An affiliate of developer Crescent Heights is moving forward with what’s being billed as Miami Beach’s first affordable housing venture under the Live Local Act.

London Bay Development Group has announced the completion and delivery of the South Tower at The Ritz-Carlton Residences, Estero Bay, the first of two 22-story waterfront residential towers within the 500-acre Saltleaf master plan at 5000 Coconut Road in Bonita Springs. Designed by Arquitectonica with interiors by Meyer Davis, the development will span 224 condominium residences across both towers. The project had already surpassed $650 million in sales before construction began on the North Tower, which broke ground in May 2025 and is currently slated for delivery in 2027. Coastal Construction is serving as general contractor.

Construction is progressing on South Pointe Vista II, an affordable housing development located in Goulds in South Miami-Dade County. The project is being developed by McDowell Housing Partners in partnership with ANF Group, Inc., and is advancing toward completion later this fall following the successful completion of its structural phase.

Delray Beach-based Kolter Group has filed plans for another project under the Alton banner in Sanford.