Cresswind at Lake Lanier Has Grand Opening
at Gainesville Ga Active Adult Community
Earlier this year, Cresswind at Lake Lanier had a grand opening at its Gainesville, Georgia active adult community’s. The community was previously the Levitt and Son's failed Seasons at Lake Lanier AAC.
The Kolter Group, LLC, a West Palm Beach private investment firm focused on luxury master planned development and premier active adult communities, bought the failed waterfront property just north of Atlanta out of backruptcy.
Active Adult Waterfront Living
Cresswind at Lake Lanier features two and three bedroom ranch style floorplans, some of which include basements. Currently there are 14 fully furnished model homes, 45 homes available for immediate move in and multiple pre-sale opportunities. Private boat slips are also available.
MORE INFORMATION ABOUT THE KOLTER GROUP....
Kolter Group Enters Active Adult Market
Kolter Group Provider of finished lots plans to develop and build out its newest land acquisition itself.
The Kolter Group is launching itself firmly into the active-adult community building market with the planned purchase of Levitt and Sons’ active-adult community on Lake Lanier, north of Atlanta, at the end of January.
Kolter’s business model has been to buy land to be resold as finished lots to builders. But Kolter plans to develop and build the former Seasons of Lake Lanier property itself, said Jim Harvey, Kolter Land’s president.
“We’re focused on building a new active-adult home building plan, and this will be one of our first active-adult products,” said Harvey. “We are still kind of formulating the exact strategy, but we think there’s a really good position for us in the market for an active-adult position.”
Kolter has been dabbling in the market with a project in Port St. Lucie, Fla., called Verano. It also recently bought Victoria Park in Deland, Fla., which has an active-adult neighborhood, from St. Joe.
“We’re working on other opportunities as well,” said Harvey. The company is also working on branding for its new active-adult venture.
Kolter was the only bidder for the Lake Lanier property in bankruptcy, bidding $12.4 million for the partially developed land, which includes 16 fully furnished model homes, 43 homes complete or partially built, 169 developed lots, 147 partially developed lots, and 290 approved-but-raw lots. There are also 22 boat slips on Lake Lanier, but there is no clubhouse or other amenity built at this point.
In Atlanta, Kolter will be competing with Pulte, which started building the first large, master-planned, active-adult communities in Atlanta several years ago. That scattered-lot market has proven to be a difficult one for builders looking to assemble parcels large enough to build fully amenitized active-adult communities.
Kolter was an unsuccessful stalking-horse bidder on another Levitt active-adult property auctioned in bankruptcy, a Levitt Cascades community in Sarasota, Fla., which was bought by local builder Medallion Homes.
-- BUILDER and BIG BUILDER magazines
Showing posts with label home builders. Show all posts
Showing posts with label home builders. Show all posts
Tuesday, August 24, 2010
Tuesday, August 17, 2010
Columbia, SC to be “Center of the Boomer Business Universe” with NARA and NAHB 55+ Collaboration
Press Release
For more information, contact:
Dan Owens, President, National Active Retirement Association (NARA)
C (704)641-1469 * Toll Free (888)742-7362
Columbia, SC to be “Center of the Boomer Business Universe” with NARA and NAHB 55+ Collaboration
Charlotte, NC (August 17, 2010) – The National Active Retirement Association (NARA) and the National Association of Home Builders (NAHB) will be collaborating to offer 55+ business classes and educational seminars the entire week of Oct. 18-22 in Columbia, SC.
“You won’t be able to find another week of the year that will have more 55+ information, education and networking as this week,” said NARA Executive Director Dan Owens. “If you are interested in catching the Age Wave in business, you’ll want to be in Columbia, SC Oct. 18-22,” he said, adding that “more professionals involved in the building for, selling to and serving 55+ consumers will be in Columbia than anywhere else.”
NARA has hosted 10 annual business conferences for business, non-profit and government professionals who want to learn more about marketing to, building for, serving and doing more business with the exploding 55+ age segment. NAHB has sponsored a 50+ Housing Council for years which has hosted an annual 50+ Housing Conference.
With the annual NAHB 50+ Housing Conference postponed until next year, NAHB is adding two full continuing education day classes – one each on marketing and sales – to combine with the three-day NARA retirement business conference to create the week of “Boomer and Beyond” education and networking. Both classes are needed to reach the homebuilder Certified Active Adult Specialist in Housing (CAASH) designation.
The week will start with two full day sessions at the Homebuilders Association of Greater Columbia. On Monday, Oct. 18, a Selling to the Active Adult class will be offered, followed by a Tuesday Marketing to the Active Adult class. Both classes will be presented by Jane Marie O’Connor of 55 Plus, LLC in Charlemont, MA. O’Connor is considered to be one of the leading consultants, speakers and trainers in the 55+ building industry. Both sessions will be held at the HBA offices in Columbia.
From Wednesday through Friday, speakers from around the country will converge on the Columbia Metropolitan Convention Center to hear a number of speakers talk about business opportunities and challenges related to the aging of America.
NARA’s central theme? There are several that all point to the same conclusion: aging is becoming big business and its only going to get bigger. For instance, over the next 20 years, more people will be in 65+ age bracket than have ever reached 65. And, remember those Baby Boomers? The first wave of boomers will be reaching that traditional retirement age of 65 next year. There are over 75 million boomers all rapidly heading in that direction.
The implications, as well as opportunities, for business are enormous. NARA speakers will address issues like strategies in building 55+ housing and continuing care retirement communities (CCRC), planning to attracting affluent retirees to your town/city, brain health among older adults, trends in aging and demographics and ways to better market and sell products and services to older adults.
NARA Presenters will include:
*Dr. Joe Gribbin, head of the masters’ program at the Erickson School of Aging at the University of Maryland, who will give a detailed presentation about the future of Social Security and Medicare.
*Dave Reitz, Chicago, Ill. Formerly a leading executive with Del Webb’s Sun City brand, Dave now works in the residential building market targeting 55+ buyers.
*Colin Milner, Vancouver, British Columbia, Canada. Founder and CEO of the International Council on Active Aging (ICAA), one of the world’s visionaries on the health and well-being of the older adult.
*Simon Hudson, Columbia, SC. Chair in Tourism Research at USC. Simon has done extensive research into mature (50+) tourism and will discuss tourism as it leads to retirement in a location.
*John Cromartie, Washington, D.C. A senior demographer at the Economic Research Service, U.S. Department of Agriculture, John has focused on retiree migration to rural areas.
*Gene Warren, Phoenix, AZ. A principal in Thomas+Warren, Gene is a leading authority on where retirees move and why.
*Tom Mann, Baltimore, MD. A principal of TR Mann Consulting and the Tuesday Morning Sales Club. Tom is also a co-founder of the networking group Mature Market Experts. Tom’s clients include senior housing developers, magazines, financial and consumer products and several fitness products, all aimed at serving the boomer and senior markets.
*Richard “Dick” Ambrosius, South Dakota, VP, NeoCORTA, an organization committed to assessing and improving brain fitness among older adults.
The Capital City/Lake Murray Country Regional Tourism Board is the host organization and a Diamond Level sponsor. Other sponsors include the Go Texan state retiree attraction program and the South Carolina Chamber of Commerce. All NARA sessions will be held at the Columbia Metropolitan Convention Center in Columbia’s resurgent downtown “Vista” entertainment district.
##### 30 #####
For more information, contact:
Dan Owens, President, National Active Retirement Association (NARA)
C (704)641-1469 * Toll Free (888)742-7362
Columbia, SC to be “Center of the Boomer Business Universe” with NARA and NAHB 55+ Collaboration
Charlotte, NC (August 17, 2010) – The National Active Retirement Association (NARA) and the National Association of Home Builders (NAHB) will be collaborating to offer 55+ business classes and educational seminars the entire week of Oct. 18-22 in Columbia, SC.
“You won’t be able to find another week of the year that will have more 55+ information, education and networking as this week,” said NARA Executive Director Dan Owens. “If you are interested in catching the Age Wave in business, you’ll want to be in Columbia, SC Oct. 18-22,” he said, adding that “more professionals involved in the building for, selling to and serving 55+ consumers will be in Columbia than anywhere else.”
NARA has hosted 10 annual business conferences for business, non-profit and government professionals who want to learn more about marketing to, building for, serving and doing more business with the exploding 55+ age segment. NAHB has sponsored a 50+ Housing Council for years which has hosted an annual 50+ Housing Conference.
With the annual NAHB 50+ Housing Conference postponed until next year, NAHB is adding two full continuing education day classes – one each on marketing and sales – to combine with the three-day NARA retirement business conference to create the week of “Boomer and Beyond” education and networking. Both classes are needed to reach the homebuilder Certified Active Adult Specialist in Housing (CAASH) designation.
The week will start with two full day sessions at the Homebuilders Association of Greater Columbia. On Monday, Oct. 18, a Selling to the Active Adult class will be offered, followed by a Tuesday Marketing to the Active Adult class. Both classes will be presented by Jane Marie O’Connor of 55 Plus, LLC in Charlemont, MA. O’Connor is considered to be one of the leading consultants, speakers and trainers in the 55+ building industry. Both sessions will be held at the HBA offices in Columbia.
From Wednesday through Friday, speakers from around the country will converge on the Columbia Metropolitan Convention Center to hear a number of speakers talk about business opportunities and challenges related to the aging of America.
NARA’s central theme? There are several that all point to the same conclusion: aging is becoming big business and its only going to get bigger. For instance, over the next 20 years, more people will be in 65+ age bracket than have ever reached 65. And, remember those Baby Boomers? The first wave of boomers will be reaching that traditional retirement age of 65 next year. There are over 75 million boomers all rapidly heading in that direction.
The implications, as well as opportunities, for business are enormous. NARA speakers will address issues like strategies in building 55+ housing and continuing care retirement communities (CCRC), planning to attracting affluent retirees to your town/city, brain health among older adults, trends in aging and demographics and ways to better market and sell products and services to older adults.
NARA Presenters will include:
*Dr. Joe Gribbin, head of the masters’ program at the Erickson School of Aging at the University of Maryland, who will give a detailed presentation about the future of Social Security and Medicare.
*Dave Reitz, Chicago, Ill. Formerly a leading executive with Del Webb’s Sun City brand, Dave now works in the residential building market targeting 55+ buyers.
*Colin Milner, Vancouver, British Columbia, Canada. Founder and CEO of the International Council on Active Aging (ICAA), one of the world’s visionaries on the health and well-being of the older adult.
*Simon Hudson, Columbia, SC. Chair in Tourism Research at USC. Simon has done extensive research into mature (50+) tourism and will discuss tourism as it leads to retirement in a location.
*John Cromartie, Washington, D.C. A senior demographer at the Economic Research Service, U.S. Department of Agriculture, John has focused on retiree migration to rural areas.
*Gene Warren, Phoenix, AZ. A principal in Thomas+Warren, Gene is a leading authority on where retirees move and why.
*Tom Mann, Baltimore, MD. A principal of TR Mann Consulting and the Tuesday Morning Sales Club. Tom is also a co-founder of the networking group Mature Market Experts. Tom’s clients include senior housing developers, magazines, financial and consumer products and several fitness products, all aimed at serving the boomer and senior markets.
*Richard “Dick” Ambrosius, South Dakota, VP, NeoCORTA, an organization committed to assessing and improving brain fitness among older adults.
The Capital City/Lake Murray Country Regional Tourism Board is the host organization and a Diamond Level sponsor. Other sponsors include the Go Texan state retiree attraction program and the South Carolina Chamber of Commerce. All NARA sessions will be held at the Columbia Metropolitan Convention Center in Columbia’s resurgent downtown “Vista” entertainment district.
##### 30 #####
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