H O M E I M P R O V E M E N T
makes sure that all thework isdonearound
the schedules of the tenants, whichmeans
that nobody ever has to vacate his or her
apartment during the refurbishingprocess.
Workingquickly to fulfill itspromiseshelps
Omni establish trustandgoodwillwith ten-
ants. Youssouf recalls being at a property
Omni took over that hadn’t had hot water
for a very long time. Omni brought in a
truck with a generator to fix the problem.
“They hooked it up, and those people had
hotwater for the fir t time inages.Theyare
reallygood to theirword,” she says.
The overall transformation can be dra-
matic.ErnestMaisonethas lived in theTar-
getVApartments in theBronx for22years.
Before Omni acquired them in 2006, says
Maisonet, “it was a disaster. We had bro-
ken cabinets, nohotwater, noheat, broken
doorways, ceiling leaks. You name it, we
had it all.” Today, he says, the building and
apartments are almost unrecognizable. “It’s
totally different now,” he says. “The apart-
ments are fixed, our building is fixed, the
heat is fixed”
Vaughn insists that akey element in suc-
cessfully revamping newly acquired build-
ings is security. “In lots of these properties
that you go to, you’ll findsome elderlypeo-
plewhohaven’tbeenoutsideafter fourp.m.
or five p.m. for many, many years. You’re
looking at some situations where there is
prostitution, drugs, and all different types
of thingsgoingonat thisoneplace,”he says.
To combat that, Omni puts in hundreds of
security cameras, not justwithin the apart-
ment complex but also facing the street, in
the hope that it will deter potential crimi-
nals fromoperating in thearea. Important-
ly, says Vaughn, the cameras retain images
for threemonths, so if the company needs
to investigate amisdeed like abrokendoor,
“Youhavetomakea
personalconnection
tothesepeoplefor
thisprocesstoeven
haveachancetoget
offtheground. itgives
themsomeonetoreach
outtoandtouch if
thingsgowrong.”
Own a piece of SouthBeach.Wholly-OwnedPrivateResidences andFractionally-OwnedClubResidences available.
TheRitz-CarltonClub andResidences
®
, SouthBeach 2901CollinsAvenue,Miami Beach, Florida 33140
MembershipGallery:TheRitz-Carlton
®
, SouthBeachOne LincolnRoad,Miami Beach, Florida 33139
Toll-free 877.204.4045
Developedby Fortune International andLionstoneDevelopment, partners of theDeveloper, 2901BeachVentures, LLLP
Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value,
if any, of the property.
This project is under construction, estimated date of completion is 2009. The Ritz-Carlton Club, South Beach is not owned or developed by The Ritz-Carlton Hotel Company,
L.L.C. 2901BeachVentures, LLLPuses theRitz-Carlton trademarksunder a license fromTheRitz-CarltonHotel Company, L.L.C.whichmaybe terminatedor revokedaccording
to its terms. TheRitz-CarltonClub, SouthBeachwill be located at 2901CollinsAvenue,Miami Beach, Florida33140. TheRitz-CarltonClub andResidences, SouthBeach is developedby
2901BeachVentures, LLLP. TheRitz-CarltonDevelopment Company, Inc., 6649WestwoodBoulevard, Orlando, FL 32821 is themarketing company.
Oral representations cannot be relied upon as correctly stating representations of the developer. For correct representations, make reference to the
documents requiredby Section 718.503, FloridaStatutes, tobe furnishedby a developer to a buyer or lessee.
Thisadvertisingmaterial isbeingused for thepurposeof soliciting thesaleof Fractional Ownership Interests.
RSV-07-047
On South Beach,
the stars don’t only come out at night.
