Looks like Florida is getting popular in real estate investment circles again. Builders are building, planning to build, looking for places to build. It's an amazing thing to consider, given the past few years of dire straits. At least for certain parts of Florida, things are looking very good for real estate development.
Home Builders Are Excited About Florida - and Developments are Happening Throughout the State
Just last week we posted about how Lake Nona's having a $40 million dollar custom home development arise from the efforts of Meritage Homes. Meritage is a long farther along than lots of other builders and developers: Meritage is breaking ground, things are go for their new custom home community.
Additionally, Hispanic Business is reporting on several different builders around the state that are reporting a definite recovery is underway for them. Among them: GL Homes; joint venture Stiles Corp.; CC Devco; and Standard Pacific Homes of California.
Read the details of their survey here.
NuWire Is Advising Investors to Look at Fort Myers, Miami, and Orlando
Over in the money media, investment gurus are advising their followers to consider certain areas of Florida for real estate investment now. The Big Three, according to NuWire, are Fort Myers, Miami, and Orlando.
From NuWire, in an article entitled "Best Florida Real Estate Markets For 2012," and written by a senior partner at Hanover Companies, it still appears that parts of Florida are not good investments but others are ripe for savvy investment. Three others, specifically.
Hanover Companies are a group of real estate investors, fund advisors, property managers or developers operating as a group since 1969, and their overlapping expertise in financing and real estate industries should be noted. Hanover gives its reasons for choosing these three areas of Florida, and they include things like rising prices and falling inventory. For details, check out the NuWire article.
Lake Nona Should Be On Every Florida Real Estate Investor's Radar
Meanwhile, in Central Florida things are happening near Orlando that every investor should understand: Lake Nona is a big, big deal that seems to be flying under a lot of radar. We post about Lake Nona regularly, e.g., "Orlando's Lake Nona Medical City: Real Estate Development That Should Get More Appreciation in the Media." It's our opinion that Lake Nona will be at the apex of Florida real estate development in the next few years.
For those who aren't familiar with Lake Nona, consider this information taken from the May 9, 2012, Wall Street Journal's Market Watch:
Just east of Orlando's international airport, the state-of-the-art community of Lake Nona is quickly developing with billions of dollars in new facilities, thousands of high-value jobs and modern neighborhoods.
The 7,000-acre master-planned Lake Nona community will provide healthy living and sustainability products for residents and businesses working with GE solutions.
"Our collaboration with GE brings a global perspective to Lake Nona that is helping us achieve a level of efficiency unmatched in the region," said Lake Nona President Jim Zboril. "With the help of GE's emerging, innovative products, Lake Nona is quickly becoming a showplace for cutting-edge, sustainable design. GE's products will play a key role in Lake Nona's orientation for healthy living and sustainability, making a meaningful difference in energy use and health outcomes at Lake Nona."
With more than $2 billion in active construction, millions of square feet of new educational, health and life science research facilities and thousands of new residences, Lake Nona has become a bright star during trying economic times.
"GE works to provide clean energy and affordable healthcare offerings," said Luis Ramirez, CEO of GE Energy's Industrial Solutions business. "Lake Nona is an opportunity to put those offerings and technology to work. We look forward to seeing this community grow."