New Construction Projects in Ft. Lauderdale Win Attention of Real Estate's Tom Cabrerizo

PHILADELPHIA, PA, June 20, 2013 (Press-News.org) For real estate professional Tom Cabrerizo, the state of Florida is one that has always proven rich with opportunities for development. Such is the reason why Cabrerizo founded and is the current CEO of Miami-based CFH Group--a real estate firm specializing in multi-family and commercial properties. Noting the true value and promise of Florida in terms of real estate growth, Cabrerizo highlights a recent article from The Sun-Sentinel-- that reveals the great potential behind the current development of Fort Lauderdale's downtown area.

The article states, "There's a wave heading toward the city's downtown and it's full of economic promise. It's carrying thousands of new residents who will be calling downtown home as new construction is completed and additional projects get underway. The downtown's estimated population of 8,200 based on 2010 Census data could grow eventually to more than 45,000, according to city estimates. Right now, the approved projects alone could almost double the downtown population."

As a professional who has focused on developing apartment communities, Tom Cabrerizo explains, "The growth of multi-family residential real estate in Fort Lauderdale is indicative of commercial growth in the area. While this news is exciting for those in the real estate industry, it is also significant for local commerce as well. With more people and strategic development, new businesses can thrive and people can find work--and better yet, they will be able to live affordably."

In terms of attracting new residents, Tom Cabrerizo states that the downtown Fort Lauderdale could interest young professionals--such as those falling into the millennial demographic.

"Millennials are a highlight for those in apartment development right now. Multi-family properties that offer modern amenities and are in a thriving metropolitan area are likely to appeal most to this younger generation; the proposed growth in Fort Lauderdale is likely to achieve these elements."

Noting this same possibility The Sun-Sentinel quotes Adriana Fazzano, a 27-year-old professional who still lives at her parents' home. She states, "As a young professional who is trying to save as much as possible, I'm interested in new affordable housing in the downtown area...If I could move into a luxury building for $1,100, I would do it in a heartbeat."

While many developers are focusing on the positive possibilities of the new real estate growth, the article highlights concern that "the population influx will overburden downtown resources." In response, Tom Cabrerizo explains, "The potential is there, but everyone involved in the development will need to focus on strategy and efficiency if they want to create a viable area, instead of one that fails to deliver."

ABOUT:

Tom Cabrerizo is the founder and CEO of CFH Group, a privately-held Miami-based real estate corporation that acquires under-valued, under-managed, and physically distressed apartment communities and commercial properties in superior locations at highly competitive prices. Since 2003, CFH Group has been responsible for the acquisition and operation of more than 18,000 residential units and over two million square feet of commercial property throughout the Southeast. In addition to his professional pursuits, Tom Cabrerizo enjoys travelling, spending time with family, as well as charitable work--such as supporting the Lotus House Women's Shelter.