SUNNY ISLES BEACH TO BECOME HOME TO MAJOR ATTRACTION

The Golan Team (786-271-1235) who have sold many oceanfront condos in Sunny Isles Beach and have watched this magnificent oceanfront City rise from two story motels to soaring 50+ story condominium sky scrapers will now enjoy watching a new kind of construction.

The City of Sunny Isles Beach has agreed to move ahead on a five story 100,000 square foot aquatic center tied to the Miami Seaquarium.

"It's an outstanding project to have in our city, to be able to have that sort of national-type of attraction," said Mayor Norman S. Edelcup.

The location of the new Seaquarium will be across from the St Tropez on Sunny Isles Blvd West (163rd Collins crossroad). The center will be built and funded by Arthur Hertz, chairman and CEO of Wometco Enterprises Inc. and owner/operator of the Seaquarium on Virginia Key, and Eduardo Castiñeira, president and CEO of Axioma3Architects. The Wometco Aquatic Center is to include a garage, restaurants, shops, two banquet halls and three-story aquarium where stingrays may be petted. The garage is to handle 140 to 150 cars and banquet halls are to accommodate 1,000.

The public-private partnership would make the city landlord to Wometco, which would fund construction. Project cost was not discussed, Mr. Edelcup said, but he's "sure it's a significant number." Currently the site has a small shopping plaza, which the City owns. The City does not plan on renewing the leases of the current Tenants to make way for this project.

The project is just in the design phase. It is due to be completed in 2013. As construction progresses, we will keep you updated with photos and comments.

This project fits in perfectly with the City's comprehensive plan for that area as it is pedestrian-friendly, is an educational process, family-oriented, includes banquet halls and is unique in South Florida.

For more more information on buying or selling opportunities in Sunny Isles Beach contact the Golan Team at 786-271-1235 or drop us an email at info@golanteam.com .

First Time Homebuyer Credit - The Golan Team (786-271-1235) shows you how to take advantage of it

This week The Golan Team (786-271-1235) worked with two First Time Homebuyers. They had a lot of questions regarding the first time homebuyer credit that is due to expire on April 30, 2010.

We thought if Buyers we are working with have these questions so to must a lot of Buyers out there.

Here is a terrific website that we hope will answer all your questions.

http://www.federalhousingtaxcredit.com/

Industry insiders are suggesting that the Home Buyer Tax Incentives will not be extended again when they expire at the end of April.

Remember that this credit not only applies to First Time Buyers but also for current owners if you meet certain guidelines.

If we can help you on your property search in Aventura, Sunny Isles Beach, Bal Harbour, Bay Harbor Islands. Surfside, Miami Beach, Hallandale or Hollywood area please do not hesitate to contact us at 786-271-1235, visit us on the web at http://www.golanteam.com/ or shoot us an email to info@golanteam.com

RELATED GROUP PULLS OUT OF TRUMP TOWERS IN SUNNY ISLES BEACH, FLORIDA

Related Group, one of the most prominent condo developers in South Florida has ended its relationship with the Dezer family and their project of Trump Towers located by the ocean between 158-160th Street and Collins Avenue.

Related Group and Jorge Perez at its helm helped shape the oceanfront skyline in Sunny Isles Beach when in 2001 they opened Ocean One at the Northern tip of Sunny Isles Beach followed shortly by Ocean Two, Ocean III and lastly Ocean IV. They joined forces with Michael and Gil Dezer who own a lot of the oceanfront land in the area and developed three more towers at the Southern end of Sunny Isles Beach which they called Trump Tower I, Trump Tower II and Trump Tower III. Each tower consists of 271 units and is 45 stories high. Units range from 1463-2928 sf under air and are 2-3 bedrooms. All feature Ocean or Intracoastal views (or both). The complex has 4 pools in total, spa and gym in every building and a restaurant in Trump Tower II services all three towers.

Related had a 50% share in TRG Sunny Isles VII, the company behind the oceanfront project, until Jan. 13 2010 when the Dezers took full control, according to the Florida Division of Corporations. In 2007, TRG Sunny Isles obtained a $345.7-million construction loan from Wachovia Bank, now owned by Wells Fargo. On Dec. 31, Wachovia modified the loan and extended its maturity date. A mortgage filed with Miami-Dade County did not disclose the due date.

Of the three Trump Towers, one tower is almost sold out, another has a substantial amount of units sold, and the third is vacant. The unit prices have dropped nearly 40% since pre-sales started five years ago and are now selling between $350-$400/ft. Original pricing was set at $650-$750/ft The units are delivered decorator ready (purchasers need to finish flooring, paint, install closet systems and window treatments).

"We have no comment other than to confirm we have satisfied The Related Group's lender obligations, and we have sold the two projects (Trump II and Trump III at Sunny Isles) to former partners in these developments," Betsy McCoy, Related's vice president and associate general counsel, said in an e-mail to the Daily Business Review

Related Group has been responsible for building over 50,000 units in South Florida. Most

notably they built Ocean I, II, III, IV in Sunny Isles Beach, Murano at Portofino, Icon South Beach and Apogee in Miami Beach, Icon Brickell (a project of 1500 condos that is also under financial stress and the Developer is currently negotiating to hand over the project to the Lenders on condition they can still continue to manage), 50 Biscayne, 900 Brickell, Loft Downtown in Miami, Beach Club I, II, III in Hallandale Beach and Trump Hollywood in Hollywood Beach.

Perez's personal net worth has also declined. He was ranked at No. 197 on the Forbes 400 list of the wealthiest people in 2006, when his net worth was estimated at $1.8 billion. Last year, he fell off the list when his net worth dipped below $900 million, according to Forbes.

All this overbuilding during the high. has left phenomenal Buying Opportunities available today.

Click info@golanteam.com to request an email of all available floorplans at Trump Towers or to send us an email so we can discuss the best pricing opportunities available for you. You can also reach us by phone to 786-271-1235.

Aventura Mall gets new competition with the Opening of the Village at Gulfstream Park

On Thursday February 11, 2010 the long anticipated opening of the Village at Gulfstream Park will fill the day with festivities and specials. Located just north of Aventura at the beginning of Hallandale Beach and US-1 is the planned project of Gulfstream Park. What originally began as a racetrack has evolved into a casino, shops and will eventually house 70+ restaurants. It will be a true mecca destination and the Developers have spent in excess of $245 million to build this palm filled outdoor mall that will feature nightclubs, restaurants, shops and of course a casino and their world famous Horse Racing course.

A ribbon cutting ceremony starts the day off at 10 am and all day there will be grand opening celebrations including a Latin infused carnival with music and parade at 6:30 p.m.

For a full list of stores and facilities click here: Gulfstream Directory

The Developers of this project are Forest City Enterprises and Magna Entertainment Corp. (MEC). They entered into a joint venture partnership agreement concerning the planned development of The Village at Gulfstream Park. Under the agreement with MEC, Forest City will manage the development of The Village at Gulfstream Park, secure financing for the project and act as the property manager. Each of Forest City and MEC will hold a 50% interest in the joint venture, which will lease the land underlying the retail project on a long-term basis from MEC. The total project size is 1,000,000 square feet and will feature a total of 750,000 square feet of retail space that will be built in phases. This phase consists of 410,000 sf of retail. There are also plans for 1500 residential units to be built and a 310,000 sf club house, 140,000 sf of office space and when completed the entire complex will have 7000 parking spaces.

If you have any questions or would like property information contact the Golan Team at 786-271-1235 or send us an email to info@golanteam.com

Turnberry Isle Condo 2 Bed 2 bath Aventura FL

The Golan Team (786-271-1235) proudly presents this wonderful well priced two bed two bath at Turnberry, in Aventura FL. Priced to sell at $379,000, this residence is located on the 7th floor with direct east views. Enjoy magnificent views of the Intracoastal, Golden Beach and the Atlantic Ocean.

This spacious 2 bed in almost 1700 sf and features a huge master suite with two walk in closets, large master bath and unlimited water views.

Check out the view



Even from the interior of the unit you can enjoy this stunning water views day or night.

Enjoy building ammenities such as movie theater, state of the art gym, party and card rooms, board room, swimming pool, cafe & more. To view more details on this listing click TURNBERRY NORTH 7F


Turnberry Isle is one of the original gated Intracoastal communities in Aventura. Conveniently located across from the 300 acre Fairmont Turnberry Golf Course, minutes from Aventura Mall and minutes from the Beach, this complex consists of 4 buildings and offers value, service, privacy and large and spacious residences. It is conveniently located within walking distances to Houses of Worship (Safra Synagogue, Young Israel, and others).

Units range from 1 bedroom to 4 bedroom with Intracoastal, Ocean and golf views.
To see current listings in all the buildings click below

Turnberry Isle North Tower

Turnberry Isle South Tower

Turnberry Isle Marina Tower

Turnberry Isle Towers

If you are interested in this property or any other in Aventura, Sunny Isles Beach, Bal Harbour, Miami Beach, Golden Beach, Hallandale or Hollywood send us an email to info@golanteam.com or call us at 786-271-1235.