Articles by Oscar Nunez

Developers Secure $34 Million From Bank OZK To Begin Construction On 66-Story One River Point In Downtown Miami

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

One River Point Partners, LLC, a joint venture partnership between New York’s KAR Properties and Miami’s Fortune International Group, has secured a $34 million loan to initiate the first phase of construction on One River Point, a twin-towered 66-story residential development planned for 24 Southwest 4th Street in Downtown Miami. Designed by the star architect Rafael Viñoly of Rafael Viñoly Architects, the pair of connected towers will contain a combined 368 condominium units, and sit immediately north of the Miami River. The property will enjoy a desirable location in the city’s epicenter being just minutes away from luxury retail shopping and entertainment areas as well as the major transportation hubs, the Port of Miami, Miami International Airport, and cultural landmarks such as the Adrienne Arsht Center and Perez Art Museum.

Red Apple Real Estate Secures $252 Million In Financing, Vertical Construction For St. Petersburg’s Tallest Building To Commence In March 2023

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

Red Apple Real Estate has secured $252 million in financing for The Residences at 400 Central, a 46-story mixed-use building under construction at 400 Central Avenue in downtown St. Petersburg. Designed by Arquitectonica with WSP as the structural engineer and featuring interiors by Celano Design Studio, The Residences at 400 Central will become the tallest building in the city and on the gulf coast at approximately 515 feet, yielding 1.3 million square feet of space including 301 luxury condominiums with views of Tampa Bay and the Gulf of Mexico, retail and restaurant space, and upwards of 40,000 square feet of Class A office space. Suffolk Construction is the general contractor for the project, which is scheduled to go vertical in March 2023.

Related Group Nabs $164 Million Construction Loan For 506-Unit Rental Tower In Brickell

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

Charlotte, NC-based Truist Bank has issued a $164 million construction loan to Miami’s acclaimed condo king, the Related Group, for the first of three skyscrapers slated for a prime 3.9-acre development site along Brickell Avenue, south of the Miami River. Commonly referred to as One Brickell Tower II, the 47-story structure is reportedly planned to rise approximately 478 feet at 77 Southeast 5th Street and yield 506 rental apartments. Arquitectonica is the architect for the entire mixed-use development, which includes the planned 75-story Baccarat Residences Miami and an 82-story hotel and residential tower. John Moriarty & Associates is the general contractor for the tower, which is expected to begin construction next month.

Developers Attain Construction Financing And Break Ground On Orchid Lake In Cocoa, Florida

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

Housing Trust Group (HTG) and Housing for Homeless, Inc. have closed on financing and broke ground on Orchid Lake, a new $30 million affordable housing community located at the southwest corner of University Lane and Michigan Avenue in Cocoa, Florida. Designed by FK Architecture with Manley Design as the landscape architect and DRMP as the civil engineer, Orchid Lake will be a three-story community offering residences in a mix of one-, two-, and three-bedroom floor plans featuring interiors by Builders Design. Hennessy Construction is the general contractor, and work is expected to complete in early 2024.

Renderings Surface For 35-Story Tower Soon To Break Ground In Downtown Tampa’s North Side

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

Renderings have surfaced for a 35-story mixed-use building planned for a 34,000-square-foot site at 505 East Tyler Street and 914 North Morgan Street in the North Downtown submarket of Downtown Tampa. Designed by Arquitectonica and developed by Cantor Silverstein Opportunity Zone Trust, Inc., a Qualified Opportunity Fund and joint venture partnership between New York-based developer Silverstein Properties and financial firm Cantor Fitzgerald L.P., the approximate 363-foot-tall structure will comprise 770,000 square feet of space including 450 residential units with associated leasing office/lounge, 11,500 square feet of amenities, 9,430 square feet of ground floor restaurant/retail space.

Neighborhood Housing Foundation Submits Plans For 100% Affordable Housing Project In Miami-Dade County

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

A pre-application is now under review for Liberty City Homes, an 8-story fully-affordable workforce housing development proposed for 9601 Northwest 22nd Avenue on the northeast corner lot of the intersection with Northwest 96th Street in the Sierra Nevada subdivision of the West Little River neighborhood. Designed by Emiliano Alberto Orozco and developed by Miami’s Neighborhood Housing Foundation (NHF), the 82-foot-tall building would offer 48 workforce housing units and parking spaces. Steve Blazekovic, Director of the NHF and President of the land-owning entity Alcanzable Inc, is listed as the applicant.

FAA Permits Being Reviewed For Mill Creek’s 25-Story ‘Modera South Eola’ In Orlando

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

The Federal Aviation Administration is currently reviewing building permit applications for Modera South Eola, a 25-story residential building proposed for 270 East Pine Street as a part of The Commons master-planned mixed-use development in Downtown Orlando’s Central Business District. Designed by Bethesda, Maryland-based SK+I Architecture and developed by an entity linked to Orlando-based Mill Creek Residential (Mill Creek), the L-shaped residential tower would comprise 400 multifamily rental units with related amenities, 8,238 square feet of retail space, and an 8-level parking garage with space for 400 vehicles. The Commons is a joint venture partnership between Mill Creek and an entity linked to Charlotte, North Carolina-based Highwoods Properties, Inc. (Highwoods), which is developing the commercial portion of the master plan – a 3-story structure with 100,000 square feet of Class A office space at 115, 155, 191 South Rosalind Avenue.

Developer Files Plans For A 10-Story Resi Project In Model City, Miami-Dade County

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

Hollywood-based Blue Monster Investments, LLC, has requested an Administrative Site Plan Review (ASPR) for 4875 Northwest 22nd Avenue, a 10-story building of primarily residential use planned in Model City, Miami-Dade County. Designed by Plana International led by Boca Raton-based architect Jaime Plana, the 131-foot-tall structure is proposed to yield an approximate total of 31,039 square feet of space including 36 dwelling units, just under 773 square feet of commercial space, and 6 parking spaces. Construkom USA is listed as the applicant’s representative for the project.

13th Floor Investments Files Plans For 17-Story Mixed-Use Tower Near Aventura, Florida

8:00 am on December 31, 2022 By Oscar Nunez

Miami-based developer 13th Floor Investments, under the 13th Floor Acquisitions, LLC, has filed plans for a 17-story mixed-use building at 19680 and 19770 West Dixie Highway in the Ojus neighborhood of Miami-Dade County, near Aventura. Designed by Corwil Architects, the nearly 190-foot-tall structure would yield 561,775 square feet of space including 350 multifamily residential units, approximately 5,300 square feet of ground floor retail, and 545 parking spaces with 20% designated for electric vehicle charging. The property is located just west of Aventura Mall and steps away from the new Brightline Aventura Station.

FAA Permits Filed Again For Related Group’s 45-Story ‘RD Las Olas’ Under Construction In Downtown Fort Lauderdale

8:00 am on December 30, 2022 By Oscar Nunez

The Federal Aviation Administration (FAA) has received building permit applications to continue work on RD Las Olas, a 45-story mixed-use building under construction at 201 South Federal Highway in Downtown Fort Lauderdale. Designed by Cohen Freedman Encinosa & Associates and developed by Miami-based The Related Group (Related), the tower is destined to become the second tallest in Fort Lauderdale, comprising 300 residential units along with approximately 3,200 square feet of ground floor retail, a parking garage of 453 spaces and amenities such as a 10th-floor deck with a club room, a health club, a pool, and a spa. Balfour Beatty is serving as the general contractor with Baker Concrete Construction as the shell contractor and PTE Systems International, LLC providing post-tension materials and equipment

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