100 Units Sold, Estates at Acqualina Could Break Ground By Year End

The developer of Estates at Acqualina says that sales have been strong lately, with groundbreaking coming as soon as year end.

Jule Trump told Bisnow on August 12 that 100 of 265 units had been sold. He said that he “heard that others are struggling, but if every week goes like this past week, we’ll have a building in the sky very soon.”

Sales velocity is strong enough that they could reach their target numbers needed for groundbreaking by the end of 2016, or in the first months of 2017, he added.

Buyers are being required to place a 45% deposit at the time of groundbreaking. Prices range from $3.9 million to $48 million.

A $10 million sales gallery for the project was launched last month, and plans for a lobby designed by Karl Lagerfeld were also revealed.