The Village at Victoria Park Aerial View

FORT LAUDERDALE, Fl – BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX) (“BBX Capital” or “BBX”), announced today that its joint venture partner, New Urban Communities, has sold out all 30 homes in its “The Village at Victoria Park” community in Fort Lauderdale, Florida.

In 2014, BBX Capital Real Estate entered into a joint venture agreement with New Urban Communities to develop The Village at Victoria Park. The project was a 50%-50% joint venture with New Urban Communities serving as the developer and manager.

The Village at Victoria Park, located near downtown Fort Lauderdale in the highly desirable Victoria Park neighborhood, was built on a 2.3-acre parcel, which was previously a part of the original BankAtlantic headquarters site.  The gated community consists of 30, two-story cluster homes, designed with a mix of Santa Barbara and Bermuda Dutch style architecture, with private courtyards, ten-foot ceilings, two car garages, gourmet kitchens and open floor plans.  Sale prices in the community ranged from the high $600’s to the low $900’s. The community attracted mostly local buyers, typically professionals, business owners and empty nesters, but also some second home buyers from Northern and Mid-Atlantic states.


About BBX Capital Real Estate:  BBX Capital Real Estate is active in the acquisition, ownership and management of real estate development projects and investments in joint ventures.  BBX Capital Real Estate also holds legacy assets previously owned by BankAtlantic consisting of loans and charged off loans and judgments. For further information.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG) is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with approximately 212,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks as of March 31, 2018. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.

About New Urban Communities: New Urban Communities was founded 18 years ago by Kevin Rickard and Tim Hernandez. New Urban specializes in infill and redevelopment projects throughout South Florida.  New Urban uses timeless traditional community planning principles to create beautiful communities designed to stand the test of time. New Urban’s communities are located to close to employment, entertainment, shopping, and cultural and recreational destinations. Current and upcoming developments include Azul in Stuart, Pompano Beach Fishing Village in Pompano Beach, Margate City Center in Margate, the Village at Wilton Manors in Wilton Manors and the Parks at Delray in Delray Beach.  For further information, please visit www.newurbancommunities.com or www.pbpier.com.

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