Oceanside Pompano Beach-New Luxury Building at Great Prices-

The Plaza at Oceanside in Pompano Beach is an outstanding luxury building that was built by WCI and hit by the worst possible economic conditions in 2007-2008.  WCI had its share of troubles, and the building sat unsold for about a year post completion.  In South Florida, several of these wonderful buildings, that remained unsold and unoccupied have been bought up by “Bulk Buyers” stepping in and buying either the entire building or a large number of units.  This has happened at the Caribbean in Miami Beach, Harbour House in Bal Harbour and other buildings as well.   As reported, WCI Communities has sold The Plaza at Oceanside in Pompano Beach to Hollywood developer Ari Pearl and his partner, New York-based The Chetrit Group , for $38.5 million.  While WCI was under Chapter 11, potential buyer’s were of course concerned about the future of the project and so the building sat primarily empty.  With new owners, great location, attractive pricing and outstanding amenities, this project presents a very attractive buying opportunity.

I have been watching and keeping tabs on this building, and I am delighted to hear that it now has the stability it deserves.

The Plaza at Oceanside is across the street from the ocean directly on the intracoastal.  There are units available with intracoastal views and units available with ocean views as well.  All units are either 2 bedroom, 2 bedrooms plus a den or 3 bedrooms and they run from 1441 square feet to over 4900 for the penthouse.  I have the original price list when sales were first offered. At that time prices per square foot were around $800.   Today, opportunities are at a fraction of the original asking prices.

The building has a total of 186 units and they are already about 27% sold.  Maintenance fees have been reduced to $0.45 per square foot as well.

The lobby and common areas are adorned with modern art everywhere.  The interiors were designed by Steven G.

An outstanding feature about this building is the incredible amenities offered.  They have many rooms for the residents to appeal to a variety of past times.    There is a wine room with wine lockers for the owners, news room with a  stock market ticker, theatre room, golf simulator,  fully equipped gym, internet room set up with lap top tables and private rooms, teen room, infant room and much more.

Floor plans are spacious and kitchens and baths are nicely appointed. Contact me for floor plans, prices and further details.

Susan Reiter (954) 632 3266

susan@blogsouthflorida.com

Intracoastal and Pool

Full appointed kitchens with fine appliances

News Room-The Plaza at Oceanside Pompano Beach

Theatre-The Plaza at Oceanside Pompano Beach

Fully Equipped Gym-The Plaza at Oceanside Pompano Beach

Expansive Pool-The Plaza at Oceanside Pompano Beach

Game Room and Residents Lounge-The Plaza at Oceanside Pompano Beach

Wine LockersThe Plaza at Oceanside Pompano Beach

Indoor Golf Simulator -The Plaza at Oceanside Pompano Beach

Teen Room-The Plaza at Oceanside Pompano Beach

On-Line Internet Room-The Plaza at Oceanside Pompano Beach

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