvest is an advanced technology based investment real estate platform offering financial participation in sports celebrity branded and international prime real estate worldwide. It is a product of The Grande Organization LLC (TGO) based in New York, New York. The Grande Organization markets and develops integrated luxury real estate, investments, and related branded sports amenities. The Grande Organization’s real estate portfolio includes Grande Club and Residences, Grande Residences, Grande Resort, Ocean Grande Resort, Harbour Grande, and Grande Mountain Villas. Its development focus is on properties in key metropolitan cities and waterfront destinations throughout the Americas, the Bahamas and the Caribbean, Asia, Australia, Great Britain, Europe, and the Middle East. Qualified investors can benefit from investments in mixed-use developments, hotels, retail, SPAs, restaurants, as well as residential and vacation properties.
LOCAL PARTNERS: Please register with GrandeInvest.com for full disclosure.
DEVELOPMENT TEAM: Planner: Herbert+Linhares Architects specializes in planning and residential architecture in South Florida and Latin America; Architect: FDG-USA: a full service planning and architectural design firm with international experience that is responsible for design management and construction administration. Construction: Moss & Associates is a US based construction management firm with offices and an active presence from Hawaii to the Caribbean. The firm focuses on landmark mixed-use and hospitality construction projects. Civil Engineering: George F. Young, founded in 1919, provides a team of technicians and specialists including Architects, Civil Engineers, Ecologists, GIS Professionals, Hydrographic Surveyors, Land and Urban Planners, Landscape Architects, and Real Estate Professionals. Craven Thompson & Associates: Combines the expertise of surveying, civil engineering, land planning, and landscape architecture to creatively solve the challenges of public and private clients. Founded over 50 years ago as a small surveying and civil engineering firm, it is regarded as one of the leading multi-disciplinary firms in South Florida. Sports Facilities Architects: Rossetti Architects, the nationally acclaimed sports architect that designed Sony, Palm Springs, Saddlebrook, and US Open/Arthur Ashe Tennis Stadiums. Tennis Operations: Peter Burwash International, which operates 70 tennis complexes worldwide at the top resorts and private clubs from the Caribbean to California, and from Singapore and Hong Kong to Europe and Dubai, will provide operational and staffing resources. PBI facilities are located at Four Seasons Resorts, Ritz Carlton Hotels, JW Marriott properties, and many other global luxury resorts and private clubs such as Badrutt’s Palace Hotel in St. Moritz, Switzerland.