Latest news with #luxuryapartments
Daily Mail
6 days ago
- Business
- Daily Mail
Outrage as seniors are 'kicked out' of their homes in retirement mecca to make way for luxury housing boom
A senior living facility in Florida is under fire for 'evicting' elderly residents to secretly make way for upscale luxury apartments as the infamous retirement hot spot undergoes a baby boom transformation. Oasis Living Quarters, a senior care facility in Fort Lauderdale, came under intense scrutiny in March after allegedly telling some of its 180 residents they'd have to leave their homes without giving proper notice or obtaining the correct permits, Local 10 News reported. The facility is now facing massive fines after a building inspector discovered construction he described as being 'much like hotel rooms' while many of the seniors are still living at the facility. City officials are slapping Oasis with $1000 daily fines for 'unpermitted construction' - work they claim is a covert effort to capitalize on demand for luxury housing in sun-soaked Fort Lauderdale. In a city long considered a paradise for retirees, a wave of anger and disbelief has been rising among residents and their families, many of whom are elderly and need extra care. 'It's heart-wrenching,' Jim Woods, whose mother was forced out of the facility in April, told CBS News. 'Some residents don't know what's going on.' On March 5, Oasis residents were summoned to an emergency meeting where management abruptly informed them that they had until the end of the month to vacate. The change left many feeling 'blindsided' and unprepared for such a sudden upheaval, with families demanding answers from building management. 'We are all depressed,' Alonso and Patseta Lawhorn, who have lived at the Oasis facility for more than eight years, told NBC Miami News in March. 'Some people had to go to the hospital and some people got sick,' they added. 'I suffer from hypertension and I have one kidney and my spleen is out and my husband suffers from PTSD, and everybody is all stressed and sick.' According to residents, all units of the facility - Independent Living, Assisted Living and the Memory Care Unit - were impacted in the mass move. 'We have to move out because they are dismantling the memory care unit,' Steven DeLeon, whose 83-year-old family member lives there, told NBC. Milton Amengual, whose 94-year-old mother had only moved into the facility three months prior to the 'mandatory' meeting, also joined other families grappling with the shock. 'My mother is nervous. She hasn't slept in a few days just thinking about the fact that she has to move,' Amengual told Local 10. According to Oasis, the move was because the facility would be undergoing renovations to 'enhance the overall experience' (pictured: letter from Oasis management about renovations) 'She at first thought she did something wrong - but I said, no you didn't do anything wrong.' According to Oasis, the move was because the facility would be undergoing renovations to 'enhance the overall experience'. However, just days later, moving trucks and vans were already filling the facility's parking lot, concealing torn-out drywall and beginning to remodel units - all while residents were still in the process of finding new homes. Last month, Fort Lauderdale building inspector Andrew Gebbia visited the facility in response to multiple complaints about the treatment of elderly residents. During that visit, he uncovered unpermitted construction tied to the controversial conversion into Waterview Rental, prompting a scathing 30-page report that outlined dozens of violations. The work, Gebbia explained, involved the 'replacement of kitchenettes, structural plumbing and electrical, and replacement of split-unit ACs', as reported by Local 10. 'As I walked through the building, I observed renovations being done in a number of rooms, much like hotel rooms,' Gebbia said, Local 10 reported. 'There were no permits issued for this work, so I issued a stop work order, left it on the counter in the main entrance,' he added. The released state inspection report detailed a series of unusual exchanges between inspector Gebbia and Oasis administrator Steven Gottlieb, raising further questions about the facility's conduct. While Gebbia accused the facility of kicking out residents while secretly converting the complex into luxury apartments, Gottlieb denied that any evictions had taken place, as reported by the outlet. Instead, the administrator blamed the departure of residents since the inspector's last visit to natural deaths and rude nursing staff, rather than any forced evictions. Also last month, Oasis was hit with a court injunction over the alleged evictions, after a civil court judge sided with a grieving attorney who had been advocating for the vulnerable seniors, as reported by Local 10 News. On April 2, Broward County Circuit Judge William W. Haury, Jr. issued a court order requiring Oasis to stop evicting residents. The facility's attorneys requested that he overturn the order - which he didn't. Oasis was also facing citations from the Florida Agency for Healthcare Administration for violating rules meant to protect residents. On Tuesday, it was announced that the senior living facility will now be fined $1,000 a day by the city if they don't come into compliance within 15 days. 'To me, this is why I'm so aggressive with this particular case,' Fort Lauderdale Building Committee Vice Chair Donald Karney III said during a meeting Tuesday morning, Local 10 reported. 'They've done these people extremely dirty and that's why I'm being such a stick in the mud about it.' Karney also declared that he's 'going after big money for the city and giving them the same amount of time they gave these poor old people to get out of their places they call homes'. With just 15 days to comply, many believe Oasis has no realistic chance of meeting the deadline, which could mean mounting fines soaring into the tens of thousands - potentially exceeding $100,000, the outlet reported. Notably, the Oasis administrator skipped Tuesday's meeting, but members are demanding his presence at the next one scheduled for July 22. Oasis Living Quarters management did not immediately respond to for comment. Fort Lauderdale, commonly known as a hub for retirees, is now appealing to young families as the city is witnessing a massive baby boom transformation. According to the Downtown Development Authority's recent annual report, there has been an 83 percent increase in families with kids since 2018. In the past five years, there has been a 47 percent increase in families with children under five years old migrating to the sunny area. New data also suggests that families have chosen to flock to the downtown area because of its $10 million infrastructure expansio n, including the renovation of Huizenga Park and its enhanced dining scene. Young families have also found that the area is a bit cheaper than that of nearby West Palm Beach or Miami, where the average rent is $3,000 a month, compared to $2621 in downtown Fort Lauderdale.
News.com.au
6 days ago
- Business
- News.com.au
The Rocks Sirius penthouse for sale for $45m to $50m
Iconic for its landmark location and brutalist architecture, Sirius, made headlines after being transformed from a government housing estate into a $585m 76-unit luxury apartment project with arguably the best view in Sydney. The crowning penthouse made an appearance last year with $45m to $50m price hopes, but never found its deep-pocketed buyer. It has now resurfaced with a similar asking price, a new agent, and a revitalised interior offering. 'We've invigorated the apartment with new furniture, artwork, and added some extra luxury items,' said Steven Chen of The Agency, who has co-listed the penthouse with colleague Luke Hayes. The pair have a handful more to sell in the building. The penthouse's owner has been reported as former Macquarie banker Jean-Dominique Hugh of developer JDH Capital, which brought the building back in 2019 from the State Government for $150m. It had been an in-house off-the-plan deal for a rumoured $35m. More than a simple reshuffle of staged furniture, the sky-high home comes with an updated $500,000 furniture package including soft furnishings, art and designer clothing curated by Jack Freeman of Cohen Freeman. The home's interiors were crafted by London-based guru, Kelly Hoppen. 'It's never been lived in and comes fully turnkey, with about half a million dollars worth of bespoke brand new furniture and hand-picked artwork. So it's a very elevated, world class level of finish,' Chen said. While the inside of the 430sq m four-bedroom, five-bathroom penthouse is impressive, the enviable view is the home's wow factor, according to Chen. 'You can look at the beautiful photos, but when you're actually there you realise that Sydney Harbour is such an incredible world stage. It's probably the closest point you'll get in a new building with the Harbour Bridge and Opera House right in front of you. The view is absolutely stunning. Especially at the moment with all the lights from Vivid,' he said. 'In my job I see Sydney Harbour every day, but this is just spectacular from its unique vantage point.' Despite the apartment not securing a buyer in 2024, Chen said the moment is right for the prestige penthouse. 'It's the perfect timing for a relaunch. The holidays have passed and the election has finished. 'We're seeing a lot of interstate clients looking for turnkey lock up and leave homes. 'There's interest from Melbourne, Adelaide and Brisbane. Even international permanent residency clients have resurfaced in a big way since we launched a week ago.' The Sirius penthouse at 38 Cumberland St features 40sq m of outdoor entertaining space including a private pool, a custom-made kitchen with hand-selected joinery and marble, as well as Wolf and Sub-Zero appliances, ensuites to all four bedrooms, plus a primary suite with its own lounge room, study, steam shower bathroom and walk-in wardrobe. There are also two living rooms, an internal elevator, custom stucco walls, a private entry lobby, two separate entry doors, and secure parking for three cars. Sirius has a 24/7 concierge service, a five-star gym, heated swimming pool and sauna, a sophisticated residents' lounge and meeting room.
Zawya
27-05-2025
- Business
- Zawya
Amwaj Beachfront appoints Ahmed Khalfan as new Chief Executive Officer
The company aims to drive significant value appreciation for residences and stakeholders alike MANAMA, BAHRAIN - Amwaj Beachfront, an award-winning multi-use development project in Amwaj Island, announced the appointment of Ahmed Khalifa Khalfan as its new Chief Executive Officer. The developments components include luxury residential apartments, beachfront townhouses, and retail units across 33,391 sqm of waterfront space. The project boasts 400 meters of pristine beach space with state of the art amenities. Located at the forefront of Amwaj Island, The luxury development will provide residents with a prime location connected directly to the new Muharraq ring road, positioning it minutes away from the Kingdoms' key landmarks. Its close proximity to entertainment, shopping outlets, hotels, and marinas makes it a key residential address. Khalfan joins Amwaj Beachfront bringing with him 25 years of extensive experience in real estate sales, marketing and business development, drawing on his background as a Fulbright Scholar, with an MBA in Marketing and an ACIM qualification from the Chartered Institute of Marketing. "We are thrilled to welcome Ahmed Khalfan as the new CEO of Amwaj Beachfront," said Majed Al Khan, Chairman of Amwaj Beachfront. "This strategic direction reflects our commitment to transforming this project into a vibrant, world-class hub that enhances everyday living. By using our expertise and relationships with esteemed international brands and operators we are focused on delivering an elevated product and premier lifestyle destination, expanding our portfolio and reinforcing our position as a leading developer of transformative destinations." 'I am honored to join the exceptional team at Amwaj Beachfront,' states Khalfan. 'Our aim is to create an upscale community that not only offers an unparalleled living experience but adds value while driving sustainable growth and value for our stakeholders. With the support of our expert team, I am confident in delivering a world class destination, and highly anticipate working with our partners to realise this vision.' About Amwaj Beachfront Amwaj Beachfront is a leading developer and operator of luxury beachfront properties across the Middle East. Founded in 2008, the company's portfolio includes award-winning resorts, residential developments, and mixed-use properties that combine world-class amenities with stunning coastal locations. Committed to sustainable development and authentic guest experiences, Amwaj Beachfront continues to set the benchmark for luxury coastal living in the region. Contact Information Media Relations Department Amwaj Beachfront media@
Yahoo
24-05-2025
- Business
- Yahoo
This Luxury NYC Apartment Building Actually Pays Tenants To Throw Parties In Their Homes, But There's A Catch
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Landlords are famous for telling new tenants they can't host loud parties. If you like to entertain, and the "no party" rule has always stuck in your craw, you may want to consider living in New York's Brooklyn Crossing. The owners of this luxury apartment building not only allow you to throw parties on the premises, but they will even pay you to do it, but there's a catch. Brooklyn Crossing is a 51-story, 858-unit luxury apartment community in the Prospect Heights neighborhood. According to Newsweek, the property is managed by the Brodsky Organization. This isn't the first management group to encourage an active social life among its tenants, but they're taking the concept to another level. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Brodsky already features a variety of social activities like Yoga classes, group outings, and music events for children. However, they also offer a "neighborly events" program that gives tenants Visa gift cards valued at up to $500 as reimbursement for hosting gatherings at Brooklyn Crossing. As you might imagine, it's not a blank check, and tenants must meet several criteria to be eligible for the payout. A Newsweek profile listed the paid requirements. First, the events must be "for Brodsky residents only." Non-residents can't participate, and residents must get approval from building management and the Brodsky Neighbors Events Team before throwing the party. Approval requests must be submitted at least two weeks before the event date. Second, the host must document the event on the community's private message board by posting photos from the party. Party hosts must also provide receipts for all party-related expenses. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — On the surface, it's an unorthodox approach, but it actually makes a lot of sense. Although New York has an estimated eight million residents, the hustle and bustle of everyday life can leave many residents feeling disconnected. This is especially true in large apartment communities like Brooklyn Crossing, where even tenants who live on the same floor may have trouble making meaningful connections with each other. If, on the other hand, they can come together and create a sense of community amongst themselves, Brooklyn Crossing residents may be less likely to move out. There is no shortage of luxury real estate options in the city, and every developer is looking for a way to stand out from the crowd. The presence of an internal community could help Brooklyn Crossing stand out from the crowd and improve resident retention. This is a brand-new apartment community, which means the investors will be very motivated to get the building filled and keep it filled. Nothing hurts multifamily real estate investment returns more than vacancy loss. If the Brodsky Organization's plan works, you might see more luxury buildings paying you to host your next soirée. Read Next: This Jeff Bezos-backed startup will allow you to . Invest Where It Hurts — And Help Millions Heal: Image: Shutterstock Send To MSN: 0 This article This Luxury NYC Apartment Building Actually Pays Tenants To Throw Parties In Their Homes, But There's A Catch originally appeared on
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Toll Brothers Apartment Living® and Canyon Partners Real Estate Announce the Grand Opening of Navona, a New Luxury Apartment Community in Mesa, Arizona
MESA, Ariz., May 22, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living ®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with Canyon Partners Real Estate, announces the grand opening of Navona, a new luxury apartment community in Mesa, Arizona. Located at 10141 East Williams Field Road in Mesa, Navona was financed with a $78 million construction loan from Bank OZK and welcomed its first residents in December 2024. The community marked its grand opening this month with a ribbon cutting celebration with project partners, residents, and guests. 'Navona reflects our commitment to delivering exceptional living experiences in the most desirable markets,' said John McCullough, President of Toll Brothers Apartment Living. 'Mesa is one of the fastest-growing submarkets in the Phoenix metropolitan area, driven by strong economic growth and a dynamic mix of lifestyle offerings. We're proud to introduce a community that meets the demands of the market with the quality, luxury, and thoughtful design for which Toll Brothers Apartment Living is known.' Navona offers 400 one-, two-, and three-bedroom apartments and townhomes, featuring open-concept floor plans with high-end finishes and modern conveniences. Each residence has quartz countertops, stainless steel appliances, kitchen islands with designer pendant lighting, and flat panel cabinetry with under-cabinet lighting. Additional features include multi-speed lighted ceiling fans and smart home technology, including keyless entry and programmable thermostats. Select residences offer built-in work-from-home spaces and private patios or balconies. The community's resort-style amenities were designed with connection, wellness, and relaxation in mind. The expansive outdoor amenity offerings include a resort-style pool, a wading pool, a spa, and elegant cabanas. Residents can enjoy two pickleball courts, bocce ball, a putting green, a sand volleyball court, a three-quarter-mile jogging trail, and an entertainment pavilion with an outdoor kitchen, a pizza oven, and games. Indoors, Navona offers a distinctive clubroom with a poker table and billiards, a private dining room, a social café with beverage taps, a sports lounge with an interactive simulator, a coworking lounge, and a 24/7 micro market. The immense indoor/outdoor fitness center features state-of-the-art equipment and spin and yoga studios. Additional amenities include a maker space for creative pursuits, two dog parks and a pet spa, and numerous multifunctional lawns throughout the community. 'Navona's location places residents at the heart of everything that makes the East Valley so desirable, and our intent was to significantly raise the bar on what a new apartment community could offer in this vibrant area,' said Todd Bowden, Managing Director of Toll Brothers Apartment Living in the Southwest & Mountain region. 'With proximity to top-rated golf courses, expansive hiking and biking trails, and cultural attractions, as well as the convenience of the Mesa Gateway Airport just minutes away, Navona offers a connected, active lifestyle paired with exceptional luxury and design.' Navona provides convenient access to the SR-24 expansion and Phoenix-Mesa Gateway Airport and is near major employment centers, including Intel's Chandler Campus. Residents are minutes from shopping, dining, and outdoor recreation, all within the highly desirable East Valley corridor. Navona is Toll Brothers Apartment Living's third multifamily community in Arizona after two communities opened in Phoenix: Callia and Haverly, which was sold in 2023. For more information about Navona, visit ABOUT TOLL BROTHERS APARTMENT LIVING ® Toll Brothers Apartment Living ® is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company, and the nation's leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of America's Luxury Home Builder®. In 2024, Toll Brothers Apartment Living was named to the National Multifamily Housing Council's Top 25 Largest Developers list, the fifth year it has been so recognized. The firm has completed over 10,000 units nationally, with more than 18,000 units in production. For more information visit ABOUT TOLL BROTHERS Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit
