FRP Development Corp has acquired a 24-acre site at the intersection of Southwest 202nd Avenue and Sheridan Street in Southwest Ranches, where it plans to develop Logistics Center at Southwest Ranches, a Class A logistics development capable of accommodating more than 300,000 square feet of warehouse space. Construction is expected to begin later this year, with completion anticipated in 2028.
Construction is set to begin on the first phase of 700 North Miami Avenue in Miami Worldcenter after developer Witkoff, in partnership with Monroe Capital, secured a $302.6 million construction loan for the project. Designed by Kobi Karp Architecture, the development is planned as a three-tower residential complex on one of the district’s final large-scale undeveloped parcels. The project first appeared before the City of Miami’s Urban Development Review Board in early 2023.
Beachwold Residential has secured a $176.6 million construction loan from Affinius Capital to finance the ground-up development of Place at Alafaya Phase I & II, a two-phase student housing community planned near the University of Central Florida in Orlando. Led by Gideon Friedman, the development will ultimately comprise four four-story buildings containing 484 residential units, 1,395 beds, and 1,301 parking spaces.
Construction has begun on Alida Residences and a Tribute Portfolio by Marriott hotel at 506 Datura Street in Downtown West Palm Beach. Designed by Corwil Architects, with interior design and branding by EoA Group, and developed by LD&D and IGEQ with capital and investment partner FrontRange Capital Partners, the approximately 350,000-square-foot transit-oriented development will include a 21-story residential building with 181 rental units and a separate 112-key hotel, marking the first Tribute Portfolio by Marriott property in West Palm Beach. Located directly adjacent to the city’s Brightline station, the development officially broke ground during a ceremony on July 17 attended by West Palm Beach Mayor Keith A. James and members of the development team.
Construction is progressing to the vertical phase at Edge House Miami, a 57-story residential tower under development at 1837 NE 4th Avenue in Miami’s Edgewater neighborhood. Designed by Kobi Karp Architecture & Interior Design, with interiors by Adriana Hoyos Design Studio, and developed by Grupo T&C, the project will offer 608 fully furnished condominium residences. The unit mix includes studios, one-, two-, and three-bedroom layouts, many of which feature lockout configurations to provide flexibility for personal use and short-term rental opportunities.
