Articles by Oscar Nunez

The NRP Group Breaks Ground On 275-Unit Multifamily Community ‘The Riley’ in Fort Myers

8:00 am on January 31, 2024 By Oscar Nunez

Cleveland, Ohio-based The NRP Group has officially commenced construction on The Riley, a 275-residence, market-rate multifamily community in Fort Myers, Florida. Located at 7301-7340 Stoney Grove Circle, at the intersection of Highway 41 and San Carlos Blvd, The Riley offers easy access to major employment areas in Fort Myers and Bonita Springs and proximity to Interstate 75 and Highway 41. Building permits issued by Lee County show NRP CONTRACTORS II LLC is listed as the general contractor. Completion is anticipated in late 2025.

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Developers Acquire 15 Additional Acres For Phase V Of ‘Vision Resort & Spa’ Near Orlando, Florida

8:00 am on January 30, 2024 By Oscar Nunez

Following the recent groundbreaking and record sales success, Urban Network Capital Group (UNCG), in partnership with Vertical Developments and Concepto Taller de Arquitectura, announced the acquisition of 15 additional acres to expand Visions Resort & Spa at 7007 Osceola Polk Line Road in Davenport, Florida. The enhanced footprint for the $170 million resort community brings the property to 42 acres. The transaction closed for $3.75 million.

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Miami’s Building Department Issues Phased Vertical Permit For 100-Story Supertall ‘Waldorf Astoria Hotel & Residences’

8:00 am on January 28, 2024 By Oscar Nunez

The Miami Building Department has issued a phased vertical construction permit for the Waldorf Astoria Hotel and Residences, a 100-story supertall mixed-use skyscraper under construction at 300 Biscayne Boulevard in downtown Miami. Designed by Sieger Suarez Architects in collaboration with renowned architect Carlos Ott and developed by Property Markets Group in partnership with Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, the soaring tower, designed in the form of nine stacked offset glass cubes, will be the first to achieve supertall status in Miami and the state of Florida. The phased permit, approved on January 10, outlines the specifics of the new construction valued at $426 million, making a significant step forward for the project since its groundbreaking in late 2022.

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Terra And Grass River Secure $245 Million Permanent Loan For 23-Story ‘Grove Central’ Mixed-Use Development in Miami

8:00 am on January 27, 2024 By Oscar Nunez

Miami-based developers Terra and Grass River have secured $245 million in permanent financing for Grove Central, a newly completed mixed-use development at 2800 Southwest 27th Terrace in Miami’s Coconut Grove neighborhood. The loan, issued by JP Morgan Chase & Co., will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management, and fund remaining public infrastructure improvements and upgrades to the adjacent Metrorail station. 

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