Ascent at the Phoenician, a $350M, 195-unit luxury condo community planned by Replay Destinations, recently moved a step closer to reality with the developer’s purchase of 32 acres near the Phoenician Golf Club.
Replay bought the land from The Phoenician’s owner, Host Hotels & Resorts, for $65M and subsequently sold a 51-lot portion to single-family developer Cullum Homes for $30M.
The first 30 condos Replay intends to build near the golf club’s first fairway are planned at 2.5KSF-3KSF. Replay will also serve as master developer for Cullum Homes’ luxury custom single-family project. (Source)