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10.06.14 CASSA ON THE DBR

TSG Paragon Development is excited to share this article by Samantha Joseph, Daily Business Review.

Georgetown was meant to be a gleaming lakefront subdivision with high-end condos near the football fields, soccer pitches and aquatic center of Lauderhill's Central Broward Regional Park & Stadium in a part of the county earmarked for redevelopment.

[...], but the housing crash forced developer Centerline to change direction as sales at the 320-unit project came to a screeching halt after the construction of about 200 homes.

"Today we're talking a completely different ballgame," said Camilo Lopez, president of The Solution Group, which bought into the project in a joint venture with Paragon Group of South Florida, the company behind cassa Brickell condo.

TSG Paragon Development picked up 118 lots as Centerline struggled to boost sales and secure financing after real estate values plummeted.

[...] For cassa Georgetown, "the whole concept is to develop modern living for all and give the middle class the opportunity to enjoy luxury living," Lopez said.

Click here to read full article.

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