West Palm Beach-based real estate firm Shoreham Capital has broken ground on Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida, in partnership with Bridge Investment Group and Wynkoop Financial. The team secured a $66 million construction loan, and Curran Young Construction (CYC) has been selected as the general contractor. The project is expected to be completed by Q2 2025.
Construction continues to progress on Wynwood Haus, a 20-story mixed-use development located at 1765 North Miami Avenue that just recently topped out in Miami’s Wynwood Arts District. The 222-foot-tall structure is designed by a Corwil Architects with landscaping from Enzo Enea, and developed by a joint venture partnership between Lineaire Group, Black Salmon Capital and Bridge Investment Group. 224 rental units will come in studios, one and two bedrooms floor plans ranging from 394 to 945 square feet, accompanied by amenities, a 222-vehicle parking garage and 5,500 square feet of ground floor commercial space.
West Palm Beach-based real estate developer Shoreham Capital, in partnership with Salt Lake City-based Bridge Investment Group and Denver-based Wynkoop Financial, announce the acquisition of a 26-acre development located at 186-264 Tierra De Paz Loops in Cape Coral, Florida. The planned $120 million development, dubbed Siesta Lakes, will be a Class-A residential rental community. Current plans for Siesta Lakes include 412 apartment units comprising one-, two-, and three-bedroom floor plans, with each residence having a private balcony, as well as open concept living areas and high-end finishes. Amenities will include a gym, pool, dog park, pickleball courts, business center, and more. Construction is slated to begin in Q4 2022.