Seabourn Cove, the largest green multifamily community in the country, doesn’t have a decorated model open, yet rentals are being snapped up as quickly as each new building opens its doors. Nearly 50% of the projected 456-townhome community in Boynton Beach, Fla., is leased out, primarily, says the development team, because of its energy- and money-saving green features.
“Today, to hit the market, you have to look at the end user,” says Rick Lococo, managing partner of Seabourn Cove. “We have people waiting in lines. The velocity is fantastic. These people can all buy homes, but they want to live in high-end units. They are educated and prefer energy efficiency and are concerned about the environment.”