Tapestry Park Celebrates Its Grand Opening

25 10 2006

Tapestry ParkTapestry Park Partners LLC is introducing Tapestry Park, a multi-use community set in Jacksonville’s burgeoning Southside neighborhood. Celebrating its grand opening this past weekend, the 18-acre property is perfectly positioned between Downtown and the Beaches, at the center of the city’s most desirable area.

The principals of Tapestry Park Partners LLC, developer of Tapestry Park, have drawn upon their many years of experience to create a well-designed, pedestrian-friendly community in which residents can truly live, work and play.

The low-maintenance, high-quality townhome residences are set in a neighborhood of chic shops, gourmet eateries and nightlife hotspots.

“We sought out the most brilliant designers and craftsmen to build this ideal community,” said Jim Dixon, a principal of Tapestry Park Partners LLC. “Tapestry Park is a walkable neighborhood that offers residents an upscale lifestyle in a quaint village center setting.”

As one of the first to know about this incredible community, you can take full-advantage of pre-construction pricing, residence selection and other valuable opportunities. Visit the sales center on-site from 10 a.m. until 5 p.m. Monday through Saturday and from noon to 5 p.m. Sunday.

You will be able to preview the first-rate quality of finishes and design selections, as well as view the large-scale floorplans and comprehensive site plan. The gallery homes are nestled above the shops of Tapestry Park, while the village homes are townhomes positioned in a half-circle around the park.

Jacksonville’s newest shopping, retail and dining destination will be an integral part of Tapestry Park.

Tapestry Park is in one of the most popular areas of Jacksonville,” said John Joyce, president of Joyce Development Group, developing a portion of the retail, restaurant and office aspect of Tapestry Park. “A hotel and upscale lakeside restaurant are also being projected. This will further buoy Tapestry Park as a unique destination.”

This dynamic area has almost everything residents could possibly need, from a quick commute on weekdays to a wealth of choices for weekend fun.

Tapestry Park is our vision of a ‘neo-traditional’ village for the 21st century,” Dixon said. “Your new, modern home is set within a neighborhood of restaurants, entertainment and upscale retail stores, offering you the ability to walk or bike anywhere and everywhere you want to go!”

The community is located near all major thoroughfares, including Butler Boulevard, St. Johns Bluff/Florida 9A, Baymeadows Road, Kernan Boulevard and Beach Boulevard. The St. Johns Town Center, the University of North Florida and the South Campus of Florida Community College of Jacksonville are just minutes away.

Tapestry Park residents also will find a broad spectrum of enticing choices right within their own community.

Thanks to the carefree lifestyle enjoyed by those who live in this exciting new community, residents will have plenty of leisure hours to stroll, shop, dine, bike, skate or lounge.

An expansive lake plus a boardwalk provides an ideal spot for picnicking or outdoor exercise.

Prospective buyers can choose from a wonderful selection of one-, two- and three-bedroom townhomes.

Tapestry Park offers a variety designs, each with its own individual charm and fresh new ideas. The gallery homes are nestled above the shops of Tapestry Park, while the village homes are townhomes positioned in a half-circle around the park.

The stylish homes are set in a village of multi-story buildings.

Most homes include garage parking, providing both convenience and peace of mind. Generous standard features include 9-foot ceilings, elegant crown molding, six-panel interior doors and laundry rooms with washer/dryer are included.

The gourmet kitchen features stainless steel appliances, 42-inch cabinets, granite countertops and spacious pantries. The foyer, kitchen and baths have tile flooring, with carpeting in all bedrooms. Master baths in selected residences have garden-style soaking tubs and walk-in showers with ceramic tile enclosure.

Visit Tapestry Park today to find out how you can be part of a modern masterpiece.

Source: Florida Times Union





Greenspan: Worst May Be Past in U.S. Housing

25 10 2006

Former Federal Reserve Chairman Alan Greenspan said the U.S. housing market appears to be emerging from its recent travails and the “worst may well be over.”

“I suspect that we are coming to the end of this downtrend, as applications for new mortgages, the most important series, have flattened out,” Greenspan said at an event in Calgary, Canada, sponsored by BMO Financial Group, according to a transcript BMO made available.

“There is a good chance of coming out of this in good shape, but average housing prices are likely to be down this year relative to 2005. I don’t know, but I think the worst of this may well be over,” he added.

Applications for U.S. home mortgages jumped in the latest week bolstered by increases in refinancing and new home purchases as long-term rates decreased, according to data from the Mortgage Bond Association.

Greenspan, the former Fed chief’s comments suggest a more sanguine view of the U.S. housing market than that offered by current Fed chairman Ben Bernanke, who said last week that the housing market was currently undergoing a “substantial correction.”

Since Greenspan, 80, retired from the Fed upon the expiration of his term in January, he has been giving paid talks to audiences around the world and writing a book to be released next year. He was appointed Fed chairman in 1987 by then- president Ronald Reagan.

Source: Reuter





Tapestry Park Celebrates Its Grand Opening

25 10 2006

Tapestry ParkTapestry Park Partners LLC is introducing Tapestry Park, a multi-use community set in Jacksonville’s burgeoning Southside neighborhood. Celebrating its grand opening this past weekend, the 18-acre property is perfectly positioned between Downtown and the Beaches, at the center of the city’s most desirable area.

The principals of Tapestry Park Partners LLC, developer of Tapestry Park, have drawn upon their many years of experience to create a well-designed, pedestrian-friendly community in which residents can truly live, work and play.

The low-maintenance, high-quality townhome residences are set in a neighborhood of chic shops, gourmet eateries and nightlife hotspots.

“We sought out the most brilliant designers and craftsmen to build this ideal community,” said Jim Dixon, a principal of Tapestry Park Partners LLC. “Tapestry Park is a walkable neighborhood that offers residents an upscale lifestyle in a quaint village center setting.”

As one of the first to know about this incredible community, you can take full-advantage of pre-construction pricing, residence selection and other valuable opportunities. Visit the sales center on-site from 10 a.m. until 5 p.m. Monday through Saturday and from noon to 5 p.m. Sunday.

You will be able to preview the first-rate quality of finishes and design selections, as well as view the large-scale floorplans and comprehensive site plan. The gallery homes are nestled above the shops of Tapestry Park, while the village homes are townhomes positioned in a half-circle around the park.

Jacksonville’s newest shopping, retail and dining destination will be an integral part of Tapestry Park.

Tapestry Park is in one of the most popular areas of Jacksonville,” said John Joyce, president of Joyce Development Group, developing a portion of the retail, restaurant and office aspect of Tapestry Park. “A hotel and upscale lakeside restaurant are also being projected. This will further buoy Tapestry Park as a unique destination.”

This dynamic area has almost everything residents could possibly need, from a quick commute on weekdays to a wealth of choices for weekend fun.

Tapestry Park is our vision of a ‘neo-traditional’ village for the 21st century,” Dixon said. “Your new, modern home is set within a neighborhood of restaurants, entertainment and upscale retail stores, offering you the ability to walk or bike anywhere and everywhere you want to go!”

The community is located near all major thoroughfares, including Butler Boulevard, St. Johns Bluff/Florida 9A, Baymeadows Road, Kernan Boulevard and Beach Boulevard. The St. Johns Town Center, the University of North Florida and the South Campus of Florida Community College of Jacksonville are just minutes away.

Tapestry Park residents also will find a broad spectrum of enticing choices right within their own community.

Thanks to the carefree lifestyle enjoyed by those who live in this exciting new community, residents will have plenty of leisure hours to stroll, shop, dine, bike, skate or lounge.

An expansive lake plus a boardwalk provides an ideal spot for picnicking or outdoor exercise.

Prospective buyers can choose from a wonderful selection of one-, two- and three-bedroom townhomes.

Tapestry Park offers a variety designs, each with its own individual charm and fresh new ideas. The gallery homes are nestled above the shops of Tapestry Park, while the village homes are townhomes positioned in a half-circle around the park.

The stylish homes are set in a village of multi-story buildings.

Most homes include garage parking, providing both convenience and peace of mind. Generous standard features include 9-foot ceilings, elegant crown molding, six-panel interior doors and laundry rooms with washer/dryer are included.

The gourmet kitchen features stainless steel appliances, 42-inch cabinets, granite countertops and spacious pantries. The foyer, kitchen and baths have tile flooring, with carpeting in all bedrooms. Master baths in selected residences have garden-style soaking tubs and walk-in showers with ceramic tile enclosure.

Visit Tapestry Park today to find out how you can be part of a modern masterpiece.

Source: Florida Times Union





Greenspan: Worst May Be Past in U.S. Housing

24 10 2006

Former Federal Reserve Chairman Alan Greenspan said the U.S. housing market appears to be emerging from its recent travails and the “worst may well be over.”

“I suspect that we are coming to the end of this downtrend, as applications for new mortgages, the most important series, have flattened out,” Greenspan said at an event in Calgary, Canada, sponsored by BMO Financial Group, according to a transcript BMO made available.

“There is a good chance of coming out of this in good shape, but average housing prices are likely to be down this year relative to 2005. I don’t know, but I think the worst of this may well be over,” he added.

Applications for U.S. home mortgages jumped in the latest week bolstered by increases in refinancing and new home purchases as long-term rates decreased, according to data from the Mortgage Bond Association.

Greenspan, the former Fed chief’s comments suggest a more sanguine view of the U.S. housing market than that offered by current Fed chairman Ben Bernanke, who said last week that the housing market was currently undergoing a “substantial correction.”

Since Greenspan, 80, retired from the Fed upon the expiration of his term in January, he has been giving paid talks to audiences around the world and writing a book to be released next year. He was appointed Fed chairman in 1987 by then- president Ronald Reagan.

Source: Reuter





New Developments in St. Johns County

24 10 2006

Here is summary of new developments coming to St. Johns County:

1. Rivertown, located off CR 210, will be 4,200 acres, have 4,500 homes and 500,000 square feet of non-residential space.

2. Twin Creeks, located along US 1 and I-95, will be 3,500 acres, have 5,000 homes and nearly 3 million square feet of non-residential space.

3. Nocatee, single-family residences in St. Johns County, is bringing 12,579 homes, 4 million square feet of non-residential space and 30,000 people to the area.

4. Aberdeen and Durbin Crossing, located south of Race Track Road, are both underway and infrastructure is being put in right now. Combined they will have 4,516 homes and 310,000 square feet of non-residential space.

5. Silverleaf, located near World Golf Village, will be an enormous project with 7,300 acres, 10,700 homes and 1.7 million square feet of non-residential space.

6. Ashford Mills on SR 210 and SR 16 will offer 2,600 homes and 280,000 square feet of non-residential space.

The following projects are on the drawing board:

7. Durbin, located on Race Track Road and I-95, will be 1,637 acres and have 4,500 homes.

8. Elkton, located on SR 207 and CR 305 will be 2,800 acres, have 2,600 homes and 1,000 multi-family units and 300,000 square feet non-residential space.

9. Lemburg, also known as Cordova Palms, located south of International Golf Boulevard, will be 1,500 acres, have 1,700 multi-family units and 900,000 square feet of non-residential space.

From 1990 to 2003 St. Johns County experienced a growth rate of 47 percent, making it one of the fastest growing county in the nation.





New Developments in St. Johns County

23 10 2006

Here is summary of new developments coming to St. Johns County:

1. Rivertown, located off CR 210, will be 4,200 acres, have 4,500 homes and 500,000 square feet of non-residential space.

2. Twin Creeks, located along US 1 and I-95, will be 3,500 acres, have 5,000 homes and nearly 3 million square feet of non-residential space.

3. Nocatee, single-family residences in St. Johns County, is bringing 12,579 homes, 4 million square feet of non-residential space and 30,000 people to the area.

4. Aberdeen and Durbin Crossing, located south of Race Track Road, are both underway and infrastructure is being put in right now. Combined they will have 4,516 homes and 310,000 square feet of non-residential space.

5. Silverleaf, located near World Golf Village, will be an enormous project with 7,300 acres, 10,700 homes and 1.7 million square feet of non-residential space.

6. Ashford Mills on SR 210 and SR 16 will offer 2,600 homes and 280,000 square feet of non-residential space.

The following projects are on the drawing board:

7. Durbin, located on Race Track Road and I-95, will be 1,637 acres and have 4,500 homes.

8. Elkton, located on SR 207 and CR 305 will be 2,800 acres, have 2,600 homes and 1,000 multi-family units and 300,000 square feet non-residential space.

9. Lemburg, also known as Cordova Palms, located south of International Golf Boulevard, will be 1,500 acres, have 1,700 multi-family units and 900,000 square feet of non-residential space.

From 1990 to 2003 St. Johns County experienced a growth rate of 47 percent, making it one of the fastest growing county in the nation.





Real Estate Sales to Rebound in Six Months

23 10 2006

Existing home sales across South Florida could rebound in the next three to six months, but demand for new homes probably won’t pick up until 2008, a real estate analyst said Wednesday, adding that “the Realtors will get happy before the builders.” Meanwhile, NAR’s real estate outlook calls for national sales activity to pick up early next year.

“The Realtors will get happy before the builders,” Brad Hunter told more than 400 people attending an Urban Land Institute conference at the Palm Beach County Convention Center in West Palm Beach.

If hurricane season ends Nov. 30 without another storm hitting the region, hesitant buyers will start making offers on the glut of unsold homes, said Hunter, who runs the South Florida division of MetroStudy, a West Palm Beach consulting firm. It will take about 18 months after that for new home sales to increase, he said.

Other real estate observers are more skeptical of short-term improvement in a local housing market that slowed dramatically in 2006 after the five-year boom when the price of a typical home more than doubled to well above $300,000.

Aside from the threat of hurricanes, buyers are afraid to commit for fear that falling prices will tumble more, Hunter said. But Moody’s Economy.com issued a report last week that suggested the worst of the housing squeeze has occurred in South Florida.

The West Chester, Pa., research firm said Palm Beach County’s median price for existing homes fell from late 2005 through the third quarter of 2006 but won’t go any lower. Broward County’s median will continue to decline through the third quarter of 2007, according to the report.

Palm Beach County’s median price declined $25,400 to $386,000 in August, marking the first year-over-year drop in seven years, according to the Florida Association of Realtors. The August median for Broward County fell $24,200 to $362,800. It was the second month in a row that Broward’s median declined on an annual basis.

Mortgage rates are holding steady, and former Federal Reserve Chairman Alan Greenspan said this week that he expects the slumping market to stabilize.

“The key thing that has to happen,” Hunter said, “is that the (buyers’) psychology has to change, and it’s going to.”

Still, rising insurance premiums and property-tax bills are major deterrents to buying homes. Consumers are looking to lawmakers to offer relief on those fronts.

“A lot of people are sitting and waiting,” said Debbie Anderson, an agent for Prudential Florida WCI Realty in northwest Broward County. “I don’t blame them.”

Ashley Ostroff is asking $498,900 for her three-bedroom Palm Beach Gardens home even though her agent said she could get more. Ostroff, a marketing director, has yet to field an offer.

“Even people who are ready to buy now are waiting because of what they’re hearing in the media,” she said. “It doesn’t matter what the market is doing. Buy at the price that’s right for you.”

Minto Communities, a Coconut Creek-based home builder, said it’s starting to find more interest in new homes.

About 3,000 people turned out last weekend for a townhouse and condominium development in Sunrise, while 1,500 showed up in August for a single-family home project in St. Lucie County, Minto President Harry Posin said.

“The consumer is responding,” he said. “We just have to work through this.”

Source: South Florida Sun-Sentinel








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