Vacant trailer park transformed with lakes, Class A apartments
The Cypress Hammocks Apartments development shows that even a suburban area like Coconut Creek can benefit from redevelopment.
Developer Alliance Residential took a former mobile home park and turned it into a 396-unit project with two new lakes, walking trails, a resort-style pool and even a dog park.
About 75 percent of its boundary are county nature preserves, which creates a secluded private feel, says Michael Ging, managing director for Alliance Residential. “The site itself was one of the best garden sites I’ve seen in many years.”
There’s plenty of dining and shopping nearby, including the Walmart Supercenter just to the west on Hillsboro Boulevard.
Broadstone Cypress Hammocks mirrors the trend in Class A rental apartments by having condo-like elements, such as 9-foot ceilings, stainless steel appliances, granite counters and full-size washers and driers, Ging says.
The development’s National Association of Home Builders Green Bronze status was reached by having energy efficient lighting and appliances.
The clubhouse is the same as the one at Alliance’s Broadstone North Boca Village, says Ging. The Boca development was a 2013 NAHB finalist for best rental apartment community in the non-garden, five stories or less category.
Even though the Coconut Creek project is suburban, it’s somewhat like an urban infill redevelopment, Ging says. The redevelopment trend is strong in Broward County as the county gets closer to build out.
The project is an example of how Coconut Creek has attracted major developers.
Ging says Alliance has been ranked as the nation’s largest multifamily developer by Multifamily Executive Magazine and the company’s website says it has invested in $3 billion worth of property and manages a $9 billion portfolio.
Broadstone Cypress Hammocks
Number of units: 396
Unit square footage: 734 to 1,411-sq.ft.
Price range: $1,260 to $3,000 a month
Developer: Alliance Residential
Status: 90 percent leased
Address: 5201 W. Hillsboro Blvd.
• Two-story clubhouse
• Movie theater
• Two lakes with gazebos, paths and picnic tables
• Walking and jogging trails
• Resort-style pool and pavilion
• Health and fitness center with cardio studio and massage room
• Game room
• Cyber café
• Bark Park