Weston’s growth has been carefully planned through the years to preserve the high quality of life in the city. Weston is also committed to the protection of the Everglades and the wetlands that form part of its territory – a factor that greatly affects new developments.
All new builds and developments in Weston are carefully reviewed and monitored. Compliance with the city’s commitment and obligations to the preservation of its surrounding natural features is an important part of the review and approval process.
Many people are thus eagerly awaiting the completion of Botaniko Weston, the city’s first development in 10 years. This new upscale community promises to be faithful to the refined atmosphere of the city while preserving its rich natural setting.
A look at Botaniko Weston
Botaniko Weston, the newest luxury community to rise in Weston, is located in an area that was once part of the Bonaventure Country Club. Botaniko’s developer, Terra, purchased 121 acres of the Bonaventure Country Club to be the site of the new development. Terra is also behind other innovative developments in South Florida, including Grove at Grand Bay and Park Grove.
Home construction for Botaniko started in May 2016, and completion of the first homes is expected after a year. Selling began as early as May 2015.
Botaniko will feature 125 one or two-story single-family homes with five to seven bedrooms, and with sizes ranging from 6,500 to 9,700 square feet. Home prices are between $1.7 million and $3 million.
Homes here will be in the chic, contemporary style, making use of materials like glass, stone, and wood. The architecture is by Chad Oppenheim and Roney Mateu, and landscaping is by JEFRË. The interiors were designed by tennis star Venus Williams’ interior design firm.
The gated, master-planned community will feature lakes, jogging and biking paths, and pocket parks. The gatehouse will be staffed 24 hours every day, and equipped with state-of-the-art CCTV.
Weston’s planned growth has limited the number of new construction around the city. But a number of beautiful new single-family homes, as well as townhome and apartment units, have made it to the market in the last few years. With the city’s careful planning, buyers are assured they get only the best possible property in this highly desirable community.
Real estate investments in Weston
Major real estate investors have recently put their money in some of the city’s biggest commercial establishments and buildings. These include:
- Liberty Property Trust, an $8 billion REIT, which has taken out a $27 million mortgage for two Weston warehouses currently leased to Royal Caribbean Cruises and Actavis
- An affiliate of the Blackstone Group, the NY-based private equity multinational, recently purchased the extended-stay hotel, TownPlace Suites Fort Lauderdale Weston, for $10.2 million
- Private equity real estate company KBS Realty Advisors purchased the Weston Corporate Center I and II in August 2015
- Coral Gables-based Waterway Ventures purchased Waterway Shoppes for $15.3 million in June 2015
Planned major development in Broward County
One exciting prospect for Broward County is the proposed construction of American Dream in Miami Lakes. Occupying 200 acres of land, it is slated to be the country’s biggest mall, and will include attractions like a ski slope, an amusement park, a water park, hotels, and condominiums.
The project is touted to attract foreign tourists, and is seen to impact not just Miami but also its neighboring cities, including Weston.