Ram Realty

  • Jun
    8

Ram Sells University Center

June 8, 2015

Ram Sells University Center

  • Ram sells commercial shopping center to Jacksonville Retail Center DST
  • University Center is a 102,798 SF property located in Jacksonville, Fla.
University Center - Jacksonville, Florida University Center - Jacksonville, Florida

Palm Beach Gardens, Fla., June 5, 2015 — Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, is pleased to announce the sale of University Center to Jacksonville Retail Center DST, a Delaware statutory trust. CBRE Inc. brokered the sale.

The 102,798 square-foot shopping center is currently 100% occupied and is home to LA Fitness, TJ Maxx, Bealls Outlet, Dollar Tree, McDonalds and CVS. The most recent additions – TJ Maxx and Bealls Outlet – backfilled a former Stein Mart space in 2014 and have both reported strong customer acceptance and positive sales since opening earlier this year.

The asset is located in Duval County at the southeast corner of West University Boulevard and St. Augustine Road, and serves a diverse customer base. Duval County is home to more than 879,000 people, is the largest and most influential county in the region, and boasts an active retail market.

Ram acquired University Center as a part of its Community Reinvestment Partners Fund (CRP), from Melbourne Shopping Centers, Inc. Ram took title of the property on August 6, 2007, completed significant renovations throughout, including the façade, and brought the asset to its current stabilization.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.

###

  • Jun
    8

Downtown lofts could spark new art scene

June 8, 2015

By Brian Entin via WPTV


WEST PALM BEACH, Fla. – There is plenty of new construction in Downtown West Palm Beach, but is ‘old’ becoming the new ‘cool’ downtown?

One of the oldest buildings in the downtown area is revamped into loft style living.

Alexander Lofts was once the Southern Bell building built in 1926.

It will soon open as downtown’s first historic, loft style development.

“The building had such great character and it was an opportunity for us to use design and art to create value in an existing building,” Jennifer Stull-Wise with RAM Real Estate said.

The loft style apartments have open layouts with huge windows in the historic space.

A spray painted mural is getting a lot of attention on the side of the historic building.

“I think it is absolutely beautiful. The first time I got to West Palm, that is what I noticed walking down the street,” downtown resident Ariel Harbour-Laxton said.

Downtown realtors say development is on the rise and West Palm Beach is on the verge of a boom.

“There is just a demand for the city in general. People want to be here. You look at availability in the buildings and new product is always in demand,” realtor Brent Enck said.

A number of other artsy locations are popping up along Fern street, including a coffee shop and art gallery.

“People love vintage and they love modernizing vintage. That will draw in a nice younger crowd,” Harbour-Laxton said.

The developer of the lofts is also building a park next to the building that will feature a sculpture garden.

To view this feature on WPTV.com, click here.

  • May
    13

Ram Sells Laguna Oaks in Orlando, Fla.

May 13, 2015

  • Ram sells Laguna Oaks to 3211 Semoran, LLC
  • Laguna Oaks is a 360-unit garden-style apartment community in Orlando, Fla.

Orlando, Fla., May 13, 2015 – Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has announced the sale of Laguna Oaks to 3211 Semoran, LLC.

Laguna Oaks is a 360-unit, garden-style apartment community located in southeast Orlando on South Semoran Avenue. The property enjoys easy access to downtown Orlando and the Orlando International Airport as well as waterfront views of Lake Fredrica. Laguna Oaks offers a host of unique amenities including a boat ramp, fishing pier, waterfront gazebos and picnic area, sand volleyball court, heated spa, swimming pool, and a state-of-the-art fitness center.

Ram acquired Laguna Oaks – formerly The Resort at Lake Fredrica – in December of 2012 from Waterton Residential, and immediately commenced rebranding and renovation of the aging apartments. Community enhancements comprised repainting, landscaping, new outdoor furniture, complete renovation of the clubhouse and lakeside deck, addition of a summer kitchen and business center, and the relocation of an expanded fitness center. Ram also updated 111 units with new appliances, countertops, cabinets, carpeting and modern lighting fixtures.

“Laguna Oaks allowed Ram to fully utilize our acquisitions, re-development and management resources to create a new sense of place in a well known apartment community in Orlando,” said Jennifer Stull, Ram Managing Director of Asset Management. “The neighborhood improvements along Semoran Ave., and the rebranding of the community were well timed to provide both residents and investors the greatest return on the dollars invested.”

CBRE brokered the sale.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.

###

  • May
    11

RAM FILES HABITAT CONSERVATION PLAN WITH USFWS FOR CORAL REEF COMMONS

May 11, 2015

MIAMI, MAY 8, 2015 – Ram announced today it has filed a Habitat Conservation Plan (HCP) with the US Fish & Wildlife Service (USFWS) for the development of Coral Reef Commons, a 138-acre residential and commercial community in southern Miami-Dade County. The plan calls for 52 acres to be dedicated in perpetuity as preserve. It also includes installing approximately 4 acres of pine rockland plantings within the residential areas, known as “stepping stones.”

Coral Reef Commons was approved by Miami-Dade County in 2013 after eight public hearings. Last July, the Fish & Wildlife Service expressed concern about species that were then being added to the endangered list in the Richmond area, where Coral Reef is located. In response to that concern, Ram decided to delay commencement of the development and instead to undergo consultation with USFWS and to develop a Habitat Conservation Plan.

The plan is a science-based document that includes a survey of species and habitat. The surveys found evidence only of one federally listed wildlife species utilizing habitat within CRC—the Bartram’s scrub-hairstreak butterfly, listed after Ram purchased the property. The survey of habitat describes current conditions and contrasts those with conditions that will prevail on site following the restoration and maintenance of the 52 acres of preserve. The initial cost to restore the preserves to a maintenance level, funded through development of the property, will approach $2 million. An annual maintenance program thereafter and a covenant that runs with the land will insure that the quality of pine rockland and its carrying capacity for species of concern will be enhanced and maintained in perpetuity.

The 86 acres that are being developed consist primarily of disturbed upland and previously developed land. Within the development footprint, only 33 acres of pine rockland can be found, of which 77 percent is considered degraded.

“Although the decision to file this plan will delay the project by more than a year, it has given us the opportunity to respond to expressed concerns and to enhance the plan from an environmental standpoint,” said Ram Chairman Peter D. Cummings. “An additional 12 acres have been added to preserve, including the ‘stepping stones’ located within the residential areas to improve connectivity between the preserve areas. The east and west preserves, previously disconnected, have been joined by the creation of a 50-foot wildlife corridor on the southern border of the property.”

The Coral Reef property was initially developed in the 1940’s as the Richmond Naval Air Base and subsequently was acquired by the University of Miami and utilized as a South Campus and for medical research purposes. Coral Reef Commons is designed to include 900 garden-style residential apartments, a Walmart store and several other retailers and restaurants. The site is located on the south side of Coral Reef Drive (SW 152 Street) at SW 127 Avenue, just to the north of Zoo Miami.

  • Apr
    14

That village vibe: South Floridians embracing developments with residential, retail units

April 14, 2015

By Johnny Diaz via the Sun Sentinel

South Florida is feeling the village vibe.

The Manor at Flagler Village in Fort Lauderdale, The Mark at CityScape in Boca Raton and other soon-to-come, residential-retail complexes are adding to a growing urban sprawl, as people look to move into the greater downtown areas and enjoy shops and restaurants just a short walk away from their doorsteps.

“We were seeing a suburban model for so many years. People are shifting back to the city center,” said Barbara Blake Boy, executive director of the Broward County Planning Council. “I think it’s an attraction to the amenities and what the downtowns have to offer.”

CityPlace in West Palm Beach, Royal Palm Place in Boca Raton, The Venture in Aventura and The Residences at the Village of Merrick Park in Coral Gables all have led the way toward more of these mixed-use developments. Developers and analysts agree there is demand for complexes with businesses on the ground floor and residential units above.

The 12-story Via Mizner, which will have luxury residential rental units and shops, is under construction at the corner of Federal Highway and Camino Real.

And later this year, The Related Group, which developed The Manor at Flagler Village, is expected to break ground on West Palm Beach Marina Village. The mixed-use development would feature six towers of 1,059 units, 15,000-square feet of restaurants and 10,000 square feet of retail stores, according to the developer.

Agave Ponce LLC has proposed building a Mediterranean Village on the former Old Spanish Village site on Ponce Circle in Coral Gables.

Some South Florida architecture experts say these urban complexes stand out in style and function, contrasting with what’s traditionally been built in the region.

“What’s really important about these new buildings is their relationship to the city,” said David Rifkind, an associate architecture professor at Florida International University, in an email. “They engage the city, rather than wall themselves off from it.

“Many of these complexes include ground-level retail [shops and restaurants] that foster a lively street life, and create public spaces open to both residents and non-residents. That creates the kind of rich, vibrant community that we see in the Art Walks in FAT Village, and which are typically missing in developments.”

Jeffrey Huber, an assistant architecture professor at Florida Atlantic University, thinks the region is seeing more of these mixed-use developments “because the market, like municipalities, are rediscovering ‘walkable urbanism’ … Homebuyers are willing to spend more to be within a certain distance of urban retail development, and the market is merely reacting to this demand.”

At The Manor at Flagler Village, flags hang off street poles touting “Beach, Urban, Chic.” The development has a beachside resort-type feel but is blocks away from downtown Fort Lauderdale skyscrapers. It has a clubhouse, fitness center, and daytime music playing on the speakers above the pool (as well as underwater).

New residents Dennis and Amanda Weiss say they moved to South Florida from just outside Houston, Texas, seeking a warmer climate and a close proximity to the beach and downtown. They found The Manor online and liked “the amenities, the pool, the fitness center, the restaurants going up,” said Dennis Weiss, 25. “It’s like a luxury community.”

Open since last summer, the complex off Federal Highway and Northeast Fifth Terrace offers luxury studios, one-bedroom and two-bedroom units, with monthly rent starting at $1,700.

There’s also a courtyard with towering bamboo trees and a fire pit, creating a Zen-like garden. Colada Cuban Coffee House and Eatery and the Mellow Mushroom pizza place are scheduled to open next month, developers say. A nail and hair salon and a craft beer bar also are in the plans.

“It creates a village for people, for pedestrians to walk around and shop and enjoy the nightlife as well,” said Arturo Peña, vice president and development manager at The Related Group.

“We definitely think it’s sprawl, it’s urbanism, people who want to be able to walk to the grocery store, walk to retail and not rely on their car,” added Peña, whose complex is 80 percent full. It sits next-door to another new complex, The Edge at Flagler Village, which has 331 units.

In Boca Raton, the 12-story Mark at CityScape is expected to officially open in May with 208 units and more than 18,000 square feet of restaurant/retail space on the ground level, according to the developer. Staying true to Boca Raton’s traditional Addison Mizner style of architecture, the white-hued complex features a Spanish red-tiled roof.

The development has allowed some residents to move into their studios, one-bedroom and two-bedroom units in March, with rents averaging $2,100 a month. Officials for the developer, Ram Realty Services, said they are negotiating leases with a yoga studio and restaurants for the ground floor.

Mixed-use developments are attracting a diverse mix of folks, said Hugo Pacanins, a managing director of residential development at Ram Realty Services.

“You have some younger professionals that work in Boca or close to Boca and they don’t want to live out west. And you have an older population, empty-nesters who don’t want to live in the big house in West Boca,” he said.

“A lot of people are downsizing from big homes and moving into downtown locations because they want to have the ability to walk to the restaurants or walk to Trader Joe’s … They are willing to sacrifice the space, the size of the unit, to live in a downtown location,” Pacanins added. “We are trying to create a destination.”

Johnny Diaz can be reached at johnnydiaz@sunsentinel.com or 954-356-4939.

  • Apr
    3

TJ Maxx opens at University Center

April 3, 2015

Jacksonville, Fla. (April 3, 2015)— Nationwide retailer TJ Maxx hosted hundreds of customers in its grand opening at Ram’s University Center in Jacksonville, Fla., last weekend. TJ Maxx backfilled 24,067 square feet of the former Stein Mart space, bringing occupancy to 100%. Beall’s Outlet occupies the remaining 21,020 square feet of the former Stein Mart space.

Located at the SE corner of W. University and St. Augustine Road, University Center boasts 102,7898 square feet of retail space and serves a diverse customer base. Other notable tenants include LA Fitness, Dollar Tree, McDonald’s and CVS.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina.

IMG_0387      IMG_1760

  • Mar
    25

Peace, Love & Wellness Music Festival Returning to Midtown

March 25, 2015

Palm Beach Gardens, FL (March 17, 2015) Yoga for kids, mural painting, ‘play-an-instrument’ children’s tent and more join the Mainstreet at Midtown’s 3rd Annual Peace Love & Wellness Music Festival on April 11 from Noon to 4 p.m. Featuring live performances from Ketchy Shuby and Hip Abduction on the main stage, the afternoon block party showcases healthy lifestyle vendors and family fun. Additionally, Midtown’s own Cantina Laredo will host a “Yappy Hour” inviting people to bring their dogs on leashes and Big Dog Ranch Rescue will be on hand with furry friends for adoption.
Attendees to the coolest block party of the year can participate in free yoga classes in The Yoga Zone, visit Midtown restaurants and food trucks for lunch, take the family to the interactive kid’s zone, browse an eclectic range of vendors and partake in massages and demonstrations.
Vendor space is available for the event by contacting Belle Forino, Marketing Manager for Mainstreet at Midtown, by phoning 561.282.4623 or emailing bforino@ramrealestate.com. The day’s events for this year’s Midtown Peace, Love & Wellness Music Festival are as follows:
FAMILY FUN

KIDS ROCK N ROLL TENT: Kids try ROCK N ROLL instruments in a real band setting with musicians who will demonstrate the basics of playing a variety of musical instruments.
 
PAINTING ACTIVITIES with The Lighthouse ArtCenter
 
FACE PAINTER
 
KIDS YOGA with Palm Beach Athletic Wear & Yoga
Noon – 12:30 pm at The Yoga Zone

Kids Band (TRAFFIC JAM): Performing at the KIDS ROCK n ROLL TENT run by LIVE MUSIC COMMUNITY.
1:45 pm – 2 pm
 
BIG DOG RANCH will be bringing dogs for adoption.
 
LIVE MUSIC on the MAIN STAGE
Ketchy Shuby Noon – 1:30 pm
The Hip Abduction 2 pm – 4 pm
YOGA ZONE with Palm Beach Athletic Wear & Yoga
BYO Yoga Gear for free yoga classes. 
Noon – 12:30 – Kids yoga class with Miss Chrissy (30 minutes)
12:45 – 1:15 – Gentle / Basic Yoga (30 minutes)
1:15 – 1:45 –  Gentle/Basic Yoga (30 minutes)
2:45 – 3:15 – Gentle/Basic Yoga (30 minutes)
PETS
FUNDRAISING RAFFLE supporting BIG DOG RANCH 
Tickets sold at: The MIDTOWN and BIG DOG RANCH tents and at CANTINA LAREDO’s YAPPY HOUR.
 
YAPPY HOUR at Cantina Laredo
Noon to 4 pm
Bring your dogs and party with friends of Big Dog Ranch at Cantina Laredo’s YAPPY HOUR during the MIDTOWN PEACE LOVE & WELLNESS MUSIC FESTIVAL. Dogs on the leash are welcome.
 
DONATE YOUR OLD YOGA MAT
Palm Beach Athletic Wear & Yoga is inviting everyone to bring their old yoga mats and old linens to donate to Big Dog Ranch.
IN-STUDIO DEMOS
PALM BEACH ATHLETIC WEAR & YOGA 
Studio FREE
1:30-2:30 – Beginner Anti-Gravity Yoga Fundamentals
3:00 – Aerial Yoga Demo
3:15 – Aerial Yoga Demo
3:30 – Aerial Yoga Demo
3:45 – Aerial Yoga Demo
 
CORE EVOLUTION
Introduction to the Megaformer Classes. Each class can hold 10 people. Sign up at the studio to take a FREE class. 
1:15-1:30  
2:15-2:30
3:15-3:30
FOOD
Cantina Laredo, Veggie Express and Rock in Roll Out will all be offering healthy samplings along with:  Christopher’s Kitchen, Chipotle and Saito’s.
The 3rd Annual Midtown Peace, Love & Wellness Music Festival grooves in on April 11 from Noon until 4 pm at Midtown PGA 4801 PGA Blvd. in Palm Beach Gardens. The event line-up joins the dining and shopping destination’s 12-week free concert series, Music on the Plaza; the swede fest™ palm beach amateur film festival and more.
FOR CALENDARS:
DATE: Saturday April 11, 2015
TIME: Noon to 4 pm
LOCATION: Mainstreet at Midtown
4801 PGA Blvd. in Palm Beach Gardens
 
ENTERTAINMENT: A mix of live bands spreading good vibrations, wellness vendors, demonstrations, yoga classes, kids zone, “yappy hour” and additional food and drinks available.
For information about the bands, available sponsorships and other details, contact Belle Forino, Marketing Manager for Mainstreet at Midtown, by phoning 561.282.4623 or emailing bforino@ramrealestate.com. Website:http://www.midtownpga.com
 ###
MEDIA CONTACT
Elizabeth Dashiell
561-543-8276
palmbeachpr@yahoo.com