Edgewater Collective is still unfolding in Miami, Florida. The $245 million venture will offer both residential and retail space. Upon completion, it’ll comprise three high-rise towers, measuring about 30 to 40 stories above grade. Per…
Dorsky + Yue International Architecture
OKO Group and Cain International have broken ground on their next joint venture development, One River Fort Lauderdale, a 34-story tower located at 629 Southeast 5th Avenue that will yield 365,203-square-feet including 251 high-end apartments, 2,600 square feet of ground level retail space and a 6-story, 337-space parking garage. On Friday, July 22nd, a ceremonial groundbreaking was held at the site to commemorate the start of construction. Notable attendees included City of Fort Lauderdale Mayor Dean Trantalis, and Vice Mayor Ben Sorensen. The groundbreaking announcement follows recent news that the development team secured $97.2 million in financing from Bank OZK and JVP Management to help fund construction of the tower. Construction is expected to be completed in late 2024.
The Federal Aviation Administration has granted New York-based real estate developer Bizzi & Partners building permit approvals for New River Central, a 35-story mixed-use multifamily and retail high rise building anticipated to rise at 100 Southwest 6th Street. Designed by Dorsky + Yue International with landscaping by Lewis Aqui Landscape + Architectural Design, and being developed alongside New York-based Silverback Development, the 378-foot-tall structure will yield an estimated 350,000 square feet of space including 401 residential units, 5,500 square feet of ground floor retail space, and a 477-space parking garage. The building permit applications were approved as of July 14, 2022 and are set to expire on January 14, 2024.
Development plans have been filed for 745 North Andrews Avenue, a 12-story mixed-use building proposed for a 1.46-acre property bound by Northwest 8th Street and Northwest 1st Avenue in Progresso Village, Fort Lauderdale. Designed by local architect Dorsky + Yue International Architecture for Chicago-based developer CEDARst Companies, plans for the 130-foot-tall development include 369,622 square feet of space comprising 220 residential units, 5,783 square feet of ground floor commercial space and an integrated 354-space parking garage. The application was scheduled for review on July 12, 2022 by the city’s Development Review Committee, which lists Lochrie & Chakas, P.A. as the land use attorney, Architectural Alliance Landscape as the landscape architect and Flynn Engineering Services, P.A. as the civil engineer.
OKO Group and Cain International have secured $97.2 million in construction financing for their next joint venture development: One River, a new 34-story luxury multifamily tower located addressed as 629 Southeast 5th Avenue in Fort Lauderdale, Florida. Financing is broken down into two loans, a senior construction loan provided by Bank OZK, and a mezzanine construction loan provided by JVP Management, which will fund the construction of the tower. One River will encompass 251 high-end apartments and 2,600 square feet of ground level retail space. Vertical construction is scheduled to begin this summer, with delivery expected September 2024.