Construction is progressing on Siesta Lakes, a 412-unit luxury rental community by Shoreham Capital in Cape Coral, with the project on track for completion in the coming months. The development features a mix of one-, two-, and three-bedroom residences, designed with modern finishes and an emphasis on convenience.
Fifield Cos. has opened Avida Aventura, a 266-unit luxury apartment community located at 19401 W. Dixie Highway in Aventura. The project sits steps away from the new Brightline station, with direct access to the Aventura Mall, the fifth-largest mall in the U.S. and one of Miami’s premier dining, retail, and entertainment hubs.
South Florida-based Cymbal DLT Companies has secured $114 million in permanent financing for Laguna Gardens, a 341-unit multifamily community in Miami Gardens. The senior and mezzanine loans, provided by Apollo Global Management and RXR Realty Investments, paid off the development’s $102.5 million construction loan issued in 2022 by Related Fund Management, an affiliate of Related Companies.
Reader Communities, an Orlando-based master-planned community developer, has acquired a 220-acre site in Howey-in-the-Hills, Florida, for the development of Lake Hills, a 560-home 55+ active adult community. The project, designed to provide resort-style living, will offer direct waterfront access to Lake Harris, proximity to Mission Resort & Club’s golf courses, and walkability to a future Publix-anchored shopping center.
Construction is advancing at Marina Landings, a 34-home single-family community in East Fort Lauderdale by 13th Floor Homes. The boutique gated development is now more than halfway complete, with the first residents expected to move in this spring. More than half of the community’s homes have now been sold and are completed as residents prepare for move-ins beginning this Spring.
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