Articles by Oscar Nunez

FAA Permits Filed For 321-Foot-Tall Tower, Poised To Be Sarasota’s Tallest Building

8:00 am on July 10, 2023 By Oscar Nunez

The Federal Aviation Administration (FAA) has received building permit applications for Obsidian Residences, an 18-story condominium tower planned for 1260 North Palm Avenue in Sarasota, Florida. This proposed tower, set to become the city’s tallest building, would stand at 321 feet. The development would feature just 14 residences in Sarasota’s downtown area with impressive ceiling heights ranging from 10 to 14 feet and interiors by Los Angeles-based Troy Adams. The project, developed by MK Equity Corporation, is situated on a 12,366-square-foot site and aims to replace an aged commercial plaza adjacent to the Bay Plaza Condominium. It is also conveniently situated across the street from the Art Ovation Hotel and Palm Avenue Parking Garage.

Mill Creek Residential Acquires 2.91-Acre Site To Expand Cornertstone Mixed-Use Development In Coral Springs

8:00 am on July 9, 2023 By Oscar Nunez

Mill Creek Residential, under the MCREF MFR 1 Coral Springs II LLC affiliate, has made another significant move in the vibrant South Florida real estate market, acquiring a valuable multifamily development site in Coral Springs for $13 million. The 2.91-acre parcel, nestled within the Cornerstone mixed-use development at 3310 University Drive, will pave the way for a new project. The sale was facilitated by Coral Sample LLC, led by Rod Sheldon of Predesco in Boca Raton and Arctrust Investment Manager from Clifton, New Jersey. The transaction represents a land price of $102 per square foot, reflecting the immense potential of this prime location.

40-Story Mixed-Use Tower Proposed Beside Brightline Fort Lauderdale Train Station

8:00 am on July 8, 2023 By Oscar Nunez

A 40-story mixed-use tower is proposed for a vacant property at 105 Northwest 3rd Avenue, adjacent to the Brightline Fort Lauderdale train station. The project, named Brightline Residences, aims to enhance the urban landscape of the area. With a height of 466 feet, the tower would encompass 609,381 square feet of space. The proposed plans include 392 residential units, comprising 240 studios/one-bedroom units and 152 two-bedroom units. Additionally, the development will feature 493 parking spaces, 5,986 square feet of commercial space, and 2,888 square feet designated for restaurants. FSMY Architects + Planners has skillfully designed the project, while Ocean Land Investments Inc, operating under BRIGHTLAND FTL OWNER, LLC, is the developer. The proposal is scheduled for review by Fort Lauderdale’s Development Review Committee on June 11.

ANF Group Completes Construction On Madison Point Apartments In Naranja, Florida

8:00 am on July 7, 2023 By Oscar Nunez

Construction has reached completion at Madison Point Apartments, a 4-story mixed-use community comprising four buildings at 26021 South Dixie Highway. Designed by Palenzuela & Hevia Design Group and developed by JQ Group with ANF Group as the general contractor, this vibrant development in Naranja, Florida, offers a dynamic blend of residential and commercial spaces, providing an exciting living experience for its residents.

Centennial Bank Provides $60.7 Million Construction Loan To First Multifamily Development Within Historic 200-Acre Hialeah Park

8:00 am on July 6, 2023 By Oscar Nunez

Centennial Bank has announced a substantial construction financing loan of $60.7 million for Flamingo Village. This multifamily development marks a significant milestone as the first of its kind within the historic 200-acre Hialeah Park Race Track in Hialeah. Flamingo Village is a joint endeavor between the Brunetti Organization, the owner of Hialeah Park, a renowned real estate investment enterprise, and the Prestige Companies, a prominent real estate firm known for their ventures in South Florida and their instrumental role in revitalizing Miami’s Hialeah submarket.

FAA Permits Submitted For 521-Foot-Tall Tower At 2600 Biscayne Boulevard In Edgewater, Miami

8:00 am on July 5, 2023 By Oscar Nunez

Permits have been submitted to the Federal Aviation Administration (FAA) to construct 2600 Biscayne Boulevard, a planned 521-foot-tall mixed-use tower in Miami’s Edgewater neighborhood. The tower will be situated on the western frontage of Biscayne Boulevard, between Northeast 26th Street and Northeast 26th Terrace, also known as 246 Northeast 26th Terrace. Developed by Oak Row Equities in partnership with LNDMRK Development, the site was acquired for $35 million in 2022. Arquitectonica, an acclaimed architectural firm, is responsible for the tower’s design. The permits were filed on June 22, 2023, and are currently undergoing review by the FAA, marking a significant step in the development process.

Foundation Pour Completed at E11EVEN Hotel & Residences’ First Phase

8:00 am on July 4, 2023 By Oscar Nunez

On June 23, E11EVEN Hotel & Residences achieved a significant milestone in its construction by completing an impressive foundation pour. Developed by E11EVEN Partners and Property Markets Group, this luxury dual-tower project in Downtown Miami continues to make remarkable progress. Led by general contractor John Moriarty & Associates, the foundation pour was a remarkable feat, made possible by the collaborative efforts of several companies. Fly & Form, Cemex, West Wind, and Florida Concrete Unlimited played pivotal roles in completing the concrete pour. Working in harmony, these companies contributed their expertise and resources to ensure the precise and efficient delivery of concrete, laying a solid foundation for this ambitious development. Over 16 hours, an astounding 6,700 cubic yards of concrete were poured, a testament to the dedication and skill of all involved. This achievement marks a significant step forward in the realization of E11EVEN Hotel & Residences, promising an exceptional addition to the vibrant landscape of Downtown Miami.

Construction Tops Out On ‘Arts And Entertainment Residences’ In Downtown Tampa

8:00 am on July 3, 2023 By Oscar Nunez

A significant milestone has been reached in downtown Tampa as Coastal Construction celebrates the topping out of the Arts and Entertainment Residences (AER), a striking 31-story tower developed by American Land Ventures in partnership with Gazit Horizons. With its prime location across from the Straz Center for the Performing Arts, this 334-unit high-rise offers residents immediate access to the city’s vibrant cultural scene and breathtaking views of the city and river, all steps away from the iconic Tampa Riverwalk.

LOFTY Brickell Sets New Heights With Innovative Skydeck Addition

8:00 am on July 2, 2023 By Oscar Nunez

LOFTY Brickell, the waterfront luxury condominium project by Newgard Development Group at 99 Southwest 7th Street, continues to push boundaries with its latest offering. The development unveils its ambitious plan for a unique skydeck on the 44th floor, exclusively dedicated to LOFTY unit owners. This versatile rooftop space, spanning approximately 10,000 square feet, will serve as a venue for private events, adding an exceptional amenity to the building.

Forté Development Breaks Ground On Waterfront Residential Community in Jupiter, FL

8:00 am on July 1, 2023 By Oscar Nunez

Forté Development marked a significant milestone on June 28 with the groundbreaking ceremony for Forté Luxe, an exclusive luxury boutique waterfront community in Jupiter, Florida. Nestled amidst the captivating surroundings of the Intracoastal Waterway, this prestigious development consists of just 15 multi-level residences, offering unparalleled views from three sides. The location, 12450 Crystal Cove Place, sets the stage for an extraordinary living experience.

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