Articles by Oscar Nunez

$103 Million Loan Secured for Mixed-Use Development ‘The Gardens Residences’ in North Miami

8:00 am on September 25, 2024 By Oscar Nunez

Berkadia has arranged a $103 million construction take-out loan for The Gardens Residences, a mixed-use multifamily project in North Miami being completed in two phases. The financing was secured by Berkadia’s Senior Managing Director Charles J. Foschini, Managing Director Christopher Apone, Vice President-Originations Lourdes Carranza-Alvarez, and Associate Director Shannon Wilson on behalf of the sponsor, Omega Real Estate Management, a vertically integrated real estate management company focused on redeveloping downtown North Miami.

Developer Moves Forward with Plans for 7,500-Unit Mixed-Use Development and New Tri-Rail Station in Miami’s Little River District

8:00 am on September 23, 2024 By Oscar Nunez

Swerdlow Group, led by veteran developer Michael Swerdlow, is moving forward with plans to transform the Little River District in Miami’s Little Haiti neighborhood. The proposed development, spanning approximately 63 acres, will include 7,500 residential units, combining affordable, workforce, and market-rate housing. Swerdlow’s vision for the area builds on his experience in creating higher-end affordable housing, similar to his recently completed Sawyer’s Walk project in Overtown.

$77.8 Million Loan Secured for Short-Term Rental Condominium Project in Miami’s River District

8:00 am on September 22, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender, has provided a $77.8 million loan to finance the construction of River District 14, a short-term rental condominium project in Miami. Developed by Alta Development, the project will be situated on a 1.3-acre site at 1420 NW 14th Ave., near the Miami River. Construction is set to commence before the end of the year.

Solina Bay Harbor Breaks Ground at 1055 93rd Street in Bay Harbor Islands

8:00 am on September 21, 2024 By Oscar Nunez

Solina Bay Harbor, a boutique condominium development by RedHoek+, has officially commenced construction after surpassing the 50% sales milestone within six months. Located at 1055 93rd Street in the heart of Bay Harbor Islands, this exclusive project is set to redefine the standard of luxury living in the area. In partnership with The INSIDE Network, sales and marketing efforts are spearheaded by Powered by DMT.

Boca Raton Approves Glass House at 280 E Palmetto Park Road in the City’s Downtown Area

8:00 am on September 20, 2024 By Oscar Nunez

The City of Boca Raton has approved Glass House Boca Raton, a luxury residential development and the first modern glass building to be constructed in the city’s downtown area. Situated at 280 E Palmetto Park Road, the 9-story development will feature rooftop amenities on the 10th level and is expected to reach completion by the fourth quarter of 2026.

Financing Secured and Ground Broken on $30 Million Affordable Senior Housing Community in Orlando

8:00 am on September 19, 2024 By Oscar Nunez

Housing Trust Group (HTG), in partnership with AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat legend Alonzo Mourning, and alongside The Most Worshipful Prince Hall Grand Lodge, Ancient Free And Accepted Masons Of Florida, Inc., a Florida Non-Profit Corporation, have successfully secured financing and commenced construction on o, a $30 million affordable senior housing community in Orlando. The development marks HTG’s first venture in Orange County.

First Look: Newgard Development Group’s Brand-New Renderings of Natiivo Fort Lauderdale

8:00 am on September 18, 2024 By Oscar Nunez

Newgard Development Group has unveiled new renderings for Natiivo Fort Lauderdale**, a 40-story residential tower featuring 384 units in the city’s downtown. The project, designed by Arquitectonica with interiors by IDDI, aims to bring a fresh approach to urban living. These renderings offer a detailed look at the building’s residences, shared spaces, and amenities.

The Residences at 400 Central Tops Out at 46 Stories, Tallest on Florida’s Gulf Coast

8:00 am on September 17, 2024 By Oscar Nunez

The Residences at 400 Central in St. Petersburg has officially topped out at 46 stories, marking a significant milestone in the construction of the 515-foot-tall tower, which is now the tallest residential building on Florida’s Gulf Coast and the tallest structure in St. Petersburg. Once completed, the mixed-use building will feature 301 luxury condominiums, ground-floor retail spaces, and commercial offices, with occupancy expected by mid-2025.

South Miami Leaders Consider 13th Floor Investments for $309M City Hall Redevelopment Project

8:00 am on September 16, 2024 By Oscar Nunez

South Miami leaders are considering 13th Floor Investments for a $309 million redevelopment project that would transform the city’s municipal complex. The project’s design is by Miami-based Corwil Architects, with Coral Gables-based RJ Heisenbottle Architects serving as the historic preservation consultant. Known as The Link at SoMi, the mixed-use development would include municipal offices, residential apartments, commercial space, a park, and the restoration of a historic building.

502-Unit Renata Community Completed at Lakewood Ranch in Bradenton, Florida

8:00 am on September 15, 2024 By Oscar Nunez

Ryan Companies US, Inc. has announced the completion of Renata at Lakewood Ranch, a 502-unit multifamily community within the 33,000-acre master-planned Lakewood Ranch development in Bradenton, Florida. This milestone marks the delivery of the final building in the 15-building project, with the first residents moving in as early as February 2024. Ryan served as the project’s developer and builder, working in a joint venture with PGIM and Park Springs.

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