Fort Lauderdale-based W D Cordova LLC has plans for an affordable housing development in its home city.

Construction has commenced on Serenity Gardens, a 153-unit affordable senior housing community in Miami Gardens, following a groundbreaking ceremony held by SG Holdings and New Urban Development LLC, an affiliate of the Urban League of Greater Miami. The development is being built on city-leased land in partnership with the City of Miami Gardens and is expected to be completed in late 2028.

Prosper Group and Versluys Group have closed on a three-parcel waterfront assemblage in Brickell for $50 million, advancing plans for a proposed 60-story luxury residential tower along the Miami River. The approximately one-acre assemblage, w which includes 66 SW 6th Street, 625 SW 1st Avenue, and a riverfront parcel that was previously a part of 99 SW 7th Street that has yet to be assigned an address, was acquired from Two Roads Development and Newgard Development Group. Miami-based Vaster provided a $30.5 million acquisition loan for the transaction.

Construction has started on a 417,00-square-foot multi-family housing project in Orlando. The project intends to deliver market-rate rentals to young professionals and small families.