CLAWSON, Mich., June 29, 2021 /PRNewswire/ -- The GSH Group, an experienced team of highly qualified and innovative multifamily real estate investors, acquired its first Florida property on June 25, 2021, for $62.8 million. The Preserve at Spring Lake is a 320-unit multifamily community in Altamonte Springs, FL, which is within the thriving and diverse northern suburban Orlando market located in Seminole county.

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GSH plans to elevate this well-maintained 1970's vintage property, with capital improvements budgeted at over $3.8 million. Residents of The Preserve at Spring Lake already enjoy the use of five swimming pools and a low-density site plan, and GSH signature renovations will further amplify the residents' comfort and lifestyle. The upgrades contracted with Multifamily Commercial Construction LLC, headquartered in Oak Park, MI run the gamut from renovating unit interiors and exteriors to installing exterior lighting and updating parking to implementing cost-saving efficiencies via human touch and tech touch.

"We are thrilled to have hired Bainbridge, a best-in-class third party property manager of this property, and we are confident they will help us push this property to its fullest potential," said Gideon Pfeffer, the managing partner at The GSH Group.

This acquisition and its capital improvement strategy align perfectly with GSH's goals to bring strong and steady returns to its investors and partners while enhancing the lives of its residents and all stakeholders through well-planned and measured value-add upgrades to its properties and via innovative social impact programs. The GSH Group's concierge approach to real estate investing allows investors to participate in the lucrative multifamily real estate market with ease and assurance that all the hard work and challenges are being managed and executed with expert stewardship.

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To learn more about The GSH Group, visit gshrealestate.com. There you can download a free eBook "7 Insights That Prove Multifamily Real Estate Investing is a Smart Move," as well as their prospectus "Investing with Purpose: A Deep Dive." Stay tuned for more innovative updates from The GSH Group.

About The GSH GroupThe GSH Group is a team of passionate investors with a laser focus on providing superior returns while offering high-quality housing for our essential workers. We partner with like-minded individuals and companies that share this goal. GSH is a Verivest Gold sponsor, the gold standard in sponsor verification and monitoring.

Media Contact:Donna DeMarcoDirector of Marketing248.408.5086313252@email4pr.com

SOURCE The GSH Group

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SEBRING, Fla., Jan. 14, 2020 /PRNewswire/ -- Signature H Property Group, which purchased the Spring Lake Golf Resort in November 2019, announced they are rebranding the resort to "Sebring International Golf Resort."

"We believe the new branding will embolden the property as the premier golf resort in Sebring, while broadening its exposure to US and international markets," said Helmut Wyzisk III, President of Signature H. "This is the first step of a comprehensive plan to revitalize and reposition the resort."

Signature H Property Group, the parent company to New Spring Lake Partners, formed a strategic partnership with XUDE Hospitality, lead by golf industry veterans Mike Miraglia and Jerry Moore, to manage resort operations. Plans for redevelopment include the transformation of two existing 18-hole golf courses into one 27-hole Steve Smyers designed championship course, which will take place in phases over the next two summers. The property will also feature a 12-hole short course which is currently under construction and opening this year.

The resort's existing clubhouse will also undergo major renovations and the addition of new commercial, residential and resort amenities are planned; including a small home village, single family homes, multi-family apartments, a senior campus and a town center with retail and commercial businesses. Numerous parks, trails, and outdoor amenities will also be included. Further information will be released when plans are finalized and approved by local municipalities.

Wyzisk III describes Signature H's consideration when developing such a special property, "As native Floridians, we have a true appreciation for the character of this property. It is natural and authentic Florida. We're honored to be the stewarding the property into sustainability so its essence can be enjoyed by generations to come."

Signature H Property Group is a real estate company specializing in the design and development of livable, sustainable communities and is a collaboration of some the most experienced planners, designers, engineers, developers and construction managers. The company has made its mark on a multitude of development projects in both the public and private sectors; including hotels, retail centers, municipal projects, and urban communities. For more information, visit www.signatureh.com.

XUDE Hospitality is headquartered in Miami with offices in Naples and Sarasota. The XUDE team has a proven track record in revenue generation, membership growth, operating efficiency, construction and renovation in properties of all sizes – including golf courses, country clubs, resorts, hotels, and real estate developments. For information visit: www.xudehospitality.com.

SOURCE XUDE Hospitality; Signature H Property Group

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More than 250 mobile homes will be available to rent soon in Spring Lake, after the Board of Aldermen on Monday approved a rezoning request.

In a 4-1 vote, the board rezoned 5.67 acres on Dacha Lane from R5A residential district to R6A more restrictive residential district to accommodate additional mobile homes.

Time Out Communities, a Florida-based company that manages mobile home parks, has proposed putting 288 new mobile homes in a vacant park on Dacha Lane. The land, which people now use as a trash dumping ground, has been empty since Hurricane Matthew, according to attorney Richard Fox.

“This is all done by Time Out Communities for the betterment of the community,” Fox said.

Last week, the Cumberland County Joint Planning Board recommended approval of the rezoning request in a 4-3 vote. Annette Massari, senior planner of Cumberland County, said that there were concerns about this request because “mobile home development was not something the town wanted to prioritize.”

Fox replied that concerns about aesthetics were unfounded, since the homes by Time Out Communities would be newly built in 2023 with “modern, upscale” amenities. “These defy that stereotype,” he said.

The Florida company is planning to invest more than $6.2 million in the mobile home park — without using Spring Lake tax dollars, according to Fox. This will include 24-hour security patrols and potentially a gate.

State takes issue:State takes issue with Spring Lake board's actions, including violation of open meetings law

Spring Lake news:Spring Lake mayor wants state treasurer to visit town to improve communication

The monthly rent for mobile homes with two-, three- and four-bedrooms would cost at least $550, according to the Time Out Communities website.

While there were concerns about a mobile home park in general, the rezoning request was only for 5 acres out of the 32-acre lot. Fox said that about 240 mobile homes were coming to Spring Lake regardless of the vote on Monday. The board was just deciding if the park would have an additional 40 homes.

“If this rezoning doesn’t happen, it’s not the end of the world,” Fox said. “But it is a waste of income for the community.”

Fox added that the additional 40 homes would boost retail in the town and increase the tax base.

In addition, the town had already spent tax dollars constructing water and sewer lines on Ducha Lane, which the current property owner Kenneth Smith said would be “money spent down there that you’re not getting money back on.” The property has been on the market for years.

Fox did not say when the company expected the homes to be ready for occupants. He gave the board documents with additional information on the proposed development, which he did not hand out to members of the public.

Alderman Raul Palacios said it was “refreshing” to see new development. He made a motion to approve the rezoning request, with Robyn Chadwick, Sona Cooper and Adrian Jones Thompson supporting and Marvin Lackman opposing.

More apartments in the works

The board also approved rezoning 2 acres on Shell Drive from commercial to residential to allow for a future apartment complex. The property is currently vacant.

The complex will be an expansion of Waterford Apartments, also located on Shell Drive. A one- to two-bedroom apartment costs between $1,210 and $1,540 per month, according to its website.

"It's a nice little development out there," Palacios said.

The rezoning goes against the town's land use plan, which calls for light industrial in that area. However, Massari said that planning staff can update the map to reflect that change.

The 2-acre lot is adjacent to a residential area, which is why the joint planning board unanimously recommended its approval, which the Spring Lake board did.

New interim town manager

In addition, the board officially hired Joe Durham as interim town manager.

This approval was a last-minute addition to the agenda. The agreement, which Palacios said was dated April 18, was not included in the background information before the meeting.

The board swore Durham into office on March 28.

On April 5, the state Local Government Commission, which took over the town's finances in October, said that the board dismissed an interim town manager and swore in a new interim manager without taking a public vote on either. The LGC also said that the board swore Durham in without a contract in place.

Budget:Spring Lake’s current budget is ‘good’ but town faces a ‘steep climb,’ state says

Other news:Legality of $1 million loan to Spring Lake questioned by state officials

On April 12, Mayor Kia Anthony responded with a letter that said the board had not officially hired Joe Durham as interim town manager because the contract had to be approved by the commission. She also said that the previous interim town manager resigned and that the manager's contract was ended by the Mid-Carolina Council of Governments.

The board on Monday said the LGC had consented to the agreement with Durham.

In other news from the meeting, the board:

Reporter Ivey Schofield can be reached at ischofield@gannett.com.

Manatees at Blue Spring State Park

Blue Spring State Park is home to a first-magnitude spring that is one of the largest winter gathering sites for manatees in Florida. Visitors can see hundreds of manatees enjoying the constant 72-degree spring water in the colder winter months.

Manatees depend on the warm water for survival, as they cannot tolerate water temperatures colder than 68 degrees for long periods of time. Although manatees look “fat” or “blubbery,” they only have about an inch of fat and a very slow metabolism, meaning they cannot easily stay warm. This biology makes sanctuaries such as Blue Spring vital for their survival.

During the winter months, manatees are prone to cold stress syndrome, which is comparable to hypothermia, pneumonia or frostbite in humans and can make them very sick. If a cold-stressed manatee is spotted at Blue Spring, park staff along with other agencies will keep a close eye on the manatee to get it the help it needs.

Blue Spring State Park is unique because visitors can view manatees in the crystal-clear spring water from the boardwalk, which stretches 1/3 of a mile from the St. Johns River to the headspring. The boardwalk provides a wonderful opportunity for safely observing the manatees. Visitors can see manatees socializing and mothers nursing their small calves, without influencing the manatees’ natural behavior or bothering them.

The number of manatees visiting the park has grown significantly, from about 36 animals when research began in the 1970s to over 700 animals in 2023. Although there are still many threats to manatees — habitat loss, pollution, algae blooms and collision with watercraft — Blue Spring State Park serves as a safe haven for these gentle creatures. The park is also an ideal location to release manatees back into the wild after they have been rehabilitated from sickness or injury. Because they can easily be monitored at the spring and the surrounding waters, researchers are able to make sure they adapt to life back in the wild.

Some individual manatees even seek out Blue Spring in the summer time to birth their calves in a protected area. Blue Spring State Park has partnered with several other agencies to establish a Manatee Observer Volunteer program to prevent harassment of manatees at the park and to educate visitors about these unique marine mammals.

It’s a beautiful private lake owned by residents, but what happens if a neighbor starts to throw things in the lake? Can anyone do anything about it? It’s why one South Florida man called Help Me Howard with Patrick Fraser.

Some people like to collect rare bikes. Vince does.

Vince Beltran: “This is handmade. The other two are original.”

Some people like to collect antique cars. Vince does that, too.

Vince Beltran: “That’s an original engine.”

In fact, Vince just likes to collect: a Texaco gas pump, an Eastern Airlines bag. On and on.

And everything is restored to perfection.

Vince Beltran: “I like to keep them top stock.”

Patrick Fraser: “So you like things to look nice?”

Vince Beltran: “Yeah.”

Another thing Vince likes to keep in great shape is the freshwater lake behind his house.

Vince Beltran: “The lake is important, yeah, because we enjoy it, you know. We swim in it. I never built a pool because of that reason. The water is nice.”

It’s North Bass Lake in Miami Springs, a self-contained private lake with 40 homes on it.

Over the years, the neighbors have managed it. Lately, Vince says, a few have mismanaged it.

Vince Beltran: “I’ve caught people doing some tricky stuff.”

Vince says one neighbor poisoned the geese that lived there because they pooped on their pool deck. Another dumped fish carcasses in the water.

Vince Beltran: “I’m doing my lawn, and I looked down, and I see this thing with two big eyes that it’s been there like two, three days, and I go, ‘Wow, I thought it was a kid.'”

Vince has confronted neighbors who toss things. He says they would either deny it or cuss him out. Now he is concerned about homeowners that are dumping coconuts and tree branches in the lake.

Vince Beltran: “Limbs and all kinds of stuff and construction materials.”

Patrick Fraser: “What’s wrong with that?”

Vince Beltran: “It all accumulates over there, and then some of it sinks. It’s not natural. I don’t think it’s good for the lake.”

A tree fell in the lake, but there is no association to require the owners to remove it or enforce any rules at the lake.

Since Vince is tired of getting chewed out, he started calling government agencies to check on the lake.

Vince Beltran: “They say they don’t have any jurisdiction. ‘We can’t do this. We can’t do that.'”

Then he tried Code Enforcement to see if they could force homeowners to stop the trashing.

Vince Beltran: “‘Oh, no. I can’t do that, I can’t,’ and she’s nice, but they just don’t get involved.”

It’s a picturesque lake and, Vince has concluded, an unregulated lake.

Patrick Fraser: “You might be the only person in South Florida that wants Code Enforcement to get involved?”

Vince Beltran: “Might be. I got nothing to hide.”

Well, Howard, if it’s a private lake, does that mean no government agency can step in?

Howard Finkelstein, 7News legal expert: “In almost every case, some government agency has jurisdiction. In this case, it would be Code Enforcement. Ask them what steps need to be taken to stop behavior you think hurts the lake, because they can fine a neighbor who violates their laws, and if you want to avoid the government getting involved, create a homeowners association. They can create guidelines and enforce them.”

I contacted the State of Florida and Miami-Dade County to confirm they have no jurisdiction. I was told, since North Bass Lake does not have ingress or egress, they don’t control it.

But Miami Springs does. City Manager William Alonso told me, “If someone is illegally dumping, we can cite them, but we need to either catch them in the act or have some proof, like video or pictures, so that it’s not a ‘he said, she said.'”

Vince Beltran: “I will always keep an eye on it as long as I live here.”

Vince says, now that he knows Code Enforcement does have jurisdiction, he will be ready.

Vince Beltran: “If I see something illegally from now on, I have a canoe, and I go out there and record it instead of approaching them.”

Now, would throwing branches in the lake be considered illegal? Maybe. Look at it this way. If someone threw stuff in your yard, would you like it? No, and since each neighbor owns a slice of the lake, the branches will float onto someone else’s part of the lake, possibly making it illegal. The bottom line: a lake is not a dumping ground.

Things not going swimmingly for you? Ready to make a splash. Let us jump in and soak up the mess.

CONTACT HELP ME HOWARD: Email: helpmehoward@wsvn.com Reporter: Patrick Fraser at pfraser@wsvn.com Miami-Dade: 305-953-WSVN Broward: 954-761-WSVN

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