As it currently stands, Cutler Manor is a 218-unit apartment complex in Miami. Yet, an affiliate of Preservation of Affordable Housing (POAH) wants to redevelop the 1970s-era complex and replace it with workforce and affordable housing. The developer would demolish the already-existing buildings in three phases to mitigate displaced tenants.
Alta Developers has unveiled new renderings of Cassia, a 12-story luxury condominium development designed by Behar Font & Partners at 4011 Salzedo Street in Coral Gables’ Merrick Park District. These renderings provide a glimpse into the Grand Lobby, Wellness Lounge, Spa Indoor Pool, Executive Business Center, and Social Club. The images also showcase the thoughtfully designed fully furnished turnkey residences, highlighting bedroom layouts, kitchens, living areas, balconies, and closets, all furnished with pieces from RH, offering a sophisticated blend of comfort and style.
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.
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.
On Saturday, Florida YIMBY reported on San Sebastian Luxury Homes, a venture seeking to double its density because of new Rapid Transit Zone (RTZ) rules. Now, we’ve learned of another transit-oriented development in Miami-Dade County.
