Ocean Land Investments
Ocean Land Investments is a Florida-based real estate developer. The company was based in Boca Raton, and is now based in Fort Lauderdale.
History[edit]
The CEO of the company is Jean Francois Roy, who moved to Florida from Quebec, Canada during the 1980s,[1] where he was involved in the development of retirement homes. He started Ocean Land Investments,[2] developing residential buildings in Florida.[3] Starting in the 1990s, the company began to acquire several oceanfront commercial buildings, residential buildings, as well as other underused sites, in order to redevelop them into high-rise residential buildings or resell them to other condo developers.[2] Many of the properties are from the 1950s and 1960s, which are acquired for infill development.[4] They also co-developed the Trump Hollywood condominiums in Hollywood Beach,[5][6][7] Aquazul,[4] and the Ritz-Carlton Residences of Singer Island.[2]
Developments[edit]
In 2005, Ocean Land began the process of purchasing the community of Briny Breezes, Florida,[8] offering one million dollars per resident[9] ($510 million in total)[10] and the overall community twelve times its appraised value.[11] Ocean Land attempted to acquire the land in order to develop a large scale mixed-use commercial and residential complex.[12][13] Ocean Land Investments is also the developer of the “Aqua” branded residential buildings, including AquaVita,[14][15] AquaLuna,[16][17] AquaVue,[18][19][20] AquaBlu,[21] and AquaMar.[22][23] Starting in 2013, the company had a policy of developing properties that disallowed smoking in privately owned units, rather than only barring smoking in public areas.[24] In 2015, Ocean Land acquired the 920 Intracoastal Co-op Association for five times the market value of the units in order to redevelop the property to develop the AquaBlu property as well.[25] Ocean Land has continued to pursue bulk purchases of 1950s condominium complexes for further redevelopment projects.[26]
References[edit]
- ↑ Heather Carney. "Ocean Land Properties President Jean Francois Roy Talks About His Vision For Fort Lauderdale". Fort Lauderdale Daily.
- ↑ 2.0 2.1 2.2 Martha Brannigan. "'Bargains' at $1 Million a Unit?". Florida Trend.
- ↑ Brian Bandell (September 30, 2015). "Condo Developer Buys Waterfront Site in Fort Lauderdale". South Florida Business Journal.
- ↑ 4.0 4.1 "TRENDING: Developers Turning To Smaller Scale Redevelopment Projects". CRE.
- ↑ Alex Finkelstein (August 24, 2009). "Perez and Trump Jr. Pitch Sales for $355M Trump Hollywood Condos". World Property Journal.
- ↑ Owers, Paul. "More condos planned for Las Olas Isles". Orlando Sun Sentinel.
- ↑ Alexandra Clough (February 20, 2017). "Trump and Related Group: The story behind Trump Tower Palm Beach". Palm Beach Post.
- ↑ B. Benson (2010). Property Rights: Eminent Domain and Regulatory Takings Re-Examined. Springer. p. 21. Search this book on
- ↑ Yvon Laprade (October 17, 2007). "Floride: Jean-François Roy veut acheter 2000 unités de condo" (in French). Le Journal de Montréal.CS1 maint: Unrecognized language (link)
- ↑ Stephen Gandel (February 5, 2007). "A $510 million trailer park cashes out". Fortune Magazine.
- ↑ Mark Clothier (February 25, 2006). "Boom brings promise of big bucks, bitterness to Briny Breezes". The Seattle Times.
- ↑ Ushma Patel (October 11, 2006). "Boca's Ocean Land Says It's Finalist To Buy Briny Breezes". Orlando Sun Sentinel.
- ↑ Dany Doucet (June 15, 2009). "Un Québécois qui devait faire 488 millionnaires" (in French). Journal de Montréal.CS1 maint: Unrecognized language (link)
- ↑ Heather Carney (February 25, 2016). "How The Man Behind The AquaVita Property Built His Reputation As A Well-Respected And Compassionate Developer". Boca Life Magazine.
- ↑ Christopher Cameron (17 September 2014). "AquaVita tops off in East Las Olas Isles". The Real Deal.
- ↑ Josh Baumgard (December 21, 2016). "AquaLuna in Fort Lauderdale is complete, sold out". Miami Curbed.
- ↑ "AquaLuna condo in Lauderdale finished, sold out". The Real Deal. 24 December 2016.
- ↑ Melissa C. Gillespie (April–May 2016). "In the Lap of Luxury - The latest in oceanfront real estate developments and resorts from Hawaii to the Mediterranean". Ocean Home Magazine.CS1 maint: Date format (link)
- ↑ Paul Owens (January 22, 2016). "More condos planned for Las Olas Isles". Orlando Sun-Sentinel.
- ↑ Ina Cordle (13 January 2016). "AquaVue launches in Fort Lauderdale, developer's son takes lead". The Real Deal.
- ↑ Josh Baumgard (18 July 2016). "AquaBlu in Fort Lauderdale Surpasses 50 Percent Sold". Miami Curbed.
- ↑ Katherine Kallergis (22 April 2016). "Happy Earth Day: A look at South Florida's greener projects". The Real Deal.
- ↑ Josh Baumgard (June 28, 2016). "Tour the Newly Finished AquaVita Las Olas". Miami Curbed.
- ↑ Paul Owens (March 24, 2015). "Fourth smoke-free condo planned in Fort Lauderdale". Orlando Sun-Sentinel.
- ↑ Friedman, Robyn A. (24 November 2015). "In South Florida, More Builders Buy in Bulk". The Wall Street Journal – via www.wsj.com.
- ↑ Francisco Alvarado. "The big payoff for condo owners". The Real Deal.
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