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Published: September 02 2015

FORT LAUDERDALE, FL -- BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX), announced today that it had made a minority investment in LABEL & CO.’s new boutique townhome community in the heart of Pembroke Pines, Florida – Centra Falls.

Located in Pembroke Pines, Centra Falls is planned to comprise of 89, luxury two and three story townhouse units. Located on an approximate eight acre parcel, the gated community features five distinct floor plans featuring 10’ ceilings, impact windows and doors, energy-saving features, two-car garages, brick paver roads and options such as double master-suites and elevators. All residents will enjoy a private clubhouse, resort style pool and spa, fitness center, a community park and a tropical pool garden.  Centra Falls units will be priced from the mid $300’s to the high $400’s. The community’s Grand Opening is planned for late 2015.

Located on the west side of Flamingo Road (between Sheridan Road and Taft Street), Centra Falls’ unparalleled location includes close proximity to restaurants, shopping, recreation, “A” rated schools, medical facilities and easy access to major highways. Centra Falls is conveniently located within walking distance to Starbucks, Fresh Market, LA Fitness, and other leading retailers.  

Located in southwest Broward County, Pembroke Pines is the tenth largest municipality in Florida and home to over 160,000 residents.  Pembroke Pines has been identified as “one of the best cities to live in America,” and was ranked by Money Magazine as #32 in the top #50 "Best Places to Live 2014.

“Pembroke Pines is a growing community and homes here are highly desirable because of their location to excellent schools, employment centers, parks, golf courses, shopping and entertainment,” commented Seth Wise, President of BBX Capital Real Estate.  “We are pleased to be investing with LABEL & CO. on this project as we continue to build our investment portfolio focusing on high quality assets and locations,"

“Pembroke Pines is one of the great markets in South Florida,” said Harry Posin, President of LABEL & CO.  “We are very pleased BBX Capital Real Estate has chosen to invest in the development of Centra Falls.” 

BBX Capital Real Estate is a division of BBX Capital Corporation.

About BBX Capital Real Estate:
BBX Capital Real Estate, a division of BBX Capital, specializes in the development, operation, management, and investment in residential and commercial real estate and real estate lending. BBX Capital Real Estate is a division of BBX Capital Corporation.  For more information, please visit www.BBXCapitalRealEstate.com.