Concord Wilshire Capital has closed on the $60 million acquisition of a 43-acre development site at the intersection of State Road 7 and Southern Boulevard in Royal Palm Beach, advancing plans for the rebranding and redevelopment of the property formerly known as Tuttle Royale. The site, which has also been identified in trade coverage as 10629 Acme Road, is planned for a large-scale mixed-use village with 401 multifamily residences, approximately 426,764 square feet of retail space, a 125-key hotel, and an approximately 82,875-square-foot office building.

Three developers are proceeding with a luxury hotel-condo project in Wynwood.

Groundbreaking has taken place for Icon Tallahassee, a nine-story, 804-bed student housing development at 730 W Gaines Street near Florida State University in Tallahassee. The more than $100 million project is being developed by Park7 Group and built by Hoar Construction, with Boarman Kross Vogel Group, Inc. serving as architect, landscape architect, and mechanical, electrical, and structural engineer, Moore Bass Consulting, Inc. as civil engineer, and Susan Brown Design Associates as interior designer. Completion is slated for fall 2028.

Olivette has topped out in Tampa’s emerging Gasworx project. The 10-story venture, billed as the tallest building in Gasworx, will feature a total of 376 apartments, along with 29,000 square feet of ground-floor retail.