Articles by Oscar Nunez

Developer Lands $83M Construction Loan, Breaks Ground on ‘Parks at Hallandale’ in Hallandale Beach

Miami-based real estate development firm 13th Floor Investments has initiated construction on Parks at Hallandale, a multifamily development located at the southeast corner of Pembroke Road and Northeast 1st Avenue in Hallandale Beach, Broward County. The 15.5-acre project, occupying the sites at 106 and 2002 Pembroke Road, plus 700 and 1000 Northeast 1st Ave, will consist of 398 market-rate and workforce apartments across five-story buildings, with approximately 6,500 square feet of ground-floor retail. CIBC Bank USA provided a loan of $83 million for the project’s construction. Berkadia’s Florida team, led by Scott Wadler and Alec Fox, facilitated preferred equity from Houston-based Marble Capital. The project is expected to be completed in 2026.

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25-Story Dormitory Proposed By Palm Beach Atlantic University At 1200 S. Dixie Highway In West Palm Beach

Palm Beach Atlantic University has unveiled plans for a 25-story dormitory on its West Palm Beach campus to accommodate its expanding student body. The city’s Plans & Plats Review Committee reviewed the proposed student housing tower on August 8. Situated on a 1.71-acre site at 1200 South Dixie Highway, the new dormitory would replace the 3,852-square-foot visual arts building slated for demolition.

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Pier Sixty-Six Nears Completion, Announces Pioneering Spa Concept

Pier Sixty-Six is nearing completion and is on track for a Fall 2024 opening. Located on 32 waterfront acres along the Intracoastal Waterway in Fort Lauderdale, the redevelopment by Tavistock Development Company includes a world-class resort with 325 guestrooms and suites, 12 dining destinations, 40,000 square feet of event space, and62 condominiums. The iconic spire-topped tower, a hallmark of the property, will once again anchor the resort, which aims to redefine the area as the social harbor of Fort Lauderdale. The project’s general contractor is a joint venture between John Moriarty & Associates and Americaribe.

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ALINA 210 Receives Early TCO At 200 SE Mizner Boulevard in Downtown Boca Raton

El-Ad National Properties, a South Florida-based subsidiary of the Elad Group, has announced that ALINA 210, part of the second phase of the ALINA Residences in downtown Boca Raton, received its temporary certificate of occupancy (TCO) ahead of schedule on July 26, 2024. The nine-story building at 200 Southeast Mizner Boulevard, which features 30 residences, is now preparing for closings set to begin in early August. ALINA Residences was designed by GarciaStromberg, with construction by Moss Construction. Sales are being handled exclusively by Douglas Elliman Development Marketing.

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