Canadian Group Plans $30M Florida RV Resort
The former site of a mobile home park in Margate, Fla., may be transformed into a $30 million community for 646 luxury RVs, according to the Fort Lauderdale Sun-Sentinel.
A group of 10 French-Canadian investors, calling themselves Aztec RV Resort Inc., hopes to buy the 106-acre plot south of Southgate Boulevard and east of State Road 7 for $15 million.
Another $15 million would go into making improvements to the site, such as a new clubhouse and landscaping, the group's attorney, Louis St. Laurent. told the Margate City Commission Wednesday (May 6).
The investment group needs to secure adequate zoning that requires several changes, St. Laurent said.
The commission directed city staffers to put the plans on the agenda for the next Development Review Committee meeting in July.
The luxury (Class A motorhomes) RVs cost between $200,000 and $1 million, said Jack Tobin, who spoke on behalf of the investors at Wednesday's meeting.
So far, Tobin said, the developer has been contacted by about 40 people who are interested in buying the lots based on word-of-mouth alone. He said most residents would be part-time residents from other states and Canada.
Commissioner Pam Donovon expressed skepticism.
"I don't believe these are going to be selling like hotcakes like they say they will," Donovan said.
"I don't like that this is all transients. I don't like that there are 646 lots and only about 40 of them are sold. I have a real problem with this."
Other commissioners, however, said it did not matter that the RV residents would be in the area for only a few months a year.
"Many who buy condos only stay for four months," said Commissioner Joe Varsallone. "A bird in the hand is worth two in the bush."