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Is He a Genius or Just Lucky?
It is final. Marina Grande on the Halifax, a 972-unit condo development in a sleepy Holly Hill with two of four Towers already in place, has a new owner, Swerdlow Group. The closing was today
Of all the groups bidding for this property, Swerdlow Group is the best for the future of Marina Grande on the Halifax, as they also own the land directly north of the existing two towers. This means that when the market gets warmer, and when they sell of 414 units, they will continue with two remaining towers.
Swerdlow Group was involved in developing Marina Grande on the Halifax. Eventually they sold their part to Boca Developers, and did it at the height of the market. I was asked today whether Brett Dill, President of Swerdlow Group, was a genius or was just lucky. I do not know, but I think he has to be both a genius and very lucky to sell 414 units in this market.
The rumor is that they will start with the main clubhouse and Las Vegas style pool to attract potential buyers. Also they will put the boat slips, as was initially planned.
Anyway, life is coming to Marina Grande on ... more

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