Macken Cos. breaks ground on luxury townhomes in Fort Lauderdale
A Macken affiliate paid $492,300 for the 6,600 sf site in 2014
September 16, 2015 01:30PM
Renderings of Parallel 1 in Colee Hammock
Macken Companies, an active developer in Fort Lauderdale, has broken ground on a luxury townhome project just west of Las Olas Boulevard.
Parallel 1, the first of two new developments for the company in the Colee Hammock neighborhood, will include two two-story townhouses. The 3,000-square-foot units will each have three bedrooms, four full bathrooms, a library, two-car garage and a private swimming pool, according to a press release.
VCM Builders, a company affiliate, is building the project at 1307 Southeast Second Court. It’s slated for completion during the second quarter of next year. Randall Stofft Architects and Marc-Michaels Interiors are designing Parallel 1. Macken Realty is the sales firm. Prices start at more than $1 million.
A Macken affiliate paid $492,300 for the 6,600-square-foot site in 2014, according to Broward County property records.
Two blocks north, Macken will develop another luxury townhome project. The company paid $785,000 in March for the 12,500-square-foot site. In February, Macken also announced it would develop four homes on a barrier island in Fort Lauderdale. The project, Beach House, will be in the Dolphin Isles neighborhood.
The Florida-based real estate firm owns related affiliates Bid That Project, MTV Investments, Palmetto Park, Sefran, and G&A Strategic. — Katherine Kallergis
Source: The Real Deal