A developer has proposed a supertall skyscraper in Miami-Dade County. Walter Defortuna, the brother of Fortune International Group’s CEO, wants to move forward with an 81-story building.
Florida YIMBY has learned of two Miami-based projects: one that has finished construction and another that could break ground next year. Here’s what we know.
Optimum Property Management hopes to get approval for a high-rise tower in Miami-Dade County. Plans call for the demolition of a low-rise apartment complex built in 1960. In its place would rise a 50-story building comprising close to 560,000 square feet of new construction.
YIMBY has the first look at interiors inside Alba Palm Beach, a 22-story waterfront condominium tower slated for development at 4714 North Flagler Drive, directly on the Intracoastal Waterway, in the developing Northwood neighborhood of West Palm Beach, Florida. Designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, and developed by BGI Companies in collaboration with Bay Harbor Islands-based Blue Road Group, the 262-foot-tall building will rise within a 1.71-acre site and comprise 55 luxury residences in a mix of two-, three-, and four-bedroom condos, and two- and three-story townhomes paired with 25,000 square feet of amenities. Douglas Elliman Development Marketing is handling the exclusive sales and marketing for the project, with units priced from $2.5 million anticipated to be delivered in 2025.
Trez Capital, a private real estate lender helping to build better communities across North America, funded a $19,050,000 construction loan for The Residences at Town Center, a 5-story boutique luxury condominium project that will rise on the Intracoastal Waterway at 400 150th Avenue in Madeira Beach. The project is the second phase of a broader plan envisioned by the developer. In 2021, Trez Capital closed a $15.61 million construction loan for the first phase, a 38-unit residential project, The Harbor at Town Center, which is 100% sold out and scheduled for delivery to buyers later this summer.
