Articles by Oscar Nunez

Final Exterior Renderings Unveiled For 23-Story Gallery Haus At 155 17th Street South In St. Petersburg

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

New renderings have been unveiled for Gallery Haus, a 23-story luxury residential tower that will introduce 251 multifamily residences at the intersection of the Edge District and Warehouse District in downtown St. Petersburg. Situated just steps from vibrant shops, restaurants, and cultural hubs, the development also enjoys close proximity to the forthcoming $6.5 billion redevelopment of Tropicana Field.

Three New Retail Tenants Announced for Miami Worldcenter’s Expanding Commercial Space

8:00 am on September 29, 2024 By Oscar Nunez

Three new retail and restaurant concepts are set to open at Miami Worldcenter, the $6 billion, 27-acre mixed-use development reshaping Downtown Miami. The project’s ownership group has finalized leases with Go Greek Yogurt, HŸP, a sneaker and streetwear retailer, and SkinSpirit, a medical aesthetics clinic and spa. These additions are expected to open by early 2025.

Construction Underway for Bay Harbor Towers at 10141 East Bay Harbor Drive in Miami’s Bay Harbor Islands

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

PPG Development and L3C Capital Partners have officially broken ground on Bay Harbor Towers, an eight-story waterfront condominium at 10141 East Bay Harbor Drive in Miami’s Bay Harbor Islands. Designed by renowned architect Kobi Karp, the project offers luxurious living with modern architecture and unparalleled views. The residences’ sales started in late 2023 and reached over 50%, with the remaining units priced from $2.6 million. The development is expected to be completed by 2026; Civic Construction is the general contractor.

West Eleventh Residences Breaks Ground at 18 Northwest 11th Street in Park West, Miami

8:00 am on September 26, 2024 By Oscar Nunez

Developers Property Markets Group (PMG), Lion Development Group, and Marc Roberts Companies have broken ground on West Eleventh Residences in Miami. This 44-story project will feature 659 fully furnished luxury residences in the Park West neighborhood. It is designed with short-term rental flexibility in mind, allowing owners to host guests year-round on platforms like Airbnb.

$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.

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