Florida-based developer Urban Network Capital Group (UNCG) has acquired a $24 million construction loan from LV Lending to develop The Flats Orlando, a 1.9-acre condo-hotel resort near Orlando’s central area. The development is a collaborative effort with ZKC and Tivoli Cove Capital. The project is expected to be completed by 2025.
An affiliate of Miami-based Cam Group has acquired an older office building in Coral Gables for $18.5 million with redevelopment plans. B & B Investments Management, managed by Wilfred Braceras in Miami, sold the 2.05-acre site at 760 Ponce de Leon Blvd., along with 112 and 120 Avila Court, to 760 Ponce De Leon LLC, led by Pedro Camejo and Joel Campo of Cam Group. The buyer secured a $13 million mortgage from Granada Financial.
Key International and Integra Investments, prominent real estate investment and development firms in South Florida, in collaboration with Wexford Real Estate Investors, have proudly announced the issuance of the Temporary Certificate of Occupancy (TCO) for…
The Altman Companies, a multifamily development subsidiary of Fort Lauderdale’s BBX Capital Corp., is acquiring a development site in the Biscayne Shores area of Miami-Dade County. In September, the developer submitted a pre-application to county officials for an 11-story development on a 3.25-acre site at 11240 Biscayne Boulevard, designed by Cohen Freedman Encinosa & Associates. The currently vacant property is being purchased from Miami-based Bianca Investments.
El-Ad National Properties, part of the esteemed Elad Group, proudly announces that its second phase of ALINA Residences, ALINA 210 and ALINA 220, has achieved significant construction and sales milestones. With a remarkable 70% sales rate, the recent advancements for ALINA Residences’ second phase encompass the installation of terrace railings, flooring, and glass; the formation of expansive amenity decks; the operational transition from hoist to internal elevators; and the imminent building of newly arrived cabinets and appliances. Located at 200 Southeast Mizner Boulevard in Boca Raton, this world-class residential hub in downtown Boca Raton continues to make significant construction progress and is on track for timely delivery. GarciaStromberg is the architect, and Moss Construction is the general contractor.
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