Real estate companies, Related Group and BH Group, are partnering to deliver a luxury residential condominium project in Palm Coast, Fl. The venture will feature two towers with 128 oceanfront luxury residential condominium units across nearly seven acres directly on the Atlantic Ocean and within the Hammock Dunes Master Plan. The site is the last large parcel in the Master Plan. This project is touted to “redefine upscale living’’ in the area, while preserving the design elements of Hammock Dunes community.
The Hammock Dunes Club is a private ocean front-golf course community, with golf courses by Tom Fazio and Rees Jones. The community also has a private beach, as well as ocean and intercoastal views.
This deal represents a significant milestone in the ongoing real estate development boom within the Florida submarket. BH and Related plan to unveil more project details in the coming months.
This marks one of many high-profile development acquisitions between BH Group and Related Group. For example, there are several highly anticipated properties underway including The Residences at Six Fisher Island in Miami and the Ritz-Carlton Residences in West Palm Beach, Fl.
“BH Group is very excited to team up once again with our esteemed partner, Related Group in our first development in Hammock Dunes, Palm Coast, Florida. This is an unbelievable destination in Northeast Florida and we are committed to upholding the legacy of excellence associated with Hammock Dunes while bringing a new level of luxury to the area,” said Liat Toledano, co-founder of BH Group.
Photo Courtesy of Hammock Dunes Club