Real Estate & Land Development Forecast in Florida, 2015

As Florida real estate continues to head in a positive direction, the question is, will it last and which divisions of real estate will prosper most? Wayne Archer Ph.D., the director of The Bergstrom Center for Real Estate Studies and professor at the University of Florida, has forecasted several trends that Florida real estate will see this year. For Central and North-Central Florida, growth is happening in quite a few regions. 

A new development out of Orlando called Lake Nona has already raised $3 billion in capital for the 7,000 acre development of residential units, hospitals and medical research facilities. Orlando’s airport is planning a $1.1 billion dollar expansion program. And The University of Central Florida is increasing its student housing to cater to its 60,000+ study body. Another trend to watch is the revival of senior living developments similar to the Villages, which currently caters to 100,000+ seniors by providing residential living, medical, retail and entertainment components. Looking farther south, Miami is seeing a revival in its residential sector since its low in 2008. More international purchases of homes and condos are helping this revival as more foreigners are choosing Miami for both vacation and retirement. 

Click here for the full article from Forward Florida, or click here for more Front Street news...

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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