Is He a Genius or Just Lucky?

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

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

OMarina Grande on the Halifaxf 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.

jon zolskyAnyway, life is coming to Marina Grande on the Halifax, a gorgeous condominium development by Seabreeze Bridge on the Intracoastal in sleepy Holly Hill.

Congratulations, Mr. Dill. 

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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Jon, I hope this is good news for Marina Grande on the Halifax, it sounds like it just might be. I am sure you will let us know!

Feb 08, 2011 04:23 PM #1
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Jenny Kotulak
RE/MAX Real Estate Centre Inc., Brokerage - Oakville, ON
Broker - Oakville Ontario Real Estate

Ah yes, nothing like some fresh dollar bills to breathe some life into a project.  This sounds very promising.  Great to see some good news coming from your way.

Feb 08, 2011 04:27 PM #2
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Jon, this sounds as if someone knew of a great opportunity and grabbed it.   Hope it works out well.

Feb 08, 2011 04:29 PM #3
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Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jon, lucky or a genius, not sure! lBut, ike you said probably both to sell 414 units in this market .. WOW

Feb 08, 2011 05:07 PM #4
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sounds like a smart group to me.  Sell it at the height for big bucks, buy it back near the bottom for pennies and then sell it again for more profit.  

Feb 08, 2011 11:57 PM #5
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Mike Saunders
Lanier Partners - Athens, GA

Jon - no matter how smart or talented, sometimes luck does play a big part, as does serendipity. Looks like a positive development for your market area.

Feb 09, 2011 02:57 AM #6
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices
Andrea- it is a welcome news Seeing a project like this going down the drain is too much I am awfully glad they are coming to the rescue
Feb 09, 2011 03:39 AM #7
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Jenny - Fresh dollars - love the phrase
Feb 09, 2011 03:40 AM #8
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Michael- knowing was not a problem I knew. Coming up with tens of millions of dollars was tough, though
Feb 09, 2011 03:42 AM #9
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Jon, I will take genius and lucky any day as long as something moves and goes forward. Great writeup.

Feb 09, 2011 08:06 AM #10
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Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
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Jon - Looks like something to follow.  It appears that some movement ... any movement ... that causes some stability in any market is a welcome event!  Keep us posted ... positive is always better!  Thanks ...

Feb 09, 2011 01:09 PM #11
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William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

So this has finally come to a close. At last, some peace! For someone...at least...

Feb 09, 2011 02:25 PM #12
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Rebecca - exactly. And I think he knows what he is doing, so I would hope that heis b oth a genius and a lucky guy

Feb 09, 2011 11:37 PM #13
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Gabe - I think what happened was that they did not do very well with the partner, and left. I still think that this was not a plan and not the crystal ball in thier hands.

Niut it is nice to think so.

Now, their goal is more than reselling a better price, but finishing the development, wich is great for the area.

Feb 09, 2011 11:39 PM #14
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