The Palm Beach Post from West Palm Beach, Florida • Page 80

Page Two Advertising Section, Friday, October 16, 1981 Fixed Low Rates At Green Kroll Real Estate Roundup Home Sales Good For Economy mm i rir-rJ Hm br v. ST- Li -''t p- COCONUT CREEK -Three of Green Kroll Building Corporation's single-family spec homes featuring low interest rates on assum-able mortgages are available at The Township. "We are currently offering these homes which are available for immediate occupancy at WA percent at a fixed rate for 29 years," reported Mel Green, a principal in the firm that has been building quality single-family homes in South Florida for the past 14 years. "We perceive this as a very good value, considering that most lending institutions are presently offering mortgages at 17 percent that have to be renegotiated every three or so years." These three spec homes, subject to sales, range in size from the three-bedroom, two-bath Hamilton design, to the Aristocrat, which is available as either a three-bedroom, two-bath plan or a four-bedroom, two-bath home. Prices range from $107,990 for the Hamilton and from $121,900 for the Aristocrat model.

"Our buyers have been impressed with the community's location and many recreational amenities, but most importantly, they have been receptive to the many design characteristics our firm offers at The Township," noted Al Kroll, the other principal in the company that has been ranked as a "Giant in Housing" by Professional Builder magazine for the past four consecutive years. As all Green Kroll homes, The Township residences Include attached garages, separate dining rooms, formal living rooms, expansive master suites; spacious kitchens that open into the family rooms; energy-saving Watt-Wise appliances and insulation; and coverage under the national HOW program. Custom options include swimming pools, upgraded floor treatments, additional landscaping and fireplaces. Other Green Kroll designs available in The Township include the five-bedroom Green Kroll Building Corporation's spectrum of buyers at The Township include families with young children, young professionals and mature couples. Fully decorated models are open daily at the community, with several Green Kroll residences currently available at low, fixed interest rates.

Princeton; the three-bedroom Delaware and Envoy II homes and the four-bedroom Envoy IV design. "We've experienced a wide spectrum of buyers at The Township who are comprised of families with young children, young professionals and mature couples," said Kroll. "They all have been impressed with the individual characteristics of the homes as well as the community." The Township is underway on 1,180 acres in Coconut Creek. A separate section of the complex Is the Township Center, which includes professional offices, and a shopping promenade. The Township's community center will include a clubhouse and swimming pool.

A private racquetball and tennis club is also planned. To reach The Township take 1-95 to Sample Road west to Lyons Road and go south. Or take 1-95 to Atlantic Boulevard and turn onto Coconut Creek Parkway, or take the Florida Turnpike to Exit 24; then west to Lyons Road and north. The Green Kroll models are on the southeast corner of Copans Road and N.W. 42nd Avenue.

The Barclay Beach Club Opens The sale of an existing home has many far-reaching economic effects on a community far more than most people would imagine. For instance, before a sale, owners spend an average of $500 to $1,000 to get the home ready for sale. At the time of the sale expenditures of between $2,500 and $3,500 per home are generally made. During the first year of ownership, the proud new owner will probably spend from $2,000 to $2,500. Therefore, for every 100 existing homes sold, a community reaps from $500,000 to $700,000 in economic benefits.

And these figures do not even include the earnings of real estate practitioners and mortgage lenders. Prior to a sale, homeowners generally try to prepare their home so that prospective buyers will see It in the best possible light. Many home improvement and clean-up iobs are finished in the hope of attracting and expediting a sale. Major recipients of this spending activity (estimated at between $500 to $1,000) Include painters; hardware and building supply stores; carpenters, roofing, plumbing and electrical contractors; rug and drapery cleners; and appliance repair firms. Firms that benefit from the $2,500 to $3,500 spent at the time of the sale include moving companies, real estate appraisers; termite inspectors; structural inspection firms; surveyors; property insurance and title insurance companies; and the local government, which benefits from fees and taxes paid.

Expenditures at the time of the sale generally average around 3 to 5 percent of the selling price of the home, according to the Economics and Research Division of the National Association of Realtors. In addition, there is a strong link between buying a home and the subsequent, above-average purchase of goods and services. In the 12 months following a transaction, homebuyers outspend long term homeowners by a substantial margin. These after-sale expenditures $2,000 to $2,500 range from major capital Improvements and the purchase of furnishings, to smaller household and yard items. The impact of home sales on a community is even more staggering when consideration is given to the subsequent rounds of spending which occur when the recipients of home sales spending (i.e.

movers, painters, roofers) take their increased earnings and spend them on a wide range of goods and services. Although difficult to pinpoint, the National Association of Realtors estimates that such spending totals an additional $1 to $1.5 million. Adding it all up, the sale of 100 existing homes can generate nearly $1.5 to $2 million in new business for merchants, service men and women and the country's economy. Taking this into consideration, it's easy to understand why an existing home sales component must be considered when evaluating a community's economic health. Spanish River Resort Consultant Selected DELRAY BEACH, Fla.

Joy Andrews has been appointed on-site sales consultant for the Spanish River Resort and Beach Club, according to Harry Holl, vice president of the Spanish River Resort Corp. An education graduate of East Carolina University in Greenville, North Carolina, Ms. Andrews taught middle school in Pinehurst, North Carolina before setting her sights on a sales career. Joining New York Life, she became the first and only female employee in an office of 35 sales representatives working out of the Charlotte, North Carolina, office. Her real estate sales career began with the Chase Manhattan REIT selling conversion properties.

In 1978, Chase reported assets of $276 million. As the conversion activity began winding down, Ms. Andrews became active in the timesharing industry. She has been associated with projects in New Hampshire, South Carolina and most recently at the Barefoot Mailman in Hillsboro Beach prior to joining the Spanish River staff. Ms.

Andrews' responsibilities will focus on sales to current owners interested in adding more weeks to their Spanish River Resort and Beach Club portfolio; guests who check into the hotel under an exchange program who are interested in making a purchase at the resort; and other similar sales requests. "In essence," Moll pointed out, "Joy will take care of those sales outside of the normal day-to-day sales and marketing efforts." Journalism Winners CHICAGO The National Association of Realtors and Bradley University today announced the winners of the 17th annual Real Estate Journalism Achievement Competition. Cash awards of $1,000 and plaques were given in five categories. A panel of 13 academicians, broadcasters and editors judged the entries and selected the winners. For the first time awards were made to electronic journalists, with prizes for the best real estate reporting on television and on radio.

Winners in newspaper categories are: ARTICLE OR SERIES ABOUT A LOCAL SITUATION INVOLVING REAL ESTATE THAT IS ALSO OF NATIONAL CONCERN Gary Washburn, real estate editor, the Chicago Tribune. Honorable Mentions were awarded to Andree Brooks, Westport, a free-lance writer for the New York Times. CONSUMER INFORMATION RELATING TO REAL ESTATE (tie) Don G. Campbell, staff writer, Los Angeles Times; and Ben Z. Hershberg and Loni White, staff writers, The Courier-Journal (Louisville, An honorable mention was awarded to Don DeBat, real estate editor, Chicago Sun-Times.

For the 13th consecutive year, the consumer information category was co-sponsored by the American Land Title Association. The winner in the GENERAL INTEREST MAGAZINE category is Phillip Longman, staff writer, New Jersey Monthly (Princeton, N.J.). An honorable mention was awarded to Ed Barnes, contributing editor, New Jersey Monthly. Driskill Named WEST PALM BEACH Rebecca D. Driskill, a 28-year-old licensed general contractor who has coordinated and managed bid estimates for a wide variety of commercial and residential construction throughout the Palm Beaches, is serving as project manager for The Plaza.

A 32-story, twin tower complex that will be the tallest structure ever built on the Intracoastal Waterway in the area, The Plaza of the Palm Beaches will also be the first Downtown Planned Urban Development (DPUD) in West Palm Beach and the largest development venture undertaken in the city's history. Featuring 224 deluxe apartments, town homes and penthouses priced from under $1.1 million, it Is scheduled to begin construction this fall at 525 South Flagler Drive. A University of Florida graduate with a bachelor's degree in building construction, Ms. Driskill will be responsible for construction quality control, dispersing and reviewing subcontractor's bids and directly ordering the construction materials that will be handled by Wadsworth Management Corporation, the company with whom Ms. Driskill works and the one that will oversee the project's construction.

I saw many Florida projects being built that were not complementing the environment. But The Plaza is a DPUD that reflects the highest standards of planning and residential living. Robert Armour and Michael Guider, the developers, have created a community that downtown West Palm Beach will point to with pride in the years to come." xl 1 complete the recreational amenities. Phase two will also include tennis courts. Baker pointed out that The Barclay Beach Club will have rustic dune crossings leading to the ocean beach.

Security for residents will be one of the community's major appeals, according to the developer. There will be a telephone entry system In the lobby, and, in keeping with European tradition, a uniformed concierge will be stationed at the door. Each suite will be pre-wired for a sophisticated security system. A special fire control room will allow the fire partment to monitor all suites, which are also equipped with smoke detectors and full sprinkling systems. The Barclay Beach Club residential suites begin at $124,000.

The sales office Is located on State Road A1A on North Hutchinson Island, approximately 12 miles south of Vero Beach and a mile north of the Fort Pierce Inlet in St. Lucie County. "1P ilk AND YOU ST. LUCIE COUNTY -The Barclay Beach Club, a luxury, oceanfront condominium community located on North Hutchinson Island, has opened sales on its first phase of residences. It is being developed by The Barclay Group in partnership with Amlea (Florida), Inc.

Based on the Treasure Coast, The Barclay Group represents a team of experienced professionals in the construction Industry in both Florida and Canada. The near 11-acre community will be comprised of an 80 unit building and a 113 unit building, both offering magnificent views of the Atlantic Ocean from all suites. The community fronts over 700 feet of prime ocean frontage. According to Graham Baker, president of The Barclay Group of companies, construction on the project will begin in November of this year, with the completion date for the initial phase targeted for January of 1983. The Barclay Beach Club's residential buildings will feature a chevron design; the V-formation ranges from a 60 foot width on the ocean, to a 110 foot width on the opposite end.

"Each luxury apartment will overlook the ocean, and some will also have direct views of the Indian River," said BakeY. Four distinctive floor plans, named after European resorts, are being offered at The Barclay Beach Club. They include: the Riviera, St. Moritz, St. Tropez, and the Monte Carlo.

Four penthouses with spiral staircases leading to a roof garden will top each building. One- and two-bedroom, two bath residential suites, most with dens, will Include up to 1,600 square feet of air-conditioned living area. Large balconies frame the ocean views from each unit, with wraparound balconies on the corner units. Interior appointments will Include a double door entry to a formal foyer, a wet bar, spacious walk-in closets, and a laundry complete with washer and dryer. Fully-equipped gourmet-style kitchens feature a built-in microwave and top-of-the-line appliances.

Said Baker, "A top priority will be to preserve the natural beauty of the land." The Club will be located on the ground level of the building. Appointments will include an indoor-outdoor bar, with individual keyed lockers for each suite, overlooking the barbeque pit and a large swimming pool. A library and billiards room, card room and club lounge, ladle's and mens' saunas and dressing rooms, and a fully-equipped eKercise room THOUGHT DIDN'T BUY MUCH ANYMORE. Two bedrooms, two baths 0 30" self-cleaning G.E. Range 17.2 cu.

ft. energy-saving refrigerator with ice maker Full size G.E. washer and Dryer Disposal Range Hood 52" Hunter paddle fan Cathedral ceilings Central Air Conditioning and Heating with special heat recovery system that provides all your hot water needs when the air conditioner's running 40 gallon, quick recovery hot water heater with timer Ventilated vinyl shelving 0 Wall-to-wall nylon carpeting 0 Custom cabinets and counter tops 0 Smoke detector 0 Ceramic tile in wet areas of both bathrooms Double stainless steel sink Fully insulated for energy savings Watt Wise Living meets F.P.L.'s energy-saving standards 0 Private recreation center with pool 0 Bicycle path 0 And even more 9 To sneak a peek at the best new home value in South Florida, take U.S. 1 north to THobe Sound 0 From the traffic light at Bridge Road, drive 1 12 miles north to U.S. 1 and Dharlys Street 0 Open 10-5 daily.

U.S. 1 and Dharlys St. Hobe Sound, FL. 33455 (305) 546-7007 2 Bedrooms, 2 Baths. $51,900.

10 Down. No Closing Costs..