Multi-million-dollar land acquisition completed, marking another milestone in Perdido Key’s latest beachfront development

PERDIDO KEY, FL (May 15, 2017) – The sixteen miles long island of Perdido Key, Fla. is well-known for its laid-back vibe, but progress at The Meridian has been moving along at a brisk clip since developers announced plans for the 15-story luxury condominium.  Meridian Realty Advisors, L.P., based in Dallas, Texas has once again partnered with Destin, Florida based JGM Development Group on the heels of the very successful and nearly sold out Vista Del Mar project also on Perdido Key.  The development team has announced that they have arranged the multi-million-dollar acquisition of the 300 feet of beachfront property on which the new luxury condominium tower will be constructed.  In addition, there are plans underway to open an on-site sales office in June.

Buyer interest in the luxury condominium project, designed by the world-renowned architectural and interior design firm Wilson Associates, has surpassed the developers’ expectations—and they predicted strong interest all along based on the success of Vista Del Mar, located just down the beach, the stunning architecture and spacious living areas included in the design. “We think Perdido Key is one of the most beautiful locations in the world for buyers looking for a beachfront home,” said Curt Boisfontaine, of Meridian Realty Advisors. “There is a rich history here, incredible weather and some of the most beautiful beaches in the world.”

There is also affordability. The cost for waterfront property on Perdido Key compares very favorably to nearby Gulf Coast destinations, a key factor for many buyers.

Loosely translated as the “Lost Key,” Perdido Key is tucked away between Orange Beach, Ala., and Pensacola, Fla. More than 60 percent of the key is comprised of state and national parks, preserved forever from development. Its sugar-white quartz sand beaches have been named some of America’s best by USA Today and Coastal Living.

For those who live here, it’s paradise.  And each of The Meridian’s 41 spacious residences offer unobstructed views of it all and will include very large outdoor living areas with summer kitchens, top of the line appliances and interior finishes.  Elevators with will carry residents of The Meridian directly to their beachfront residences from the common amenity level and the parking levels which will offer 2 parking spaces per residence.

The residences range in size from approximately 2,900 square feet to 3,750 square feet on typical floors. The outdoor terraces designed for each of the residences will add a considerable amount of very usable living area.  There will be 2 penthouse units each of which will have approximately 5,000 square feet of interior space and over-sized outdoor living area. Each of The Meridian residences will come with its own gourmet kitchen, spacious bedrooms and a 60-foot expanse of floor-to-ceiling windows overlooking the Gulf of Mexico and Lost Key golf course and the inter-coastal waterway. Pre-construction prices start at $1.1 million and are currently available for reservation.

The exterior of the exceptionally well designed 15-story structure is wrapped in white stucco and glass and crowned with a roof “inspired by the unique shaped of the homes in Bermuda.” “The Meridian will be viewed as a game changer on Perdido Key. The architecture and interior design will raise the bar for future condominiums on the Key.  The Meridian is intended to appeal to those that appreciate these upscale contemporary design elements and a more intimate living experience with only 41 total residences” said Boisfontaine. Shared amenities will include a beachfront outdoor pool and heated indoor pool, sauna, steam room, secluded poolside cabanas and bungalows, a catering kitchen, poolside bar and gulf-front fitness center.

The developer stated that full-scale construction will begin by the end of the year, with a target completion of late summer 2019. The company plans to hire hundreds of workers throughout the construction phase.

 

###

 

About The Meridian

A new, iconic landmark, The Meridian is a collection of welcoming residences and world-class amenities whose elegance rivals anything on the Gulf Coast. It is a first-of-its-kind offering, set on 300 feet of pristine beachfront on Perdido Key. The Meridian is an extraordinary place for celebrating the good life every day, with the people who mean the most to you, and its ready to be discovered — Now. For more information, visit www.meridianperdido.com.