A new condominium project is set to break ground in the spring of 2014.
"It's a big deal," said Destin Real Estate Company's Chris Abbott, who is the listing agent for the first Gulf-front condominium to be developed in Destin in the past six years,
The project will be called 1900 98, developers say. The 12-story condominium, designed by Chancey Design Partnership, was originally issued a development order in 2007, according to city records.
It will be located east of the Back Porch Restaurant and Signature Beach along Scenic Hwy. 98. The building will feature 14 single-story residences, wide balconies, and two, two-story penthouses.
"Not many condominium units in Destin offer that much width on the Gulf," said Walt Chancey, of Chancey Design in a press release. "Clean lines, subtle and sophisticated finishes along with near floor to ceiling windows call attention to the Gulf views, making them a primary feature of each residence."
"The views are especially dramatic through the two-story tall windows in the penthouse living rooms," he added.
Not only will the views from 1900 98 be dramatic, according to developers, they can be enjoyed from the 12th floor rooftop, which will boast a pool, hot tub, fire pit, and state-of-the-art fitness center, all with unobstructed, panoramic views of the Gulf of Mexico.
Currently there are dilapidated townhomes on the property, but they are expected to be demolished this fall, making way for the anticipated construction to begin during the first quarter of 2014. Completion is expected within 14 months.
Residences were released to the public on Aug. 21 and can be purchased on a first come, first served basis. Units in 1900 98 boast almost 3,000-square feet and range in price from $1,475,000 for a unit on the third floor to $3,295,000 for an 11th floor penthouse.
To learn more about the project visit www.1900-98.com or call Chris Abbott at 850-259-7069.
Since the real estate crash and recession of the early to mid-2000s, the local area has started to show signs of a recovery. Six years after the original development order was issued, the project's developers are ready to break ground on Destin's newest condo development.
"Changes in the real estate market after the initial approval of the project delayed its release," said co-developer Ricky Rookis of Rookis Investment Partners. "The delay allowed for changes to the original design that incorporate the expectations of today's luxury condominium buyer with a timeless design not yet seen in Northwest Florida."