SEACREST BEACH, FL – Capstone Collegiate Communities (C3) has tapped The Premier Property Group to represent its latest condominium conversion project, The Lofts at Seacrest Beach. Capstone bought the 120-unit luxury apartment complex, located between WaterSound Origins and 30Avenue, in October 2017, a few months after construction was complete, and filed a formal condominium conversion prospectus with The Division of Florida Condominiums, Timeshares and Mobile Homes earlier this year. Approval was received Friday, April 6 for Premier to release the one-, two-, and three-bedroom residences for sale as fee-simple condominiums from the mid-$200,000s. It is the third condominium conversion project for the Birmingham, Alabama-based company, which specializes in high-end, off-campus student housing across the country.

“Having a place here, I was naturally drawn to the opportunity; but we were all impressed by the quality of both the design and construction,” said company spokesperson, Rob Howland, who also owns a second home in Walton County. He, along with John Vawter and Ben Walker, is one of Capstone’s three principals. “Being so close to Alys Beach and Rosemary Beach, we couldn’t have questioned for a better location, but we are probably most excited about the 30A beach access, especially at this price point,” he said. The Lofts has a protective easement through the Seacrest Beach beach access.

As part of the condominium conversion process, the group made a conscientious choice to limit future rentals to 90 days or more. “We were really struck by the strength of the demand and how closely knit the residents are,” said Capstone vice president, Jim Beatty. “We just felt like we were on to something special by not catering to small-term rentals, so we chose to keep it that way.”

The community’s 120 residences feature 17 different floor plans ranging in size from 586- to 1393-sf. They are laid out in two, four-tale, access-controlled buildings, one with 52 residences and the other with 68. The latter wraps around a resort-style swimming pool and fully furnished outdoor living area with poolside fire pit, large screen TV, grilling area, and summer kitchen. Four comfortably furnished interior community rooms include club room with fireplace; clubhouse/event room with cyber cafe, kitchen, and Starbucks® coffee maker; huge-screen TV lounge; and conference room.  A 24-hour fitness center is equipped with Star Trac cardio, Tag, and Nautilus free weight systems.

Sixteen of the 17 floor plans come with a dedicated hallway storage closet directly outside each condo with trash chutes on each floor. Twenty separately priced garages in two contiguous structures will also be offered to condominium buyers on a first-come basis, and a la carte furnishings packages will also be available.

The release represents a competitively priced housing alternative, as well as, an immediate revenue stream for prospective landlords/rental property buyers through pre-conversion carryover leases. Attractive financing terms are available through BancorpSouth’s portfolio products, including its Right@Home program for income-qualified home buyers.

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DALLAS, TX – Dallas-based real estate developer HALL Group announced that HALL Arts Residences, the company’s 28-tale luxury residential high-rise under construction in the Dallas Arts District, is the first residential development to register for WELL Multifamily Certification in Texas. In partnership with the project’s architect HKS Inc. and AD100 interior designer Emily Summers Design Associates, HALL Arts Residences was designed to be the healthiest high-rise in Texas, ensuring that homeowners will delight in the highest level of both health and wellness in their built environment when the property opens in early 2020.

“A focus on health and wellness has become a key feature of today’s luxury residential developments,” said Craig Hall, chairman of HALL Group and developer of HALL Arts Residences. “It was vital to us to take this a step further at HALL Arts Residences by pursuing WELL Certification and designing the most innovative, health-driven environment for our homeowners. They will be able to take comfort in knowing that their home was designed with their wellbeing as a top priority.”

HALL Arts Residences is registered to pursue WELL Multifamily Certification. In its efforts to achieve certification, HALL Arts Residences has implemented advanced technologies into the design of the building, including: the minimization of indoor air pollutants using multilevel air filtration, the elimination of building materials containing VOCs, thick demising walls that mitigate noise transfer between and within homes, a sound-reducing membrane installed in floors, healthy food options, on-site fitness facilities, light-optimal interior design palettes made by Emily Summers to maximize comfort, and an environment infused with beauty and inspiring art to activate the mind.

“At HKS, we’re always seeking out partnerships with developers that know the value of making healthy environments and are going beyond the status-quo,” said Eddie Abeyta, HKS Principal Architect. “HALL Group shares the same commitment to building and operating perfectly designed spaces that enhance the wellbeing of its users – in this case, the future homeowners of HALL Arts Residences. The WELL Building Standard is a key differentiator in today’s luxury residential market as it places a new premium on environments that allows for one to breathe better, sleep better and live better.”

Administered by IWBI, WELL is a performance-based system for measuring, certifying, and monitoring features of the built environment that impact human health and wellness, through air, water, nourishment, light, fitness, comfort, and mind. WELL is grounded in a body of evidence-based research that explores the connection between the buildings where we spend approximately 90 percent of our time, and the health and wellness impacts on us as occupants of these buildings. 

Upon opening in 2020, HALL Arts Residences would be awarded WELL Certification by IWBI upon rigorous testing and a final evaluation by Green Business Certification Inc. (GBCI), which is the third-party certification body for WELL, to ensure it meets all WELL performance requirements.

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