PARADISE: 716 beautiful Mediterraneam-style luxury homes on 653 lush acres, 27 golf holes, 13 tennis courts (7 lighted, 1 grandstand court), 42,000 sq ft clubhouse, dining, card rooms, resort pool, fitness, 5 miles of bike trails, basketball, playgrounds, 4 mini-parks, near highways, culture, beach. A perfect lifestyle! Luxury Country Club Specialist MARILYN JACOBS will quickly sell your home and/or find you the HOME OF YOUR DREAMS (561-302-3388). NOW is the time to "make a move."
Tuesday, July 15, 2008
BOYNTON BEACH DEVELOPER IN BANKRUPTCY
Waterbrook Peninsula LLC has filed for bankruptcy.Your editor recently visited the project and took these photos.The property is on a small peninsula in Boynton Beach with water on three sides, on Federal Highway and the intracoastal waterway.It was planned to have 40 luxury condos, 20 town homes and 10 large single family homes.Construction is almost complete on the condos and single family homes but town homes have been delayed.This bankruptcy, where National City Bank foreclosed on a $26-MM mortgage, highlights the down market conditions.
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