Purchase Details

How to Purchase?

• Fill out reservation form.
• Your client will write a check or wire funds payable to Chicago Title Insurance Company for 10% of the purchase price.

Pricing:

Call for prices

Deposit Structure:

• 10% reservation (today)
• 10% contract (early 2013)
• 20% commencement of construction (late 2013)

Client Q and A

1. When are contracts expected to be issued?
   Mid- January 2013
2. When do sales start or when did sales start?
   Reservations started Monday 11/26/2012
3. What rescission period do you afford buyers and when does the time begin to elapse?
   15 days from date of contract. Reservations are 100% refundable
   The buyer is entitled to a full refund of his/her entire deposit during the entire reservation period plus 15 days for when the buyer signs the contract and receives the condo documents as per Florida Law Chapter 718. For more information please read the Florida statute http://www.ccfj.net/condo718statutesII.htm
4. How many buildings are there in the project?
   2 – North Building & South Building
5. How many units per building
   234
6. What is the estimated date of completion of each phase?
   TBD – construction estimated 3rd quarter 2013. Completion estimated 20 months out from commencement of construction
7. Is there a rental program?
   TBD
8. When and where can I obtain floor plans?
   Please see attached PDF. Available in broker tool box. Link to access is in e-mail
9. How much is the 1st deposit and when is due?
   10% - to put a reservation
   10% - at conversion to contract
10. How much is the 2nd deposit and when is due?
    20% at commencement of construction
    optional additional 30% at commencement of construction and buyers can get an additional parking space at no charge
11. How much is the 3rd deposit and when is it due ?
    balance at closing
12. How much will be the balance owed and when?
    Balance due at closing
13. Are deposits held by a NEUTRAL escrow agent? If yes, who is the escrow agent? What are the conditions of the escrow?
    Escrow agreement available for download in broker tool box
    Deposit will be held in a full insured escrow account by Chicago Title and Insurance Company. The escrow agreement will be provide to you with your purchase contract. Further information will be as per Chapter 718 of the Florida Statute at http://www.ccfj.net/condo718statutesII.htm
14. Will the deposits be held by the developer in an interest or non-interest bearing escrow account? If yes, what is the interest rate and who is entitle to such interest?
    Non-interest bearing escrow account.
15. If the developer goes bankrupt, how is a buyer insured to receive their deposit back? (Example: Is the account insured by performance bond?)
    Florida Chapter 718 statue address the buyer rights for deposit refund. http://www.ccfj.net/condo718statutesII.htm
16. May purchaser buy a unit in a corporate name?
    Yes. Limit 2 units per entitiy
17. How may the buyer hold title to the property (Ex: Fee simple, trust, etc.)?
    There are many forms of ownership, only a real estate attorney is qualified to address this answer to this question based on each buyer specific needs.
18. Are pets allowed?
    Yes, Details will be found in the condo documents.
19. How many stories will the buildings be?
    24
20. How many units will there be in each building?
    234
21. How many units per floor?
    11 units per floor
    penthouse – 8 units per floor
    lower penthouse 11 units per floor
22. What will the monthly maintenance fee per sq. foot basis be?
    $0.50/SF
23. What is the range price per sq. foot in project? (Lowest to Highest)
    $300 - $552