Krystal Key Beach Resort, a new condominium development, is now pre-selling Gulf-front luxury residences, per a news release. The project is located at 16567 Perdido Key Drive in Perdido Key, Florida, near the Alabama state line and Orange Beach. Plans are in place for construction to start sometime in early 2019.
Located on 200 feet of beachfront on the Gulf of Mexico, the 10-story project will feature 30 four- and five-bedroom units with direct views of the Gulf. The development is now in the preconstruction phase. Residences will range from 2,340 square feet for a four-bedroom unit to 3,909 square feet for the remaining penthouse. Individual unit sales prices range from $1,395,000 to $2,995,000.
Krystal Key Beach Resort is being developed in partnership with Krystal Key Holdings, LLC, and Advantage Real Estate, with Henry Norris & Associates working as the architects. Key principals affiliated with the project reportedly collectively have more than $1 billion in real estate developments along the Alabama Gulf Coast and Florida, and reside in coastal Alabama and northwest Florida.
The resort includes 14 corner units with four bedrooms and four baths and 14 interior units with four bedrooms and four baths, including two Gulf-front master bedrooms. Two corner penthouses feature five bedrooms and 5 1/2 baths. All residences include floor-to-ceiling windows and balconies ranging from 661 square feet to 996 square feet.
Parking onsite will include three spaces for the four-bedroom units, with one space reserved, and four spaces set aside for the penthouse units, with two spots reserved. Residents will have access to private mailboxes and there will also be additional owner storage accessible from the elevator lobby area.
Amenities include an outdoor pool, indoor pool and a lazy river. A zero-entry kiddy pool and a Gulf-front whirlpool spa add to the project›s family-focused features. The penthouse level will include a Gulf-front fitness center with separate dressing rooms, showers and wet and dry saunas.
“With only 30 units, this will be a very desirable, intimate beach-side setting, with a big project amenity package,” Rick A. Phillips, co-owner of Advantage Real Estate and manager of Krystal Holdings, LLC, said. “There will be strong rental potential for owners because the project won’t be rent restricted.”
Commercial real estate moves
• Signarama, an international, full-service sign and printing company, is leasing some 1,500 square feet of retail space at 2127 Hickory St. in Loxley. Local franchisee Terry Bowen plans to start construction on the new store soon, with an anticipated opening date to be announced. Andrew Dickman with Stirling Properties represented the landlord in the transaction.
• Lafayette Land recently reported it has started construction of the Old Majestic Brewery at 656 St. Louis St., in the Automobile Alley Historic District of downtown Mobile behind The Cheese Cottage. Old Majestic will be housed in a converted 1920s cotton warehouse, which was dismantled and moved to Mobile from Greenwood, Mississippi. The building has metal arches, skylights across the entire roof and large windows.
Lafayette Land also recovered some 70,000 bricks from the old building and will be using them to historically reconstruct the building, according to Heather Huffman of Huffman Real Estate, who handled the transaction. Old Majestic is targeting an opening date of early 2019, around Mardi Gras season.
• Courtyard Café is opening a new location inside The Shoppes at Brookley, a retail strip center located at the entrance to the Mobile Aeroplex at Brookley. The new home-style cooking café will occupy some 1,881 square feet of retail space at 1976 Michigan Ave., with plans to open sometime in December.
The new café joins New Horizons Credit Union, leaving one 1,200-square-foot unit available for lease, according to Amanda Goldman and Nathan Handmacher with Stirling Properties, who represented the landlord in the transaction.
• Local investors recently purchased 76 acres fronting State Highway 181, Fairhope Avenue and Gayfer Road in Fairhope for $5.4 million, according to Allan R. Cameron Jr. and Niki Coker of NAI Mobile, who represented the sellers in the transaction.
• Ohana Poké has leased some 1,264 square feet of space on the first floor of Phase I of the Portico, a new mixed-use project under development at 561 Fairhope Avenue in downtown Fairhope. It is the first poké restaurant to break ground locally, according to Jeff Barnes with Stirling Properties, who handled the lease transaction as the commercial broker for Portico. The Hawaiian-themed eatery joins ServisFirst Bank as a new tenant of the building and plans to open early next year.
Ruby Slipper Café switches to paper straws
The Ruby Slipper Café recently announced it will soon offer drinking straws only upon request, and only paper straws, as part of the New Orleans-based restaurant chain’s efforts to create a sustainable environment. The new initiative will begin at all Ruby Slipper Café locations, including Mobile, starting this month.
“We are excited to begin this new biodegradable straw initiative,” said Ruby Slipper Café owner Jennifer Weishaupt. “Our shift to paper straws will save more than 330,000 plastic straws annually.”
Soon, if a guest requests a straw, he or she will receive a paper straw. These new straws are compostable, 100 percent biodegradable and free from chemicals and toxins.
Weishaupt added this was not only an easy decision from an environmental standpoint, but also from an economic point of view.
“Paper straws will cost us only one penny more than plastic straws,” Weishaupt said. “This is a negligible price to pay to help our environment across the Gulf South. We are committed to improving the lives of our customers and community, and this is a small step to help us accomplish just that.”
Additional eco-friendly initiatives at various locations include the implementation of TrueGrid, a permeable paving system designed for better water management, and cardboard balers, which allow waste product to be recycled, effectively cutting local trash pickup in half.
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