C O M M E R C I A L 17 Acres A Fully Entitled 274 Unit Upscale Golf Course Condominium Project by snj62624

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									C O M M E R C I A L




                              17+/- Acres
                      A Fully Entitled 274 Unit Upscale
                      Golf Course Condominium Project
                                 $13,900,000
                         New Smyrna Beach, Florida
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                                                                  Marketed By

                                             Prudential Commercial Real Estate FL
                          Claude J. Gardner, Sr., PA, CCIM                           John W. Trost, PA, CCIM
                          120 S. Palmetto Avenue                                    120 S. Palmetto Avenue
                          Daytona Beach, FL 32114                                 Daytona Beach, FL 32114
                          (386) 846-4135                                                    (386) 295-5723




                      R   O C K     S   O L I D     I N      C   O M M E R C I A L     R   E A L    E   S T A T E




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                      Table of Contents

                                 Section                  Description


                                     1                    Terms and Conditions


                                     2                    Executive Summary


                                     3                    Aerial Photographs
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                                     4                    About Venetian Bay


                                     5                    Venetian Bay Site Plan


                                     6                    Area Summary

                                     7                    Location Mapping

                                     8                    Executive Demographics

                                     9                    Company Mission Statement and Vision
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                                     10                   Sales Professional’s Resume




                      Terms & Conditions of Accepting This Offering Memorandum


                      Prudential Commercial Real Estate FL has prepared this offering memorandum for the referenced property. Prudential Commer-
                      cial Real Estate FL is a licensed real estate broker in the State of Florida and is presenting this property on behalf of the Owners.

                      While best efforts have been made in compiling the Offering Memorandum, neither the Owners nor Prudential Commercial Real
                      Estate FL make any representations or warranties, expressed or implied, with respect to the accuracy or completeness of the
                      information contained in this document. All projections are based upon assumptions relating to the general competition, general
                      economy, and other factors beyond the control of the owners and Prudential Commercial Real Estate FL and therefore, is subject
                      to variations.

                      This Offering Memorandum does not constitute an indication that there have been no changes to the property or its environment
                      since the date of preparation of the Offering Memorandum. Prospective Purchasers should discuss the proposed land use with
                      the governing municipal body in which the property is located. Additional information will be made available to interested and
                      qualified prospective buyers.

                      This Offering Memorandum and its contents, except where such information is a matter of public record or is provided by sources
                      available to the public, are of confidential nature. By accepting this Offering memorandum, the Recipient acknowledges that they
                      understand the confidential nature of its contents, and accordingly, represent to the owner and Prudential Commercial Real Es-
                      tate FL that the Recipient will not reproduce or disclose the contents to any other entity without prior written authorization from
                      Prudential Commercial Real Estate FL.




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                      Venetian Bay Town & Country Club
                      685 Grande Venetian Blvd
                      New Smyrna Beach, FL 32168


                      Executive Summary


                        Property: Venetian Bay Upscale Golf Course Condominium Project
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                        Property 17 Acres - Multi Family Site
                           Type: Entitled For 274 Units

                      Sale Price: $13,900,000
                                  $50,730 / Unit

                         Utilities: Utilities stubbed to site. Central retention.


                        Location •        Located between State Road 44 and Pioneer Trail, just west of I-95
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                          &      •        Future plans for another 1,000 unit development on State Road 44
                         Market: •        Publix and Walgreens have approvals pending for a commercial site.

                       Remarks: Award Winning Venetian Bay Golf Community represents an evolution of
                                1250 acres between Pioneer Trail and S.R. 44, just west of I-95. It will
                                become a 1600-home town center community with a Mediterranean theme
                                built around a championship golf course.

                                     A planned pedestrian mall, brick walkways and outdoor eating areas further
                                     diminish the need for automobile traffic, although there will be parking spaces
                                     downtown for no-emission vehicles.

                                     The Johnson Group has an extensive portfolio of successful communities in
                                     Central Florida. Among the communities are Turnbull Bay in New Smyrna
                                     Beach, Town Park and Sabal Creek in Port Orange, Pelican Bay in Daytona
                                     Beach, Ormond Lakes, Plantation Bay and Tymber Crossings in Ormond
                                     Beach.



                                     For more information please visit www.venetianbay.info




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                            Information contained herein is believed to be accurate, but not guaranteed and may change without notice.
                      Executive Summary cont.


                      Subdivisions: Venetian Villas Homes from $400,000
                                    150 Homes Sites - 90% Sold Out

                                       Tuscany Square Condominiums from $360,000 - $525,000
                                       78 Units - 90% Sold

                                       Savona North & South Homes from $250,000 - $400,000
                                       350 Homes Sites - Approximately 30% Sold
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                                       Arbor Lakes Homes from $275,000 - $425,000
                                       60 Home Sites - 25% Sold

                                       Promenade Park Homes from $300,000 - $600,000
                                       335 Homes Sites

                                       Savannah Pointe
                                       94 Units

                                       San Marco Condominiums from $400,000 - $600,000
                                       152 Units
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                                       The Estates at Portofino Homes from $700,000 - $1,100,000
                                       169 Home Sites - Should be offered Summer 2007

                                       Marisol $350,000 - $375,000
                                       85 Homes - Sold Out

                                       Marabella $375,000 - $425,000
                                       57 Homes - Sold Out

                                       Tuscany Reserve Homes from $650,000 - $2,000,000
                                       71 Home Sites - Sold Out

                                       St. Regis Homes from $500,000 - $750,000
                                       21 Homes Sites - Sold Out

                                       Park Side North Phase I Town Homes from $235,000 - $265,000
                                       110 Units - Sold Out

                                       Park Side South Phase II Town Homes from $265,000
                                       110 Units - Under Construction




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                             Information contained herein is believed to be accurate, but not guaranteed and may change without notice.
                      Aerial Photographs
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                                                                                      44
                                                                                   AD
                                                                                RO
                                                                             TE
                                                                          STA
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                                     STA
                                           TE R
                                               OAD
                                                   44




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                      Aerial Photographs
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                            Future Site of Clubhouse                          Sta
                                & Driving Range                                   te   Ro
                                                                                         ad
                                                                                                44




                                                     Pioneer Trail




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                                        P R U D E N T I A L      C O M M E R C I A L

                                              MAIN
                                              GATE                     SPRUCE CREEK FLY-IN
                                                      MARISOL
                                              MARABELLA
                                                                              PROMENADE
                                                                                 PARK




W W W
                                               TUSCANY RESERVE
                                                  ST. REGIS




. P
                                                                       VENETIAN
                                                     PARK SIDE          VILLAS               SAVANNAH
                                                      NORTH
                                                                                              POINTE




R U D E N T I A L
C
                                                                    TUSCANY
                            PARK SIDE                               SQUARE
                             SOUTH




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F L .
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                    ARBOR                                                                               N
                    LAKES

                                                                  SAVONA
                                                                   SOUTH                                S
                      Entire Venetian Bay Site Plan




                                                                                SUBJECT
                                                                                  SITE
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                                                                                                         STATE ROAD 44
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                      Venetian Bay Subdivisions
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                      About Venetian Bay



                        Imagine a city within a city, a place that evokes tradition and the refinement and style of Italy. Yet one that is very much
                        today. That's the vision of the Johnson Group, which is creating the Venetian Bay Town and Country Club in New
                        Smyrna Beach.

                        Venetian Bay will celebrate Italian architecture and life with beautiful homes, a landscape bright with flowers, fountains
                        and shimmering water, and a village center inspired by its beloved Italian counterparts. In Venetian Bay, residents will be
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                        able to walk to stores and restaurants, stop for a cup of cappuccino, and enjoy an Old World neighborhood concept, albeit
                        with a contemporary accent.

                        Just as Venice started with the graceful arches and the splendid interior of San Marco, so begins an excursion to Venetian
                        Bay, along a palm-lined, curving path, marked by waterfalls and a colonnade of arches. One can immediately sense the
                        harmony between these two sun-drenched retreats, one with its ancient piazza, the other with a pedestrian-friendly town
                        center on the horizon.

                        Just a short time ago, 200 head of cattle, now grazing in a new pasture, roamed these fields. Soon, the 1,200 acre prop-
                        erty, which stretches between Pioneer Trail and S.R. 44, will be home to a different kind of resident, as the first houses
                        begin to rise.

                        One cannot imagine Italy without its brick-paved streets, or its living history preserved in marble and metal and tile,
                        enduring over centuries. And so, Venetian Bay echoes the lasting beauty of these materials, in a romantic way, with tiles
                        and mosaics and other fine materials, overlaid with practical refinements.
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                        This month, model homes are going up, and a grand opening is scheduled for early April, says Jerry Johnson, president
                        of the Johnson Group. Twenty home sites in the gated Tuscany section have already been sold, and a roster of eminent
                        designers have put together all the elements one could wish for in a home: Always, there's L'atrio, a graceful foyer. And
                        La Cucina, designed for preparing and enjoying wonderful meals. And in every home, an outstanding Camera da Letto, a
                        master suite of true elegance. And lastly, the Terrazo, for al fresco dining and a place to uncork a bottle of Chianti with
                        new neighbors and friends.

                        Eventually, Venetian Bay will offer a full range of housing. Whatever the price or the style, whether a single family
                        home, townhome, condominium of apartment, the watchword is this: Eleganze!

                        Elegance and superior construction are hallmarks of The Johnson Group, which has established a tradition of fine design
                        and value in such communities as Turnbull Bay in New Smyrna Beach; Town Park and Sabal Creek in Port Orange; Peli-
                        can Bay in Daytona Beach; and Ormond Lakes, Plantation Bay and Tymber Crossings in Ormond Beach. "We pride our-
                        selves on construction that exceeds code, our safe room technology, and our 15-year warranty," says Johnson.

                        From lively, nature-loving Italy, Venetian Bay takes its inspiration in offering a full complement of planned recreational
                        facilities, including 265 acres of nature preserve, and an eventual 18-hole championship golf course - the ultimate sign of
                        La Dolce Vita.

                        In time, the community will have 1,800 homes, with 200 to 300 new homes being built each year. Already, residents in
                        the Orlando area are showing interest, Johnson says. "The friendliness of New Smyrna Beach, its historic downtown and
                        its location on the Indian River are without equal."




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                      Area Summary

                      Community:     New Smyrna Beach

                      Location       Outdoor recreation is a way of life in New Smyrna Beach, with
                      Summary:       everything from swimming and scuba diving to golf and hiking.
                                     However, the beaches are the top draw for this beautiful island town. It
                                     has more than 13 miles of pristine white sand beaches with an
                                     additional 24 miles of coastline at nearby Canaveral National
                                     Seashore, which is located on the south end of the island. New
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                                     Smyrna Beach was voted “Best Beach in Florida,” by readers of
                                     Florida Monthly Magazine. Visitors and residents love sunning and
                                     beachcombing on the sandy beaches, many enjoy windsurfing, sailing,
                                     surf fishing and other activities.


                      Location Mapping
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                                                                                                               Executive Demographics
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                      W W W . P R U D E N T I A L C O M M E R C I A L F L . C O M
                      Information contained herein is believed to be accurate, but not guaranteed and may change without notice.
                                                                                                               Executive Demographics
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                      Information contained herein is believed to be accurate, but not guaranteed and may change without notice.
                      Company Mission and Vision

                                                                 Our Mission ...
                      Prudential Commercial Real Estate FL will dominate its market with dedicated management,
                      exceptional Sales Executives, Professional Staff, and the nation’s premier real estate brand. Guided by
                      the principles of honesty, industry, innovation, and respect, the company’s purpose is to provide
                      customers with exceptional real estate services and to provide Sales Executives and Staff with an
                      exceptional work environment. Prudential Commercial Real Estate FL is dedicated to equal opportunity
                      in both the workplace and marketplace and to providing a work environment free of harassment or
                      obstacles of any form.
                                                                  Our Vision ...
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                      Prudential Commercial Real Estate FL 2007 is headquartered in Daytona Beach and has a staff of
                      twelve full time commercial real estate professionals doing an annual sales volume in excess of
                      $250,000,000. The company is technology driven with the company’s Sales Executives primarily
                      working remote.
                      By continually focusing on new and innovative ways to market commercial real estate the company has
                      maintained and even strengthened its market dominance and is now transacting commercial real
                      estate nationwide. The professional standard to which the company management aspires and market
                      presence the company commands makes it one of the most desired work environments in the market.


                      Resume
                      Name:           Claude Gardner
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                      Personal:       Mr. Gardner has been continuously licensed as a broker in the
                                      state of Florida for 27 years. During that time he has owned and/
                                      or managed real estate companies in Duval, Marion, Seminole
                                      and Volusia County, Florida.




                      Experience:     •   Eastern U.S. Manager of commercial real estate with Prudential Real Estate
                                          Affiliates from 1989 until 1996.
                                      •   In 1996 he was made a Vice President of Prudential assuming national
                                          responsibility for the growth and servicing of Prudential Commercial Services.
                                      •   Currently serving as the Managing Partner of Prudential Commercial Real Estate
                                          FL



                      Education:      •   Bachelor of Business Administration with a major in Real Estate and Land
                                          Economics.
                                      •   One of the commercial real estate industries highest designations, the prestigious
                                          CCIM designation.

                      Specialty:      •   Bachelor of Business Administration with a major in Real Estate and Land
                                          Economics.
                                      •   One of the commercial real estate industries highest designations, the prestigious
                                          CCIM designation.




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                  Resume


                                                               PROFESSIONAL EXPERIENCE:
                          John W. Trost,                       I am a seasoned professional with the education, designation and
                                                               experience...Bachelor of Business Administration - Finance from
                            PA, CCIM                           the University of Central Florida and the coveted Certified Com-
                                                               mercial Investment Member designation (CCIM)… and the
                                                               hands-on experience working with business professionals, devel-
                      Prudential Commercial Real Estate FL     opers and investors. I specialize in general commercial sales,
                      120 S. Palmetto Avenue                   investment property analysis and land development with exten-
                      Daytona Beach, FL 32114                  sive experience working with governmental regulatory agencies
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                                                               and local planning committees.
                      Phone: 386.253.8565                      For over 25 years I have practiced commercial real estate man-
                      Mobile: 386.295.5723                     agement and income property brokerage. During that time I have
                      Fax:    386.253.8544                     developed, marketed, sold, managed and owned various real
                      JTrost@ccim.net                          estate investment projects, including office buildings, residential
                                                               subdivisions and healthcare properties throughout Florida.




                                                               RECENT TRANSACTIONS

                                                                   Parkway West 21,000 SF Shopping Center in Palm Coast
                                                               $2,875,000
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                                                                  Port Orange Funeral home 5,200 SF 1201 Dunlawton Ave-
                                                               nue $1,367,500
                                                                    1.77 acres 870 Dunlawton Avenue $800,000
                                                                   4.26 acres 3510 Nova Road sold for Retail Center
                                                               $1,500,000
                                                                 Shoppes of Yorktowne 100% pre-leased



                      SPECIALTY:
                           Commercial Retail/Land              EDUCATION:
                                                               BA         Business Administration—Finance
                      CLIENTS REPRESENTED:                                University of Central Florida
                           Riverside Bank
                                                               CCIM Commercial real estate industries highest
                           Holub Development                        designation
                           Capital Development Group
                           Lohman Funeral Homes                PROFESSIONAL ORGANIZATIONS:
                           Williamson Five, LLC                           COMMERCIAL INVESTMENT
                           SunGlow Construction                           DIVISION OF DAYTONA BEACH
                           Saboungi Construction
                                                                          DAYTONA BEACH
                           GBP Investments, LLC                           ASSOCIATION OF REALTORS
                           State Farm
                                                                          CCIM




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