NEW RENTAL APARTMENT DEVELOPMENT ACTIVITY REPORT 1 st Quarter, 1998 April, 1998

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1 NEW RENTAL APARTMENT DEVELOPMENT ACTIVITY REPORT 1 st Quarter, 1998 April, 1998 Prepared By: Reinhold P. Wolff Economic Research, Inc. L. Keith White, President

2 NEW RENTAL DEVELOPMENTS UNDER CONSTRUCTION/LEASE-UP Total Units General Development Parameters Map Occupied Date Project Range Of Range Project Name/Location/Developer Code Planned Completed (1) Started Type Unit Types Sq. Ft. L/A Of Rents Pembroke Landings /95 Market 2 & 3 1,320 - $995 - N.W.C. Palm Ave. & Pembroke Rd. Rate 1,365 $1,130 Pembroke Pines (Pasadena Place) Groves at Turtle Run /95 Market 1, 2 & $825 - Sample Road Rate 1,482 $1,260 Coral Springs (The Finger Companies) Heather Glen /95 Market 1, 2 & $995 - S.W. 148th Ave. & S.W. 8th St. Rate 1,320 $1,290 Sunrise (Jennings Development Corp.) Sheridan /96 Market 1 & $ E. Sheridan St. Rate 1,070 $885 Dania (Base) (Trafalgar) Pembroke Cove /96 Market 1, 2 & $890 - Pines Blvd. & N.W. 136th Ave. Rate 1,330 $1,315 Pembroke Pines (American Land Management) The Falls of Pembroke /95 Market 1, 2 & $795 - S. of Flamingo Rd. N. of Pines Blvd. Rate 1,529 $1,275 Pembroke Pines (Base) (Taplin Development) Jefferson at Deer Creek /96 Market 1, 2 & $925 - B-UC - 1

3 NEW RENTAL DEVELOPMENTS UNDER CONSTRUCTION/LEASE-UP Total Units General Development Parameters Map Occupied Date Project Range Of Range Project Name/Location/Developer Code Planned Completed (1) Started Type Unit Types Sq. Ft. L/A Of Rents 451 Deer Creek Lakes Dr. Rate 1,427 $1,555 Deerfield Beach (JPI) (1) Number of units occupied represents the number of units absorbed to date. Note: Some information may intentionally Projects are removed from the listing when all units have been initially leased (absorbed). Source: Surveys of apartment developments and project managers by Reinhold P. Wolff Economic Research, Inc. B-UC - 2

4 NEW RENTAL DEVELOPMENTS PLANNED Preliminary Planned Expected Development Parameters Map Units Start Project Range Of Range Project Name/Location/Developer Code Planned Date Type Unit Types Sq. Ft. L/A Of Rents Riverwalk Tower /98 Market 1, 2 & $1,000 - Las Olas Blvd. & S.E. 2nd Ave. Rate 2,300 $2,800 Ft. Lauderdale (Prelim.) (Atlantic Gulf Communities) Praxis of Deerfield Beach III Late Tax 1 & $512 - N. Side S.W. 15th St. at S.W. 12th Ave Credit 725 $608 Deerfield Beach Elderly (Praxis of Deerfield Beach Ltd.) Country Lakes Apts /98 Market 1, 2 & 3 UNK UNK S.W.C. Miramar Parkway & I-75 Rate Miramar (Atlantic Gulf Communities) Regency Not Set Market 1, 2 & 3 UNK UNK S. Side Oakland Park Blvd., Rate W. of Florida Turnpike Sunrise Country Club Sunrise (American Land Mgmt.) Unnamed Not Set Market 1, 2 & 3 UNK UNK N.E.C. SR 84 and U.S. 441 Rate Davie (American Land Mgmt.) B-PL - 1

5 NEW RENTAL DEVELOPMENTS PLANNED Preliminary Planned Expected Development Parameters Map Units Start Project Range Of Range Project Name/Location/Developer Code Planned Date Type Unit Types Sq. Ft. L/A Of Rents Cross Keys /98 Market UNK UNK UNK S.W. 81St Ave. & Bailey Rd. Rate North Lauderdale (The Cornerstone Groups) Note: Some information may intentionally not be reported for confidentiality reasons. The location of projects plotted on the map are approximate. Source: Surveys of apartment developers and project managers by Reinhold P. Wolff Economic Research, Inc. B-PL - 2

6 ORDER FORM APARTMENT DEVELOPMENT ACTIVITY REPORT (Today s Date) Firm Name: Mailing Address: Phone: FAX: Person To Receive Report: Signature Of Person Ordering Report: Please Send The Following Report(s): Check One * One Quarter Annual Subscription PDF By Hard Copy By Mail PDF By Hard Copy By Mail One County $55.00 $60.00 $ $ Two Counties $90.00 $ $ $ Three Counties $ $ $ $ Check Which Counties Miami-Dade County Broward County Palm Beach County Please indicate which quarter you would like your subscription to start with: 1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter * If you purchased a report on a one time basis, you will be notified each quarter that the report is published so that you may advise us of your desire to receive report. ** Please enclose payment with order form to ensure prompt delivery. Mail To: Irene Ruiz Reinhold P. Wolff Economic Research, Inc NE 1 st Terrace, Suite 3 Oakland Park, FL Phone: FAX: rpwinc@bellsouth.net Reinhold P. Wolff Economic Research, Inc. Serving Florida Since 1961

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