Articles by Oscar Nunez

Miami Design District Associates and BH3 Management have formed a joint venture to develop The Ursa, a 20-story Class A office building in Miami’s Design District. Designed by Arquitectonica and Arsham Studio, the development will contain approximately 250,000 square feet of office space and 15,000 square feet of ground-floor retail. The partnership has expanded the original proposal through the combination of adjacent properties, resulting in a larger building with a revised architectural design. Construction is expected to begin in 2027, with completion anticipated in 2029.

McDowell Housing Partners (MHP) has broken ground on Ekos at Rockledge Park, a $38.2 million affordable housing development at 1505 Cogswell Street in Rockledge, Florida. The five-story residential building will contain 100 apartments designated for households earning between 30 and 70 percent of the Area Median Income (AMI). The development marks the Miami-based firm’s first project in Brevard County and its 18th affordable housing development to begin construction in Florida since 2019.

Subtext has announced the opening of VERVE Orlando, a 626-bed student housing development at 3133 North Alafaya Trail near the University of Central Florida in Orlando. The 446,078-square-foot property features 200 residential units ranging from studios to five-bedroom apartments. Developed in partnership with FrontRange Capital Partners and Nuveen Real Estate, the project was designed by Dwell Design Studio, with interiors by ESG Architecture & Design. Live Oak Contracting served as the general contractor.

Allen Morris Co. has announced a public-private partnership with the City of Coral Gables and Agave Holdings, owner of The Plaza Coral Gables, to undertake a comprehensive redesign of Fred B. Hartnett Ponce Circle Park at 2810 Ponce de Leon Boulevard in Coral Gables, Florida. The project, valued at more than $10 million, will introduce new public art, landscaped gathering spaces, an open-air performance venue, and pedestrian infrastructure improvements along surrounding streets. The redesign is led by Maria de la Guardia of de la Guardia Victoria Architects & Urbanists in collaboration with Andres Arcila of Naturalficial, with planting design coordinated with Fairchild Tropical Botanic Garden.

Berkadia has arranged $36.7 million in acquisition and refinancing loans on behalf of Rental Asset Management (RAM) for three multifamily properties across Florida, including two in Miami-Dade County and one in Pasco County. The transactions include acquisition financing for the newly completed RAM Four Hialeah in Hialeah and refinancing loans for The Devonshire in Miami Springs and Summer Lake Villas in New Port Richey.