Construction is now underway on Alton Delray, a 386-unit apartment community from Kolter Multifamily, an affiliate of The Kolter Group, at 2101 S. Congress Avenue in Delray Beach, Florida, following the closing of a $92 million construction loan from Madison Realty Capital.
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A Tampa-based developer is proceeding with a master-planned townhome development in Pasco County. The project intends to meet the growing demand for housing in one of Florida’s fastest-growing regions.
Construction has begun on Crescendo, the fourth and final tower at Link at Douglas in Miami, following the securing of a $134 million construction loan. The 37-story residential tower is located at 3070 SW 37th Avenue and represents the final phase of the larger 7-acre, master-planned, transit-oriented development. Developed by 13th Floor Investments and Barings, the project will yield 392 apartment units adjacent to the Douglas Road Metrorail Station and is expected to complete in 2029.
The Coral Gables Planning and Zoning Board will consider rezoning plans for a mixed-use project named Crystal Residences on June 17th. If approved, developer Fifield Cos. would be one step closer to realizing its 226,193-square-foot project.
Hathaway Development has acquired an 11-acre parcel within the 215-acre Wyld Oaks master-planned development in Apopka, where the Atlanta-based multifamily developer plans to build Exchange at Wyld Oaks, a 325-unit apartment community. The project is located within the larger mixed-use development at the intersection of State Road 429 and West Kelly Park Road in northwest Orange County. The development is backed by a $47 million construction loan from Ameris Bank and forms part of an overall investment estimated at approximately $71 million.
