An out-of-state developer has plans for an affordable housing development in Bradenton. The project is part of a larger initiative to bring more accessible homes to the region.

Terra, in partnership with RG Development Group, GV Development, and LORE Development, has secured a $507 million construction loan from TYKO Capital for a planned 28-story waterfront condominium development at 1250 West Avenue in Miami Beach. The project will rise along the western shoreline of Miami Beach, overlooking Biscayne Bay, and will contain 106 residential units. The financing comes as the development team prepares to advance construction, with sales expected to begin in 2027.

Florida YIMBY has an update regarding an affordable housing venture we covered in November 2022. Our initial report shared that Accent Daytona, located in its namesake city, was to feature 250 units in five mid-rise buildings.

Housing Trust Group (HTG) and AM Affordable Housing, a nonprofit founded by NBA Hall of Famer Alonzo Mourning, have celebrated the grand opening of Courtside Apartments II, a $58 million affordable housing development in Miami’s historic Overtown neighborhood. Designed by Corwil Architects, the project comprises two five-story residential buildings containing 120 income-restricted apartments at 1698 NW 3rd Avenue and 1501 NW 4th Avenue. BDI Construction served as the general contractor.