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Daily Newsletter

09 December 2024

Daily Newsletter

09 December 2024

Ground broken on luxury waterfront development in Fort Lauderdale

View Pointe Residences is being designed to integrate with the surrounding upscale amenities.

sathya December 06 2024

BEXA and Sagewood Corporation have broken ground on a luxury waterfront development in Fort Lauderdale, Florida, US.

Sagewood Corporation joins as co-developer and general contractor alongside BEXA for View Pointe Residences, an apartment project.

The ground-breaking ceremony was attended by City of Fort Lauderdale's mayor Dean Trantalis and key project executives.

The collaboration between BEXA and Sagewood Corporation aims to deliver a development grounded in location, design, and quality living.

Located near Las Olas Boulevard and Fort Lauderdale Beach, View Pointe Residences is designed to integrate with the surrounding upscale amenities. The architecture, featuring concrete and glass, will mirror the area's natural and marine influences.

Comprising six boutique apartments with up to 3,383ft² in space, the development will offer one- to three-bedroom units.

The design includes high ceilings, waterfront balconies, and views of the Rio Barcelona waterway. Interior features such as Italy-designed kitchens and advanced home technology are also included.

Each unit at View Pointe Residences will come with a dedicated boat slip, fitting vessels up to 60ft, with direct access to the Intracoastal and Atlantic Ocean.

Additional amenities will include a semiprivate elevator, rooftop grill, whirlpool bath, and a CCTV system.

Sagewood Corporation founder and CEO Douglas Strabelli said: “View Pointe Residences will be an iconic addition to Hendricks Isle, at the utmost point of the Rio Barcelona waterway.

“Our partnership with BEXA joins our efforts to build luxurious residential spaces, offering unparalleled views, lavish amenities and a desirable waterfront location. We look forward to contributing our expertise in high-end residential development to this project and delivering another ultra-luxury living option to Fort Lauderdale.”

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

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