Altman Companies To Build 300-Unit Rental Development in Pembroke Pines, FL Altis at Sheridan Village to Showcase Innovative Eco-Friendly Features

PEMBROKE PINES, Fla., Oct.19, 2012 /PRNewswire/ -- Boca Raton, Florida-based The Altman Companies today announced they have closed on 34-acres in western Pembroke Pines and will start construction on Altis at Sheridan Village.

The 300-unit leading edge apartment community, featuring a mix of one, two and three-bedroom apartments, will offer lake and wetland preserve views along with a resort style clubhouse with beach entry pool and spa, pool activities pavilion with fireplace, TV's and outdoor kitchen, cabanas, playground, beach volleyball court, dog park with bathing station, soccer field, a jogging/walking path, vast amount of open space, and a unique opportunity for residents to grow their own organic vegetables and herbs on 10' x 10' plots complete with a composter.  The new community will be located on Sheridan Street, just west of  I-75.

Altman emphasized that the eco-friendly design of Altis at Sheridan Village incorporates the creation of a 10.5 acre pristine wetlands with planting of native trees and flowering lilies to replace the non-native, invasive Melaleuca trees that now populate the site.

 Development lender is BB&T and equity partner is Sarofim Realty Advisors.

"Altis at Sheridan Village demonstrates our commitment to building first class residential rental communities with a high degree of sensitivity toward our environment, sustainability and a home for our residents to have an Exceptional Living Experience," said Joel Altman, Chairman of The Altman Companies.

One of the leading multifamily developers in the Southeastern U.S., The Altman Companies recently broke ground at Altis at Coconut Creek, a 270-unit rental development on Wiles Road between Lyons Road and State Road 7, near the Promenade Shopping Center.  Vertical construction is expected to begin this month. Altman is also planning a new rental community in Kendall in Miami-Dade County which will start in December of this year.

Last year, The Altman Companies started Altis at Grand Cypress, a 258-unit development planned for New Tampa in Pasco County, Florida.  Construction is nearing completion, models are open and leasing is going exceptionally well, with our new residents already enjoying their new apartment home, according to Altman.

For more information on The Altman Companies, go to www.altmancos.com.

SOURCE The Altman Companies



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