In August 2023, Coastal Residential purchased a 7.8-acre build site for $38 million from Procacci 1400 LLC––about $4.82 million an acre. Google Earth shows that the parcel is currently vacant.
Construction commenced on The CenterPointe, a luxury housing complex, right before the start of the new year. The complex will offer 401 Class A residences. The seven-story building will rest on a 4.3-acre build site. It will also host a two-story parking garage.
Karu, an 8,380-square-foot nightclub in Miami, could be replaced with a high-rise complex. The 1000 Marina Mile Apartments would rise 15 stories above grade, offering 283 units and requiring more than 515,000 square feet of new construction.
Black Salmon, a commercial real estate firm, and LD&D, a development/design firm, have partnered together on a new venture in St. Petersburg, FL. The duo recently purchased a 0.77-acre site for $9.05 million.
A North Palm Beach-based developer has proposed an age-restricted residential community in Sanford, FL. AgeWell Solvere Living will comprise 185,000 square feet of new construction, offering 161 units in a four-story building.
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